Backchecking With Ed Snider
Monday, 11.22.2004 / 12:00 AM ET / News
Chairman Talks About His Success, His Beginnings and Offers Advice
By Zack Hill
Flyers Chairman Ed Snider and Christine Decroix were married
in California on November 27.
Flyers Chairman Ed Snider recently sat down for an in-depth interview with philadelphiaflyers.com to discuss his success in the sports and entertainment industry, the beginning of his career and the advice that he would give to today's young entrepreneurs.
Question: To what do you contribute your success?
Snider:"I contribute my success to a combination of being at the right place at the right time and taking advantage of opportunities, mixed with luck and good fortune."
Question: As a youngster, you helped your father in the grocery business. Can you tell us about it?
Snider:"I was actually living with my mom and dad on top of my father’s grocery store in Washington, D.C. Slowly, but surely, he moved to another store which was a little bigger, then he acquired a supermarket and then he got two more supermarkets. I grew up in the grocery business and worked side-by-side with my dad, Sol C. Snider, for many, many years."
Question: How did you make the transition from grocery business to sports and entertainment?
Snider:"I left the grocery business when I got involved with the distribution of phonograph records. It was a period of time that we were called "rack jobbers,"putting record departments in post exchanges and discount houses, supermarkets and so forth. When I sold that business, I was looking for something to do. A group of businessmen were going to try and buy the Philadelphia Eagles so I joined their group as a very small owner. I was the one willing to move to Philadelphia to run the team. I ended moving to Philadelphia and I was running the Eagles."
Question: What has been your proudest moment as an NHL owner, and proudest as a person?
Snider:"My proudest moment as an owner, of course, was the very first Stanley Cup, when we beat Boston, 1-0. It was probably the most thrilling game of my life. I have six wonderful children and my proudest moments in life were when each one of them was born and being able to watch them grow."
Question: What have you been doing since the lockout?
Snider:"I’ve been working on all of our other enterprises like the 76ers, the Phantoms, buildings and everything else we own and operate."
Question: True or False. Rumor has it that your bachelor days are numbered.
Snider: "True. I met a magnificent woman by the name of Christine Decroix and we are getting married November 27 in California."
Question: What is the best advice that you would give to a young entrepreneur?
Snider:"You should follow your dreams. If you think you have a good idea, pursue that idea. Whether people agree with the idea or not, the bottom line is, if you feel deeply about it, then try to carry the idea out any way that you can. Entrepreneurs are people that have an entrepreneurial spirit and who are willing to take chances. In most instances, people have that spirit from the time they are born. There are people who know what they want to do at a very young age. It is similar to a person who knows that he wants to be a doctor, scientist or inventor. From the time I was young, I was always mowing lawns for money, selling newspapers and magazines or coming up with some business idea that hopefully would work."
Question: You haven’t had to mow any lawns recently, have you?
Snider: (Laughs)"Don’t ask."