[trisoccerfan] Lulu.com founder Bob Young takes ownership stake in RailHawks

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W. Jarrett Campbell

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Oct 7, 2008, 11:38:28 PM10/7/08

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Lulu.com founder Bob Young takes ownership stake in RailHawks

The Carolina RailHawks hope to remove all doubt about their future with the revelation that Bob Young has purchased an ownership stake in the USL First Division team in Cary.

Young is the founder and CEO of Lulu.com, a self-publishing web site headquartered in Morrisville. Prior to launching Lulu.com a few years ago, Young was the CEO of Red Hat, Inc., an RTP company dedicated to free and open source software and a Linux distribution vendor.

At Red Hat, Young served on the company's board of directors with Selby Wellman, who along with son Brian are the RailHawks' majority owners. Paul Singh is also a part of the team's ownership group.

"Selby Wellman is the smartest guy I know," Young said by phone Tuesday evening. "Any project Selby is involved in, Selby has to be successful. I'm just pleased to be Selby's partner. … I just always had a lot of respect for Selby so we when approached me, I jumped at the chance."

While Young has made his fortune in software, he's no stranger to sports ownership. He has owned his hometown Hamilton Tiger-Cats of the Canadian Football League since 2003.

"He's completely in sync with us and what we're doing," Brian Wellman said. "The team has never been stronger from a financial standpoint, and never stronger from a leadership standpoint."

>> Read Tim Candon's full article at WRAL Sports Fan.

Add Your Comments 07 Oct 2008 at 23:37 by jarrett

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W. Jarrett Campbell, Ph.D.
Founder, Triangle Soccer Fanatics