DETROIT, MI (WTVB) - Detroit Lions owner and Chairman William Clay Ford is dead at the age of 88 due to pneumonia. He had been the sole owner since buying the team in 1963 for $4.5-million with the franchise now valued at around $900 million. He was the last surviving grandson of Henry Ford. Under his ownership, the team built two stadiums, hosted the 2006 Super Bowl and constructed a 36-million-dollar training center in Allen Park. There will be a private service.
Control of the Lions will likely go to his son, William Clay Ford, Jr., who has served as vice chairman of the Lions since February 1995. In Ford’s tenure as Lion’s owner, the team had one victory in a playoff game back in 1991 and is one of the few clubs in the NFL that has yet to play in the Super Bowl.