As it became more clear that Orthwein, who had little interest in owning and running a football team, would steer the club to St. Louis, Kraft broke the news to his wife, Myra, in the summer of 1993 on a walk on the beach in Cape Cod. “I told her, ‘I’m going to put a bid in for the team,’” Kraft recalled in a three-hour interview with SI at his Brookline home in January. “She didn’t think it was a very good business idea. To put it mildly.”

But Kraft plowed forward with a seven-man team led by Jonathan, a Harvard Business School grad, that would determine how much they’d bid. The committee came to the conclusion that the Patriots—not including the stadium or lease—were worth about $115 million. “But,” Kraft said, “I figured I’d go to 120 or 125 million if I had to.” Summoned to St. Louis to make a final offer with other suitors three weeks after the 1993 season finale, Kraft bid $125 million. When Orthwein and his advisers declared that none of the bids were sufficient, Kraft said, in essence, tell us what you want for the team. Orthwein’s advisers came back with a number: $172 million.

“Was I scared?” Kraft said. “Yes, I was scared. But this was my shot. How many times in life do you get your shot to do something you desperately want to do? Logic said no. Instinct said yes. Also, things kept flashing through my mind. The Boston Braves had left, and no team ever replaced them. My sons were getting to an age where smart sons move to take good business opportunities [elsewhere], and I wanted my family to stay intact here. I figured this could be a good family business.”

After gulping hard at the figure he was quoted, Kraft said yes. For the highest price in the history of American sports, he now owned a bad football team that played in an el cheapo stadium. The tough part—telling Myra—was still to come.

Over the past six months Kraft’s anguish over the death in July of his wife of 48 years has been continually evident. In his interview with SI he had to stop to compose himself four times when Myra’s name came up—including in the discussion about his decision to buy the team.

“When I told her, she thought I was crazy,” Kraft recalled, sitting at his kitchen table. “Angry? Yeah. She couldn’t believe I’d done that. It was a ridiculous number. It’s the only time she questioned my business judgment in all the years we were married. Every marriage has some hard times, and I can tell you that was a tough night.”

Pause. Fifteen seconds.

“That night, to tell you the kind of person my sweetheart was, she said to me …”

Pause. Five seconds.

” …’You have to promise me our charitable donations will not be reduced.’ I promised her that, and we moved on. Now, today, it’s so tough, still. This thing with Myra—everything else is paper clips. Her perspective on what was important in life was such an inspiration.”

There were fits and starts to be sure: In 1999 Kraft, seeking a new stadium, announced he would move the team to Hartford, then reversed course. And in the downturn after 9/11, funding for a privately constructed new stadium in Foxborough nearly collapsed. But Kraft weathered the storms and saw the project to completion. Gillette Stadium opened for football in the fall of 2002, when the Patriots were—thanks largely to another gutsy call Kraft had made nearly three years earlier—the reigning Super Bowl champs.

DECISION 2: Hiring Belichick

It’s no secret that Kraft and Bill Parcells, the coach he inherited when he bought the team, had their moments of hostility. Parcells wanted authority to draft players, while Kraft preferred a team approach, with the personnel department having final say. That eventually led to an ugly breakup after the 1996 season. But something else good came out of that season, beyond the team’s first Super Bowl appearance: Kraft got to know Belichick.

“Bill Parcells came to me and said there was someone he wanted to add to the staff, Bill Belichick, and he wanted me to meet him,” said Kraft. “We were already over our coaching budget, but I met him and liked him right away. I drilled him with questions, and I liked what I heard.”

Things turned bitter when Kraft learned that Parcells wanted to leave after the season to coach the Jets. After the Super Bowl loss to the Packers, when the Patriots’ staff was dissolving, Kraft had a choice: keep Belichick, perhaps even as head coach, or hire new blood. “I wrestled with it,” Kraft said. “But I had lost the trust with Parcells, and he and Bill were tied at the hip. They were together for so long. Could I trust [Belichick]? I decided I couldn’t, at the time. Everything in life is timing. Myra and I went out to lunch with him and Debby [Belichick's then wife], and I explained it. When I left there, I thought maybe there’d be a time we might work together in the future.”

Belichick followed Parcells to the Meadowlands, and the Jets signed him to a contract with an “heir clause” that would give him the head coaching job whenever Parcells stepped down. As an additional reward—and, some within the Jets’ organization thought, a ploy to ensure Belichick stayed on—owner Leon Hess gave Belichick a $1 million bonus, unprompted, in January ’99. But Hess died in May of that year, and the ownership situation with the Jets became muddled. When Parcells announced on Jan. 3, 2000, that he was resigning, Belichick took over—for one day. On Jan. 4 he sent his infamous letter to club management: “I resign as HC of the NYJ.”

In New England, Kraft had fired coach Pete Carroll on Jan. 3, but before the Parcells announcement. “I made sure we faxed in a request for permission that day to interview Belichick—when Parcells was still the coach,” says Jonathan Kraft. When the Patriots’ interest in Belichick surfaced, friends around the league called Robert Kraft unprompted to ask him what in the world he was thinking in pursuing the diffident Belichick, who’d made more than his share of enemies in a five-year 37–45 run with the Browns a decade earlier. One associate sent Kraft a tape of memorable and/or monosyllabic moments from Belichick’s press conferences in Cleveland.

Kraft was undeterred. Though he felt the Patriots had the right to freely hire Belichick because they’d requested permission before it was announced that Parcells was quitting, commissioner Paul Tagliabue ruled that the Patriots would have to pay the Jets compensation. Irony of ironies: Parcells, who stayed on to run the Jets’ front office, and Kraft were the ones who had to hammer out the deal. “When [Parcells] called to discuss it,” Kraft said, “my secretary walked into my office and said, ‘Darth Vader’s on the phone.’ I knew exactly who she meant.” Finally they agreed. Belichick cost New England its first-round draft choice in 2000.

That wasn’t the only first-round pick Belichick cost New England. Commissioner Roger Goodell docked the Pats a 2008 first-rounder as partial sanction for the Spygate scandal. But those two first-rounders were small price to pay for a coach who has averaged 12.9 wins a year, including playoffs, and led the Patriots to five Super Bowls in his 12 seasons. Belichick, a latter-day Monty Hall when it comes to dealing current draft picks for better ones down the road, has ensured that the flow of quality talent won’t be stemmed anytime soon. And friends say he has no plans to quit coaching. (Belichick declined to be interviewed for this story.)

“The key to life,” said Kraft, “is you try to see things other people can’t see. This league is set up for everyone to go 8–8. How do you differentiate? You have to be bold in any business and do things you take a lot of criticism for but you believe are right.”

Which brings us to Tom Brady.

DECISION 3: Jettisoning the highest-paid player in football, in his prime

This call is less tough—though it isn’t exactly an easy move to trade a prolific quarterback within the division in favor of a sixth-rounder who still had question marks. But a year after Belichick took Brady with the 199th pick in 2000, Kraft could tell that the coach was smitten with Brady and not thrilled with Bledsoe, who improvised too much for the liking of Belichick and offensive coordinator Charlie Weis during a 5–11 season in 2000. Meanwhile, Belichick found Brady to be a sponge, and it was becoming apparent that his arm was stronger than scouts had seen during the predraft process. Brady lived for the game, twice winning a parking space awarded to the player with the best off-season workout effort. And the kid was confident. He was walking out of the old stadium to his car one day shortly after the draft, pizza box (that evening’s dinner) under one arm, when he encountered the owner for the first time.

“He looked me right in the eye,” Robert Kraft recalled, “and said to me, ‘Mr. Kraft, hi, I’m Tom Brady. I just wanted to tell you I’m the best decision your franchise has ever made.’”

In 2001 Brady replaced the injured Bledsoe with the Patriots 0–2 and quarterbacked an underdog team to a stunning Super Bowl victory over St. Louis. The next spring Belichick wanted Brady to play over Bledsoe. “You’d better be right,” Kraft told him in a staff meeting. When the Bills offered a first-round pick for Bledsoe, Kraft had to okay it—and he did. “I love the guy,” Kraft said of Bledsoe. “That was a tough one. But you’ve got to back your key managers when they make a decision.”

Bledsoe lasted three unspectacular seasons in Buffalo, winning 23 games, none in the playoffs, with a plus-12 touchdown-to-interception differential. Brady in those three years: 43 wins, two Super Bowl victories and 47 more touchdown passes than interceptions.

This past year Kraft was one of 10 owners who helped negotiate the decade-long labor agreement that was hammered out in July. As chair of the league’s broadcast committee he took the lead in extending the NFL’s network deals through 2022. Those jobs helped him fill his time as he coped with Myra’s death. “The way he does business,” said Patriots union rep Matt Light, “is it’s never a pissing contest. In the labor deal he said the commonsense thing: ‘Let’s get the lawyers out of the room.’ And they did, and it got done.”

While difficult, those CBA and TV deals were, in many ways, logical business developments emanating from the sport that laps all others in popularity today. Buying the Patriots? Hiring Belichick? Those were tougher calls, the kind it’s become Kraft’s business to make. “In this game,” he said on Sunday night, after the Patriots had arrived in Indianapolis for their sixth Super Bowl under Kraft, “you better take some risks—or you’ll have a nice team, and once every 10 or 20 years you’ll be good. That’s not what I want to be about.”

FORBES: NFL Team Values [New England Patriots]