Need That Money

The Wealthy Power Brokers of Baseball: MLB’s Top Team Owners

Top MLB Team Owners: Their Wealth Sources and Success Stories

The world of baseball is not only defined by the players and their performances but also by the team owners who oversee their respective teams. These owners are more than just wealthy businessmen who invest in a team to profit from it.

They are influential figures who play an important role in shaping the future of baseball. In this article, we will take a closer look at the top MLB team owners, their wealth sources, and success stories.

Bob Castellini, Cincinnati Reds

Bob Castellini is the owner of Cincinnati Reds since 2006. His business acumen comes from his extensive experience in the produce industry.

Before buying the Reds, Castellini owned a successful produce distribution company, the Castellini Group of Companies. His team has won the NL Central Division for three consecutive years from 2010 to 2012.

Ron Fowler and Peter Seidler, San Diego Padres

Ron Fowler and Peter Seidler have been co-owners of the San Diego Padres since 2012. Both businessmen have an extensive background in investment strategy and have built a reputation in the brewing industry.

They have been instrumental in winning the National League West Division in 2020. Mark Attanasio, Milwaukee Brewers

Mark Attanasio is the current owner of the Milwaukee Brewers.

He is well known for his investment in the Crescent Capital Group, which enabled him to purchase the Brewers in 2005. His team won the National League Central Division in 2011.

Stuart Sternberg, Tampa Bay Rays

Stuart Sternberg, the current owner of the Tampa Bay Rays, is a former Wall Street investor. He was a limited partner in a Wall Street firm before he helped lead the purchase of the Rays in 2004.

His team achieved success in winning the American League East Division in 2008, 2010, and 2019.

Ken Kendrick, Arizona Diamondbacks

Ken Kendrick is the co-owner of the Arizona Diamondbacks since 1995.

Kendrick has a background in the IT software industry and is currently the principal owner of the Woodforest National Bank in Texas. His team won the National League West Division in 2011 and reached the playoffs in 2017.

John Stanton and Chris Larson, Seattle Mariners

John Stanton and Chris Larson are the co-owners of the Seattle Mariners. Stanton is a wireless industry pioneer, having founded Western Wireless Corporation.

Larson is the founder of an investment group, Cascadia Investment Fund. Their team has yet to win a division title, but they have made impressive strides in recent years to develop a promising future.

Jim Crane, Houston Astros

Jim Crane is the chairman and owner of the Houston Astros. Crane is an entrepreneur with a business background in transportation and distribution.

He is the founder and former CEO of Eagle Global Logistics. His team won the American League West Division in 2017 and won the World Series championship in 2017.

Jerry Reisendorf, Chicago White Sox

Jerry Reisendorf is a co-owner of the Chicago White Sox. His business experience comes from his successful career in the real estate industry, as a founder of Balcor Company.

His team won the American League Central Division in 2008.

Peter Angelos, Baltimore Orioles

Peter Angelos is the principal owner of the Baltimore Orioles.

Angelos has a law background and is a prominent lawyer in the tobacco industry. His team has won the American League East Division three times and went on to the ALCS in 2014.

Ray Davis and Bob Simpson, Texas Rangers

Ray Davis and Bob Simpson are co-owners of the Texas Rangers. Davis is the CEO of Energy Transfer and owns multiple businesses in the United States.

Simpson is famous for being the former CEO of XTO Energy. Despite the Rangers’ controversial records in recent years, they have won the AL West Division twice in 2010 and 2011 under their ownership.

John Fisher, Oakland Athletics

John Fisher has been the principal owner of the Oakland Athletics since 2005. Fisher is an investment magnate and is also the founder of the KIPP foundation.

The team has yet to win a division title under Fisher’s ownership, but they have regularly reached the playoffs.

John Middleton and the Buck Family, Philadelphia Phillies

John Middleton and the Buck Family co-own the Philadelphia Phillies, with Middleton serving as the managing partner.

Middleton was a prominent figure in the tobacco industry and was the CEO of the parent company of Philip Morris. The Buck family has a significant real estate portfolio.

Their team won the World Series championship in 2008.

Arturo Moreno, Los Angeles Angels

Arturo Moreno owns the Los Angeles Angels.

Moreno is a businessman with roots in the advertising industry. He is also a significant franchisor of sports bars and has invested in other commercial properties.

The team has won the American League West Division six times under his ownership.

John Henry, Boston Red Sox

John Henry is the owner of the Boston Red Sox.

Henry is a noted investor in multiple endeavors and a former commodities broker. He is also the principal owner of Liverpool F.C., a successful football club in the English Premier League.

His team won the World Series championship in 2004, 2007, 2013, and 2018.

Steinbrenner Family, New York Yankees

The Steinbrenner family is the longest-running ownership group of any Major League Baseball franchise.

George Steinbrenner was the former owner of the team, and after his death, his sons took over the reins. The family made their wealth through a chain of Shipbuilding and shipping services.

The Yankees have won the World Series championship a total of 27 times.

Ilitch Family, Detroit Tigers

Mike Ilitch was the CEO of Little Caesars, and before his death, he was the principal owner of the Detroit Tigers.

His family continues to own the team, and they also own the Detroit Red Wings. Their team won the American League Central Division four times under their ownership.

Ricketts Family, Chicago Cubs

The Ricketts family is the principal owner of the Chicago Cubs. The family made their fortune as investors in the stock market and as founders of TD Ameritrade.

The team won the World Series championship in 2016.

Lerner Family, Washington Nationals

The Lerner family owns the Washington Nationals.

Ted Lerner, a real estate mogul, was the team’s original principal owner. His son, Mark Lerner, is the current managing principal.

Their team won the World Series championship in 2019.

Liberty Media and John Malone, Atlanta Braves

Liberty Media purchased the Atlanta Braves in 2007, and John Malone is the chairman of the board of directors.

Malone built his wealth through the cable television industry as the former CEO of TCI and Liberty Media. The team won the National League East Division three times from 2018 to 2020.

Steve Cohen, New York Mets

Steve Cohen is the owner of the New York Mets. Cohen is a hedge-fund billionaire who founded Point72 Asset Management.

His team has yet to achieve any significant achievements under his ownership, but Cohen is committed to building a winning team. In conclusion, the owners of MLB teams are as important as the players.

They invest significant amounts of money and resources to create winning teams that can bring glory and success to their respective cities. The wealth sources they have accumulated have made them successful in various fields, and their understanding of business and investment strategies has aided in the development of their teams.

The aforementioned team owners have successfully built a reputation for their respective teams, and they have achieved significant achievements in their endeavors. In conclusion, the success and influence of MLB team owners should not be underestimated.

These wealthy businessmen invest significant amounts of money and resources to create winning teams and shape the future of baseball. From produce distributors to advertising moguls, their varied wealth sources and business acumen have aided in the development of their respective teams.

With the reputation and success achieved under their ownership, it is evident that team ownership is as important as the players, and they play an integral role in the overall success of a team.

Popular Posts