Peter Bynoe
Encyclopedia
Peter Charles Bernard Bynoe (born March 20, 1951) is a Chicago attorney
Lawyer
A lawyer, according to Black's Law Dictionary, is "a person learned in the law; as an attorney, counsel or solicitor; a person who is practicing law." Law is the system of rules of conduct established by the sovereign government of a society to correct wrongs, maintain the stability of political...

 and businessman, the only African-American equity partner in the Chicago office of DLA Piper. In 1989, he and his business partner Bertram Lee were the first African-Americans to buy any part of an National Basketball Association
National Basketball Association
The National Basketball Association is the pre-eminent men's professional basketball league in North America. It consists of thirty franchised member clubs, of which twenty-nine are located in the United States and one in Canada...

 (NBA) team, when they purchased a 37.5% share of the Denver Nuggets
Denver Nuggets
The Denver Nuggets are a professional basketball team based in Denver, Colorado. They play in the National Basketball Association . They were founded as the Denver Rockets in 1967 as a charter franchise of the American Basketball Association, and became one of that league's more successful teams...

 basketball
Basketball
Basketball is a team sport in which two teams of five players try to score points by throwing or "shooting" a ball through the top of a basketball hoop while following a set of rules...

 team, and he is among the most influential minority figures in sports law and management.

Bynoe kept the Chicago White Sox
Chicago White Sox
The Chicago White Sox are a Major League Baseball team located in Chicago, Illinois.The White Sox play in the American League's Central Division. Since , the White Sox have played in U.S. Cellular Field, which was originally called New Comiskey Park and nicknamed The Cell by local fans...

 from leaving Chicago by developing a New Comiskey Park (now known as U.S. Cellular Field
U.S. Cellular Field
U.S. Cellular Field is a baseball ballpark in Chicago, Illinois. Owned by the Illinois Sports Facilities Authority, it is the home of the Chicago White Sox of Major League Baseball's American League. The park opened for the 1991 season, after the White Sox had spent 81 years at old Comiskey Park...

). He has become a negotiator for professional sports teams' venues. In addition, he is involved in the development of the 2012 Summer Olympics
2012 Summer Olympics
The 2012 Summer Olympic Games, officially known as the "London 2012 Olympic Games", are scheduled to take place in London, England, United Kingdom from 27 July to 12 August 2012...

 and hopes to be involved in the 2016 Summer Olympics
2016 Summer Olympics
The 2016 Summer Olympics, officially known as the Games of the XXXI Olympiad, are a major international multi-sport event to be celebrated in the tradition of the Olympic Games, as governed by the International Olympic Committee...

 planning. Bynoe serves on several boards of directors.

Personal Background

Born in Boston, Massachusetts, Bynoe came from a well-respected family. His father Victor C. Bynoe, had emigrated from his native Barbados
Barbados
Barbados is an island country in the Lesser Antilles. It is in length and as much as in width, amounting to . It is situated in the western area of the North Atlantic and 100 kilometres east of the Windward Islands and the Caribbean Sea; therein, it is about east of the islands of Saint...

 at age 14, and after graduating from Northeastern University with degrees in Civil Engineering
Civil engineering
Civil engineering is a professional engineering discipline that deals with the design, construction, and maintenance of the physical and naturally built environment, including works like roads, bridges, canals, dams, and buildings...

 and Law
Law
Law is a system of rules and guidelines which are enforced through social institutions to govern behavior, wherever possible. It shapes politics, economics and society in numerous ways and serves as a social mediator of relations between people. Contract law regulates everything from buying a bus...

, became a successful attorney
Lawyer
A lawyer, according to Black's Law Dictionary, is "a person learned in the law; as an attorney, counsel or solicitor; a person who is practicing law." Law is the system of rules of conduct established by the sovereign government of a society to correct wrongs, maintain the stability of political...

. (At one point, he represented Boston Celtics
Boston Celtics
The Boston Celtics are a National Basketball Association team based in Boston, Massachusetts. They play in the Atlantic Division of the Eastern Conference. Founded in 1946, the team is currently owned by Boston Basketball Partners LLC. The Celtics play their home games at the TD Garden, which...

 star Bill Russell
Bill Russell
William Felton "Bill" Russell is a retired American professional basketball player who played center for the Boston Celtics of the National Basketball Association...

.) At a time when few blacks were being promoted to important positions in government, Victor Bynoe was named to Boston Mayor John B. Hynes' cabinet in 1950, serving on the Street Commission. He later became commissioner of Veterans' Services in Boston, and served on the board of the Boston Housing Authority. Peter's mother Ethel was American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

.; she was praised by the black newspapers for her community involvement and volunteerism. Peter also had an uncle John Bynoe, who was active in the fight for civil rights
Civil rights
Civil and political rights are a class of rights that protect individuals' freedom from unwarranted infringement by governments and private organizations, and ensure one's ability to participate in the civil and political life of the state without discrimination or repression.Civil rights include...

, serving as the regional civil rights director for the United States Department of Health, Education and Welfare.

Bynoe attended William Lloyd Garrison Elementary School, and graduated from Boston Latin School
Boston Latin School
The Boston Latin School is a public exam school founded on April 23, 1635, in Boston, Massachusetts. It is both the first public school and oldest existing school in the United States....

 in 1968. He credited his parents with instilling high standards and expecting him to achieve in school. He also had a love of sports, growing up as a regular Boston Celtics
Boston Celtics
The Boston Celtics are a National Basketball Association team based in Boston, Massachusetts. They play in the Atlantic Division of the Eastern Conference. Founded in 1946, the team is currently owned by Boston Basketball Partners LLC. The Celtics play their home games at the TD Garden, which...

 and Boston Red Sox
Boston Red Sox
The Boston Red Sox are a professional baseball team based in Boston, Massachusetts, and a member of Major League Baseball’s American League Eastern Division. Founded in as one of the American League's eight charter franchises, the Red Sox's home ballpark has been Fenway Park since . The "Red Sox"...

 fan; but although both teams had black players, racial relations in Boston at that time were still tense, and black fans like Bynoe were hesitant to attend the games.

Bynoe's entire post-secondary education was at Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

 in Cambridge, Massachusetts
Cambridge, Massachusetts
Cambridge is a city in Middlesex County, Massachusetts, United States, in the Greater Boston area. It was named in honor of the University of Cambridge in England, an important center of the Puritan theology embraced by the town's founders. Cambridge is home to two of the world's most prominent...

. He obtained his bachelor's degree
Bachelor's degree
A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...

 cum laude at Harvard College
Harvard College
Harvard College, in Cambridge, Massachusetts, is one of two schools within Harvard University granting undergraduate degrees...

 in 1972. He then received his master's degree
Master's degree
A master's is an academic degree granted to individuals who have undergone study demonstrating a mastery or high-order overview of a specific field of study or area of professional practice...

, an M.B.A. in 1976, with an emphasis on finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...

 and marketing
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...

, from Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...

. His Juris Doctor
Juris Doctor
Juris Doctor is a professional doctorate and first professional graduate degree in law.The degree was first awarded by Harvard University in the United States in the late 19th century and was created as a modern version of the old European doctor of law degree Juris Doctor (see etymology and...

 from Harvard Law School
Harvard Law School
Harvard Law School is one of the professional graduate schools of Harvard University. Located in Cambridge, Massachusetts, it is the oldest continually-operating law school in the United States and is home to the largest academic law library in the world. The school is routinely ranked by the U.S...

 had a focus on corporate planning and regulation. In addition to being admitted to the practice of law before the Illinois State Bar, Bynoe is a licensed real estate broker
Real estate broker
A real estate broker, real estate agent or realtor is a party who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy...

 in Illinois.

In late November 1987, he married Linda Jean Walker, who was then vice-president of the fixed-income
Fixed income
Fixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....

 division of Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....

 in New York.

Business career

Bynoe began his professional career in 1976 at Citibank
Citibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...

. After deciding he didn't like working for a large corporation, he left New York and moved to Chicago in 1977. He was hired by James Lowry, a management consultant whom he had met at Harvard. While with Lowry's firm, Bynoe made a name for himself as someone who could break down racial barriers and get diverse groups to work together. He also became known for his work in minority business development. By 1982, Bynoe passed the Illinois bar examination
Bar examination
A bar examination is an examination conducted at regular intervals to determine whether a candidate is qualified to practice law in a given jurisdiction.-Brazil:...

. He left Lowry and Associates in 1982, at which time he founded and managed Telemat Ltd., a business consulting firm.

His career path changed in 1987 when Harold Washington
Harold Washington
Harold Lee Washington was an American lawyer and politician who became the first African-American Mayor of Chicago, serving from 1983 until his death in 1987.- Early years and military service :...

, whose election campaign he had worked for and contributed to, called Bynoe to inform him that the Chicago White Sox were threatening to leave Chicago. From March 1988 to June 1992, Bynoe served as the Executive Director of the Illinois Sports Facilities Authority, a joint venture of the City of Chicago and State of Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...

, which gave him complete supervisory, planning and executing responsibility for the $250 million construction of New Comiskey Park for the Chicago White Sox, which was completed as scheduled and well within its budget. He also became known in Chicago for his business relationships with such influential sports stars as Michael Jordan
Michael Jordan
Michael Jeffrey Jordan is a former American professional basketball player, active entrepreneur, and majority owner of the Charlotte Bobcats...

, a former client with whom he remained friends.

Having been a sports fan since childhood, Bynoe was eager to get into team ownership, and in 1989, he joined a small group of African-American entrepreneurs who were attempting to purchase the Denver Nuggets
Denver Nuggets
The Denver Nuggets are a professional basketball team based in Denver, Colorado. They play in the National Basketball Association . They were founded as the Denver Rockets in 1967 as a charter franchise of the American Basketball Association, and became one of that league's more successful teams...

 basketball
Basketball
Basketball is a team sport in which two teams of five players try to score points by throwing or "shooting" a ball through the top of a basketball hoop while following a set of rules...

 team. Among the participants were Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...

 and Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...

 businessman Bertram Lee, tennis legend Arthur Ashe
Arthur Ashe
Arthur Robert Ashe, Jr. was a professional tennis player, born and raised in Richmond, Virginia. During his career, he won three Grand Slam titles, putting him among the best ever from the United States...

 and Democratic National Committee
Democratic National Committee
The Democratic National Committee is the principal organization governing the United States Democratic Party on a day to day basis. While it is responsible for overseeing the process of writing a platform every four years, the DNC's central focus is on campaign and political activity in support...

 Chairman and future US Secretary of Commerce Ron Brown
Ron Brown (U.S. politician)
Ronald Harmon "Ron" Brown was the United States Secretary of Commerce, serving during the first term of President Bill Clinton. He was the first African American to hold this position...

. The media were generally unaware of the rest of the group, and focused almost entirely on Bynoe and Lee. Lee and Bynoe had worked together in Boston years earlier, and Bynoe thought of Lee as a mentor. They had kept in touch, and were involved in several real estate dealings together. But the Nuggets deal was problematic from the start. In fact, it almost fell through because Lee did not have the resources everyone, Bynoe among them, thought he had. Media reports depicted Lee as a wealthy and successful businessman who was a financier with offices in two cities, and formerly part owner of a Boston's WNEV-TV. But Lee and Bynoe were unable to meet the deadline to purchase the team from then-owner Sidney Shlenker. It would later be revealed that Lee had problems raising the needed capital. It was Bynoe, with the assistance of David Stern
David Stern
David Joel Stern is the commissioner of the National Basketball Association. He started with the Association in 1966 as an outside counsel, joined the NBA in 1978 as General Counsel, and became the league's Executive Vice President in 1980. He became Commissioner in 1984 succeeding Larry O'Brien...

, Jay Pritzker
Jay Pritzker
Jay Arthur Pritzker was an American entrepreneur and conglomerate organizer.-Biography:Pritzker was born in Chicago, Illinois, the son of Fanny and A. N. Pritzker. His brother was Robert Pritzker...

, and Jerrold Wexler
Jerrold Wexler
Jerrold Wexler was a noted American businessman. He was the brother of cinematographer Haskell Wexler and the stepfather of actress Daryl Hannah. Wexler was born in Chicago and attended Northwestern University....

, who salvaged the transaction over the course of six months. The mainstream media reported that Lee and Bynoe were now the first two blacks to own a major sports team, but several of the black newspapers pointed out that the two men were actually managing general partners rather than owners, because the revised agreement to purchase the team meant they owned only a 37.5% stake in the team. But ultimately, the team turned out to be a poor investment, and with rumors flying that Lee was not making his share of the payments, Bynoe finally sold his interest in the franchise in August 1992. Communications Satellite Corporation's (COMSAT) Video Enterprises subsidiary put up 62.5% of the $65 million needed to purchase the Nuggets.

Bynoe was hired in 2008 by Chicago-based Loop Capital Markets LLC. Bynoe serves at Managing Director of Corporate Finance.

Other Achievements

Bynoe served as a consultant to the Atlanta-Fulton County Recreation Authority and the Atlanta Committee to Organize the Olympic Games to plan the 85,000 seat Centennial Olympic Stadium
Centennial Olympic Stadium
Centennial Olympic Stadium was the 85,000-seat main stadium of the 1996 Summer Olympic Games in Atlanta. Construction of the stadium began in 1993, and it was complete and ready for the Opening Ceremony in July 1996, where it hosted track and field events and the closing ceremony...

 within a $210 million construction budget. The stadium has been converted to the 45,000 seat Turner Field
Turner Field
Turner Field is a stadium in Atlanta, Georgia, home to Major League Baseball's Atlanta Braves since 1997. Turner Field was originally built as Centennial Olympic Stadium, it was completed in 1996 to serve as the centerpiece of the 1996 Summer Olympics...

 baseball stadium for the Atlanta Braves
Atlanta Braves
The Atlanta Braves are a professional baseball club based in Atlanta, Georgia. The Braves are a member of the Eastern Division of Major League Baseball's National League. The Braves have played in Turner Field since 1997....

 who use it under a lease agreement Bynoe negotiated. Bynoe became a partner at DLA Piper Rudnick Gray Cary US, LLP in 1995 when he joined the firm and is now a member of the firm's Executive Committee. Bynoe as head of DLA Piper's Sports Facilities Practice Group has negotiated new facilities for the Cincinnati Reds
Cincinnati Reds
The Cincinnati Reds are a Major League Baseball team based in Cincinnati, Ohio. They are members of the National League Central Division. The club was established in 1882 as a charter member of the American Association and joined the National League in 1890....

 and Bengals
Cincinnati Bengals
The Cincinnati Bengals are a professional football team based in Cincinnati, Ohio. They are members of the AFC's North Division in the National Football League . The Bengals began play in 1968 as an expansion team in the American Football League , and joined the NFL in 1970 in the AFL-NFL...

, Miami Heat
Miami Heat
The Miami Heat is a professional basketball team based in Miami, Florida, United States. The team is a member of the Southeast Division in the Eastern Conference of the National Basketball Association . They play their home games at American Airlines Arena in Downtown Miami...

, Washington Redskins
Washington Redskins
The Washington Redskins are a professional American football team and members of the East Division of the National Football Conference in the National Football League . The team plays at FedExField in Landover, Maryland, while its headquarters and training facility are at Redskin Park in Ashburn,...

, Milwaukee Brewers
Milwaukee Brewers
The Milwaukee Brewers are a professional baseball team based in Milwaukee, Wisconsin, currently playing in the Central Division of Major League Baseball's National League...

, and Columbus Blue Jackets
Columbus Blue Jackets
The Columbus Blue Jackets are a professional ice hockey team based in Columbus, Ohio, United States. They are members of the Central Division of the Western Conference of the National Hockey League...

. He specializes in infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...

 projects and represents institutional clients such as: The Boeing Company, Sara Lee Corporation, Essence Communications
Essence Communications
Essence Communications Sdn Bhd is a regional boutique public relations agency headquartered in Petaling Jaya, Selangor, Malaysia. The agency is part of the WPP Group. With a headcount of 22, it offers corporate and individual clients public relations consultancy and event management services...

, and CNA Insurance. Bynoe is currently involved in the 2012 Summer Olympics
2012 Summer Olympics
The 2012 Summer Olympic Games, officially known as the "London 2012 Olympic Games", are scheduled to take place in London, England, United Kingdom from 27 July to 12 August 2012...

, hopes to be involved in a successful Chicago 2016 Olympic bid
Chicago 2016 Olympic bid
The Chicago bid for the 2016 Summer Olympics and Paralympics was an unsuccessful campaign, first recognized by the International Olympic Committee on September 14, 2007...

, and was a backer of Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

.

In addition, Bynoe is a Director of Rewards Network
Rewards network
Rewards Network is a restaurant marketing company that provides restaurants with access to 3.4 million frequent diners who belong to various dining rewards programs. Over 10,000 restaurants currently take advantage of Rewards Network marketing services, which include email campaigns; mobile access...

, and Danielson Holding Corporation. Bynoe has chaired the Chicago Commission Landmarks
Commission on Chicago Landmarks
The Commission on Chicago Landmarks, established in 1968 by a Chicago City Ordinance, is composed of nine members appointed by the Mayor and the Chicago City Council. It is responsible for presenting recommendations of individual buildings, sites, objects, or entire districts to be designated as...

, the Chicago Plan Commission
Chicago Plan Commission
The Chicago Plan Commission is a commission implemented to promote the Plan of Chicago, often called the Burnham Plan. After official presentation of the Plan to the city on July 6, 1909, the City Council of Chicago authorized Mayor Fred A. Busse to appoint the members of the Chicago Plan Commission...

, and the Illinois Sports Facilities Authority. He is Chairman of the Executive Committee of the Goodman Theatre
Goodman Theatre
The Goodman Theatre is a professional theater company located in Chicago's Loop. A major part of Chicago theatre, it is the city's oldest currently active nonprofit theater organization...

, a Trustee of the Rush University Medical Center
Rush University Medical Center
Rush University Medical Center is a 676-bed academic medical center that includes hospital facilities for adults and children. It also includes the Johnston R. Bowman Health Center...

, and a Director of The CORE Center for the Prevention, Care and Research of Infectious Diseases. Bynoe has been a director of Covanta since 2004. On July 30, 2007, Bynoe was announced as a director (effective October 1) for Citizens Communications (which later changed its name to Frontier Communications). In the past, Bynoe has been a member of the Harvard Board of Overseers
Harvard Board of Overseers
The Harvard Board of Overseers is one of Harvard University's two governing boards...

. He has also served as a director for Uniroyal Technology Corporation, Jacor Communications (acquired by Clear Channel Communications), J&G Industries, Huffman-Koos, Inc., the River Valley Savings Bank, and Blue Chip Broadcasting (acquired by Radio One, Inc).

Honors

Bynoe has been designated an Illinois "Super Lawyer" for 2005 and 2006 based on research jointly conducted by Law & Politics and Chicago magazines.
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