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Baseball Is Almost Back! Meet The Billionaire Owners Of The American League.

Soon, baseball will be back! Even though we won’t be eating Dodger dogs and drinking beer in Chavez Ravine, we will eventually be able to watch America’s pastime on television. Let’s look at the owners of the MLB teams in the American League.

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Soon, baseball will be back! Although we won’t be eating Dodger dogs and drinking beer in Chavez Ravine any time soon (thanks coronavirus! ), we will eventually be able to watch America’s pastime on television. At least for now, it is planned to launch a mini-season with 60 games in late July. Things can change soon with Covid-19 blazing out of control from coast to coast. Major League Baseball franchise owners have been working behind the scenes to figure out how to keep their sport alive amid a global pandemic. Classic games have been broadcast on cable sports channels. Basically, baseball is what the audience wants. Thankfully, we won’t have to wait too long. Let’s look at the American League club owners and how they were able to acquire a Major League Baseball franchise.

Owner of the Baltimore Orioles: Peter Angelos
1993 Price of acquisition: $173 million
Team Value in 2020: $1.4 billion
Legendary Maryland legal counsel Peter Angelos. He obtained multibillion dollar verdicts for his clients in asbestos litigation as well as against the cigarette industry. Despite having a successful legal career, Angelos is viewed negatively as a dominating and impatient business owner. His front office executives have one of the worst turnover rates in the league. Actually, Sports Illustrated named Angelos the “Worst Owner in Baseball” in 2009.

Owner of the Boston Red Sox: John Henry
2002 Cost of acquisition: $380 million
Team Value in 2020: $3.3 billion
Trading agricultural futures was how John Henry started his career, and in 1981 he established his own business, John W. Henry and Company. He started pitching his management to the biggest American commodity brokerage companies. Henry relocated to Westport, Connecticut, in 1989. Henry, a former owner of the Florida Marlins, bought the Boston Red Sox in 2002 with the express goal of “breaking the Curse of the Bambino.” Liverpool F.C. was acquired by Henry’s Fenway Sports Group in October 2010. The Boston Globe belongs to Henry.

Jerry Reinsdorf of the Chicago White Sox (Photo by Jonathan Daniel/Getty Images)

Jerry Reinsdorf of the Chicago White Sox (Photo by Jonathan Daniel/Getty Images)

Owner of the Chicago White Sox: Jerry Reinsdorf
1981 Cost of acquisition: $20 million
Value of the 2020 Team: $1.65 billion
Jerry Reinsdorf built his money via tax havens for real estate partnerships. For $102 million, he sold his business to American Express in 1982. The fact that he is the owner of the Chicago White Sox and the Chicago Bulls is arguably what makes him most well-known. He has been in charge of both teams for more than 35 years, and his treatment of important team members like Michael Jordan and Phil Jackson has led to both great success and controversy. One of MLB’s anti-union owners is Reinsdorf.

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Lawrence and Paul Dolan are the owners of the Cleveland Indians.
2000 Price of acquisition: $323 million
Value of the 2020 Team: $1.15 billion
The head of the family is Charles Dolan. He founded Cablevision in 1973 and sold it for $17.7 billion in 2016. Paul Dolan is his nephew; Larry Dolan is his brother. Over the 20 year tenure of the Dolan family’s ownership of the Indians, there have been just four primary managers and three general managers.

Owner of the Detroit Tigers: Marian Ilitch
1992 Price of acquisition: $82 million
Value of 2020 Team: $1.25 billion
In 1959, Mike and Marian Ilitch established Little Caesar’s Pizza. Mike died in 2017, but his wife still owns the chain of pizzerias that nets more than $4 billion in annual sales. Also owned by the Ilitch family are the Detroit Red Wings of the NHL. Chris Ilitch is currently in charge of the Tigers and Red Wings.

Houston Astros Owner: Jim Crane
2011 Cost of acquisition: $680 million
2020 Team Valuation: $1.8 billion
Jim Crane founded Eagle USA Airfreight in 1984 with a $10,000 loan from his sister. Eagle USA Airfreight would later become Eagle Global Logistics. Eagle Global went public in 1995, and at its height, it employed more than 100,000 people and generated annual revenues in the hundreds of millions. In addition to owning CCG, he is also a shareholder in Western Gas Holdings and Crane Worldwide Logistics, LLC, and he is also the director of Fort Dearborn Life Insurance Company and Champion Energy Holdings, LLC. He also owns The Floridian National Golf Club and is the top-ranked CEO golfer in the country. The 2017 World Series was won by the Astros. The squad cheated, it was later discovered.

Owner of the Kansas City Royals: John Sherman
Price of purchase in 2019: $1 billion
Valuation of the 2020 Team: $1.025 billion
The largest energy company in North America was created in 2013 by the merger of Inergy and Crestwood Holdings, which was founded by John Sherman. Prior to purchasing the Royals, Sherman spent three years as a minority owner of the Cleveland Indians. David Glass, who had controlled the team since 2000, sold it to him.

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Angels of Los Angeles
Arturo Moreno, owner
2003 Price of acquisition: $183.5 million
Team Value in 2020: $1.9 billion
The first Mexican-American to own a professional sports team in the United States is Arturo Moreno. A Vietnam veteran, he launched his career in outdoor advertising when he was hired by Eller Outdoor in the early 1980s. He relocated to Arizona in 1984 and started working for Outdoor Systems. In 1996, Arte, who was now in charge of the business and a significant stakeholder, decided to go public. The IPO was very prosperous. For $8 billion in equity, Infinity Broadcasting purchased Outdoor Systems in 1998. In 2003, he purchased the Anaheim Angels from the Walt Disney Company. The squad was then renamed the Los Angeles Angels by him.

Owner of the Minnesota Twins: Jim Pohlad
1984 Cost of acquisition: $44 million
Team Value in 2020: $1.3 billion
Carl Pohlad, Jim Pohlad’s father, owned the Twins. After his father passed away in 2009, Jim took over. He, together with his brothers Bill and Bob, are the owners of a collection of more than 30 Minneapolis-based companies that their father left to them. The 1950s saw the establishment of a banking and financial services company by self-made billionaire Carl Pohlad. Jim graduated from USC with a degree in accounting and is a CPA by trade. He serves as the franchise’s spokesperson and is reachable by both the media and fans.

Owner of the Oakland Athletics: John Fisher
2005 Price of acquisition: $180 million
Team Value in 2020: $1.1 billion
The founders of Gap, Doris and Donald Fisher, are the parents of John Fisher. John purchased The Oakland A’s with his inheritance. Fisher has an MBA from Stanford and a bachelor’s degree from Princeton. Additionally, he owns the San Jose Earthquakes of Major League Soccer and Celtic FC of Scotland. To keep the A’s in Oakland but move them out of their dilapidated home at the Oakland Coliseum, he must pull together a contract for a new stadium.

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Owner of the Seattle Mariners: John Stanton
2016 Purchase price: $1.2 billion
Team Value in 2020: $1.6 billion
John Stanton served as the CEO of several cellular businesses in the 1980s. Today, he’s the chairman of the private equity firm. Trilogy International Partners. According to a 2016 investigation, John W. Stanton owned $45 million worth of shares in organizations like General Communication Inc. and Columbia Sportswear. Stanton served as the chairman of the board of trustees at Whitman College where he graduated from. In 2014 he joined Microsoft’s board of directors. Before becoming the Seattle Mariners’ new CEO in 2016 and formally acquiring the team later that year, Stanton was a minority owner of the organization.

Owner of the Tampa Bay Rays: Stuart Sternberg
2004 Cost of acquisition: $200 million
Value of the 2020 Team: $1.05 billion
Stuart Sternberg started his professional career in trading equity options in 1978 while studying finance at St. John’s University and working part-time at the American Stock Exchange. After college, Sternberg was hired by investment group Spear, Leeds & Kellogg, eventually becoming a partner in the firm before moving to Goldman Sachs, retiring from that company as a partner in 2002. In May 2004, Sternberg bought a 48 percent plurality stake in the Devil Rays, currently known as the Tampa Bay Rays. In October 2005, he was appointed managing general partner. Together with fellow Goldman Sachs associate Matthew Silverman, whom he chose to serve as the team’s president, he organized his push for a majority stake in the organization.

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