Al Savill

Albert A. 'Al' Savill (February 3, 1917 – August 7, 1989) was a mortgage banker, real estate developer and an owner of the Radisson Plaza Hotel Orlando.

Al Savill
Born(1917-02-03)February 3, 1917
London, England
DiedAugust 7, 1989(1989-08-07) (aged 72)
Orlando, Florida
Known forMortgage banker;
Former owner of Pittsburgh Penguins

Career

Savill was born on February 3, 1917, in London but spent his childhood in Boston. He started his business career with John Hancock Mutual Life Insurance Co. and rose to assistant manager of the mortgage division when he left Boston in 1950.

Savill went on to found the Savill-Mahaffey Mortgage Co. in Indianapolis, which became the largest independent mortgage company in Indiana. He sold the company to American Fletcher National Bank in 1969. After moving to Orlando in 1979, he founded KMS Mortgage and Investment Co. in Seminole County.

Savill, who had a passion for the Boston Red Sox in his youth, was an owner of the Indianapolis Capitals of the now-defunct Continental Football League from 1963 to 1969.

He was also an owner of the Columbus Owls of the International Hockey League from 1973-1978. Savill, along with Wren Blair and Otto Frenzel bought the Pittsburgh Penguins from the NHL in 1975[1] for $3.8 million.[2] Upon becoming owner of the Penguins, he dissolved the farm system to save money and was forced to trade draft picks to keep the team marginally competitive.[3] Savill and Frenzel remained part-owners of the team for two seasons, eventually selling the team was sold to local shopping mall developer Edward J. DeBartolo Sr. in February 1977.

Savill was a partner in building the 342-room Radisson Plaza Hotel in downtown Orlando, Florida. When the franchised hotel opened in July 1985, it was the first hotel to open downtown in a decade.

Death

Savill died in Orlando in 1989 after a brief illness at the age of 72.[4][5]

References
  1. "Penguins Going Bankrupt?". CBS News. August 8, 1998. Retrieved December 3, 2018.
  2. "Former Capitals, Penguins Exec Jack Button Dead at 56". AP. July 31, 1996. Retrieved December 3, 2018.
  3. "Rick Buker, "100 Things Penguins Fans Should Know and Do Before They Die" (Interview)". December 6, 2011. Retrieved December 3, 2018.
  4. https://news.google.com/newspapers?id=PV5QAAAAIBAJ&sjid=PlgDAAAAIBAJ&dq=al%20savill&pg=6641%2C2628634
  5. "Al Savill, Banker, Radisson Hotel Owner, Dies - Orlando Sentinel". Articles.orlandosentinel.com. 1989-08-09. Retrieved 2014-06-20.
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