Last Updated on June 16, 2026 by Mat Diekhake
The Chicago Bulls have enjoyed remarkable ownership stability throughout their history. Since the franchise was founded in 1966, only a few ownership groups have controlled the team, helping create continuity during some of the most successful periods in NBA history.
Dick Klein (1966–1967)
Dick Klein founded the Chicago Bulls and served as the franchise’s original owner. A former professional athlete and businessman, Klein was instrumental in bringing an NBA team back to Chicago. His ownership was brief, as he sold the franchise shortly after its inaugural season.
Jonathan Kovler (1967–1985)
Jonathan Kovler purchased the Bulls in 1967 and owned the team for nearly two decades. During his tenure, the franchise established itself in the NBA and drafted future Hall of Famer Michael Jordan in 1984. Kovler’s long period of ownership provided stability during the team’s formative years.
Jerry Reinsdorf (1985–Present)
Jerry Reinsdorf acquired the Bulls in 1985 and remains the franchise’s principal owner. His tenure has been the most successful in team history, highlighted by six NBA championships during the 1990s led by Michael Jordan, Scottie Pippen, and head coach Phil Jackson.
Under Reinsdorf’s ownership, the Bulls became one of the most recognizable sports franchises in the world. The organization has consistently ranked among the NBA’s most valuable teams and remains a central part of Chicago’s sports culture.
Conclusion
The Bulls have had just three principal ownership eras since entering the NBA in 1966: founder Dick Klein, long-time owner Jonathan Kovler, and current owner Jerry Reinsdorf. The franchise’s relative stability at the ownership level has helped shape its identity and support its success over the decades.