The Mariners will not have a majority owner. Rather 17 investors, including John Stanton, set to take over as the club’s CEO, will serve as minority owners. It’s unclear how — or if — this will impact the Mariners heading forward.
Nintendo, which took control of the team from Jeff Smulyan in 1992, is selling all but 10 percent of its stake in the franchise and the regional sports network ROOT Sports.
The M’s entered Wednesday three games back of the Orioles and Red Sox the wild card standings.
Nintendo selling majority interest, and Chuckles the Clown stepping down as CEO, is a WIN. A MAJOR WIN.
Revenue hasn’t been an issue, as the franchise has been in the black ever since moving into Safeco Field 17 years ago. Ownership apathy, not giving a shit about the product on the field and bringing a winner to the fans, that has been the issue.
I like what DiPoto has been doing with the roster – going for value in sheer numbers, and building the farm system. The results are encouraging this year, and will pay off down the road.