DETROIT – Detroit Tigers and Red Wings owner Mike Ilitch has died at age 87, Local 4 News has learned.

WATCH LIVE: Jason Colthorp discusses passing of Mike Ilitch

VIEW: Mike Ilitch's accomplishments in photos

Here's the full statement from the Ilitch family:

"It is with great sadness that I inform you of the passing of my father, Mike Ilitch, our beloved colleague, friend and leader. Mr. I, as so many of you affectionately called him, died this afternoon at a local hospital. He was 87.



As many of you know, my father loved his family dearly. He is survived by his wife and my mother, Marian Ilitch, his partner in life and in business. They have seven adult children (Denise, Ron, Michael Jr., Lisa, Atanas, me and Carole), 22 grandchildren and three great-grandchildren. Mr. I’s love extends to the many thousands of colleagues, players, coaches and franchisees, whom he regarded as his extended family. I know firsthand how much he truly cared for each of you.



Mike Ilitch was a true leader, setting the tone for our organization and our family. While doing so he embodied our vision, values and culture in a way that we all learned from and can carry forward. He was a titan in the world of sports, business and in the community, who will be remembered for his unwavering commitment to his colleagues, his passion for Detroit, his generosity to others and his devotion to his family and friends. He touched the lives of colleagues, franchisees, pizza lovers, sports fans and many others throughout the world. I’m honored to have had the opportunity to work with him to nurture and grow our businesses, but mostly, I’m grateful to have called him my Dad.



Like any great leader, my father was always looking ahead, and he appreciated the importance of cultivating the next generation of leaders. He put a strong management team in place across our companies that I will continue to lead in bringing his vision to life going forward. I know that, together, we will fulfill his amazing vision for our organization.



Following a private funeral service, we will celebrate the tremendous man he was at a memorial tribute for family, close friends and colleagues. When details and timing of this memorial service are finalized, I will share that information with you. In the meantime, you can share your thoughts, memories and condolences by email to Mr@ilitchholdings.com. Thank you for your support and dedication during this time." -- Chris Ilitch

Tigers manager Brad Ausmus also released a statement Friday night:

"I worked for Mr. I as both a player and as a manager. I can honestly say it was an honor to work for a man who made winning the priority. Baseball is a business, but Mr. I was a baseball player who became a businessman. He loved baseball, and my memories will always be centered around the passion with which he talked about it."

READ: Twitter reacts to death of Mike Illitch

MORE: Mayor Mike Duggan on the passing of Mike Illitch: Mike was more than a successful businessman

Ilitch Holdings released the following statement:

Mike Ilitch, founder of Little Caesars Pizza, owner of the Detroit Tigers and Detroit Red Wings, Chairman of Ilitch Holdings, and champion for Detroit, died today at a local hospital. He was 87.

"My father was a once-in-a-generation entrepreneur, visionary and leader, setting the tone for our organization and our family," said Christopher Ilitch, President and CEO of Ilitch Holdings, Inc. "He made such a positive impact in the world of sports, in business and in the community, and we will remember him for his unwavering commitment to his employees, his passion for Detroit, his generosity to others and his devotion to his family and friends. Together my family and the company celebrate the tremendous man he was, and we will continue to work hard to uphold his remarkable legacy. I’m honored to have had the opportunity to work with him to nurture and grow our businesses, but mostly, I’m grateful to have called him my Dad, and I know my siblings feel the same."

Mike Ilitch was married to Marian Ilitch, his partner in life and business for 61 years. They have seven adult children Denise (Jim Scalici), Ron, Michael Jr. (Noelle), Lisa (Glenn Murray), Atanas (Patty), Christopher (Kelle), Carole, 22 grandchildren and three great-grandchildren. Mike Ilitch’s life is a remarkable American success story. He was born in Detroit, Michigan in 1929 to Macedonian immigrants Sotir Ilitch and Sultana Tasseff Ilitch who came to the United States in 1924. He had one brother Peter who died in 2009. Ilitch was educated in Detroit where he attended Clinton Elementary, Post Intermediate and Cooley High School, where he was an All-City athlete in baseball and track.

Upon graduation from high school in 1947, the Detroit Tigers offered him a minor league contract, but he decided instead to join the U.S. Marine Corps. Ilitch served from 1948-1952 at Parris Island, Quantico and Pearl Harbor. Ilitch took great pride in serving his country and credits the values and discipline he learned while serving keys to his success as a businessman and entrepreneur.

After discharge from the Marines, the Tigers again offered Ilitch a minor league contract; he played shortstop in the minor league system for four seasons (1952-1955) making it to AAA and hitting over .300, until a knee injury ended his baseball career. He later worked as a door-to-door salesman until he and his wife Marian saved enough money to open the first Little Caesars in Garden City, Michigan on May 8, 1959.

That single mom and pop pizza shop grew into the world’s largest carryout pizza chain, with restaurants in 20 countries and territories throughout the world. Success in the pizza business enabled Ilitch to invest in other businesses in food, sports and entertainment. All businesses are headquartered in the Detroit metropolitan area and will continue to thrive under family ownership, led by President and CEO of Ilitch Holdings, Inc., Christopher Ilitch.

Today, Ilitch Holdings, Inc. provides professional services to the companies owned by Mike and/or Marian Ilitch. The Ilitch companies employ 23,000 full-time and part-time colleagues worldwide and posted revenues of $3.4 billion in 2016. The Ilitch companies include: Ilitch Holdings, Little Caesars Pizza, Blue Line Foodservice Distribution, the Detroit Red Wings, the Detroit Tigers, Olympia Entertainment, Olympia Development, Little Caesars Pizza Kits Fundraising Program and Champion Foods. Marian Ilitch owns the MotorCity Casino Hotel.

True to Mr. Ilitch’s vision for a bustling downtown area, the Ilitch organization will continue its transformational District Detroit project under Christopher Ilitch’s leadership, transforming dozens of blocks of largely vacant land in Downtown Detroit into a dynamic, vibrant area for everyone in the community to enjoy. The District Detroit will include office, retail and residential spaces, as well as the new Little Caesars Arena. The $1.2 billion project is expected to have a $2.1 billion total economic impact on Detroit, the region and Michigan.

Mr. Ilitch believed passionately in giving back to the community. Among his many contributions to others, Mr. Ilitch established the Little Caesars Love Kitchen in 1985. With two trucks on the road to serve those in need, these restaurants on wheels have served more than three million people.

Additionally, inspired by the story of a veteran returning to civilian life, Ilitch founded the Little Caesars Veterans Program in 2006. This program provides honorably discharged veterans with financial incentives and other support to help them open a franchise with Little Caesars. Further, Ilitch established the Little Caesars Amateur Hockey Program in 1968, and it has provided opportunities for tens of thousands of youngsters to play the great game of hockey over the years.

Ilitch Charities and its affiliates, the Detroit Red Wings Foundation and the Detroit Tigers Foundation, have given more than $35 million in cash and in-kind contributions to deserving organizations across the community since 2005. Additionally, Mr. and Mrs. Ilitch have personally gifted nearly $50 million to Detroit’s Wayne State University, $40 million of which was dedicated to establish the new Mike Ilitch School of Business, which will train and educate the next generation of the city’s great entrepreneurs."

TIGERS OWNER: Detroit Tigers returned to relevance under Mike Ilitch ownership

IMAGE: Fox Theatre honors Ilitch

"Mike Ilitch saw the bright possibilities of Detroit’s Woodward Corridor at a time that other investors had fully turned their backs on the city," Rip Rapson, president and CEO of the Kresge Foundation, said. "Revitalizing the historic Fox Theatre and relocating his business headquarters to the city were bold moves, but ones that ultimately set downtown on a course for incredible investment and remarkable transformation. While our hearts are heavy tonight with his passing, we celebrate Mr. Ilitch’s legacy and unwavering belief in Detroit and its people."

More stories