How much did John Y Brown sell KFC for?

John Young Brown Jr. was a Kentucky politician, entrepreneur, and businessman who built Kentucky Fried Chicken (KFC) into a multimillion-dollar restaurant chain.

Brown paid $2 million to Harland Sanders for Kentucky Fried Chicken in 1964. In January 1965, he became president of KFC, which he sold to Heublein Corp. in a $275 million stock swap in 1971. Brown received nearly $21 million in Heublein stock in exchange for his KFC stock.

Brown and some associates paid $4 million for the Miami-based Lum’s restaurant chain from its founders, Stuart and Clifford S. Perlman, using some of the proceeds from the KFC sale.

Brown was named one of the Outstanding Young Men of America by the Junior Chamber of Commerce in 1966 for his work with KFC; the following year, the Chamber named him one of the Outstanding Civic Leaders of America.

He eventually joined both the Kentucky and Louisville Chambers of Commerce. In 1969, he was named Louisville’s Outstanding Young Man by the Louisville Junior Chamber of Commerce, and on November 6, 1970, he was inducted into the University of Kentucky Alumni Association Hall of Distinguished Alumni.