Connect with us

Entertainment

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

The 2020 baseball season is quickly approaching. Sure, it will be much shorter than usual, but for those of us who were hotly anticipating the Los Angeles Dodgers being a serious contender for the World Series, we’re just happy to get any baseball!

Published

on

Soon, baseball will be back! We won’t be drinking beer at the Cubbie Bear, for sure (thanks, coronavirus!). but we will get America’s favorite pastime on our televisions sooner rather than later. 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 National League club owners and how they were able to acquire a Major League Baseball franchise.

Owner/Managing Partner of the Arizona Diamondbacks: Ken Kendrick
Price of acquisition: $238 million (2004)
Franchise worth today: $1.29 billion
Datatel, Inc., which offers software and information processing services for higher education, was created by Ken Kendrick. He shares ownership of the Diamondbacks with Michael Chipman and Jeffery Royer. Since the team’s inaugural season in 1998, all three have owned at least a portion of it. Kendrick has more than 10,000 baseball cards in his collection. The most expensive baseball card in history, a T206 Honus Wagner card, was purchased by Kendrick for $2.8 million. Kendrick, who is 77,

Georgia Braves
Owner: Liberty Media Corporation, represented by John C. Malone
2007 Price of acquisition: $450 million
Team Value in 2020: $1.8 billion
John Malone started his business career in 1963 at Bell Telephone Laboratories of AT&T, where he worked in research and development and economic planning. Malone led Tele-Communications Inc. as president and CEO for 24 years, from 1973 to 1996. (TCI). Malone is currently the chairman of Liberty Global, Liberty Interactive, and Liberty Media. With 2,100,000 acres of land, the majority of which is in Maine, Malone surpassed Ted Turner to become the greatest individual private landowner in the United States as of 2011.

Tom Ricketts, owner and Chariman of the Chicago Cubs (Photo by Jonathan Daniel/Getty Images)

Owner and CEO of the Chicago Cubs, Tom Ricketts (Image by Jonathan Daniel/Getty Images)

Owner of the Chicago Cubs: Thomas S. Ricketts
2009 Cost of acquisition: $700 million
Team Value in 2020: $3.2 billion
Ricketts is also the chief executive officer and chairman of Chicago investment bank Incapital LLC and director of TD Ameritrade Holding Corporation, which was founded by his father J. Joseph Ricketts.
Tom Ricketts represented a group of family members who chipped in to make a successful $700 million offer in 2009 when the famous baseball team was up for sale.

Advertisement

Cincinnati Reds
Bob Castellini, owner
2006 Cost of acquisition: $270 million
Valuation of the 2020 Team: $1.07 billion
The CEO of the Cincinnati Reds of Major League Baseball is Bob Castellini. Castellini works as the head of the fruit and vegetable distributor Castellini Co., which his grandparents began in the 1890s, in addition to his baseball endeavor. Former minority owner of the Texas Rangers and Baltimore Orioles, Bob Castellini.

Denver Rockies
Richard L. Monfort is the owner
1993 MLB expansion fee for 2020 team valuation: $1.275 billion Purchase price: $190 million
Richard Monfort is the 66-year-old son of Kenneth Monfort, who owned a meatpacking and food distribution company that he sold for $365.5 million to ConAgra Foods in 1987.
Before taking on the role of company president from 1984 to 1987, Richard spent ten years working for his family as a cattle buyer. Monfort was named president of ConAgra Red Meats after the family firm was sold.

Mark Walter, owner and managing partner of the Los Angeles Dodgers
2012 cost of acquisition: $2.15 billion
Team Value in 2020: $3.4 billion
In 2012, a team of investors led by Guggenheim Partners and included Magic Johnson, bought the Los Angeles Dodgers from the much hated by the fanbase owner Frank McCourt. Guggenheim Partners, which oversees more than $290 billion in assets, is led by Water. In 2013, Time Warner Cable (now Spectrum) and Walter played a key role in the $8.35 billion, 25-year television deal that set a record. Due to DirecTV and other regional carriers carrying the channel, less than half of Southern California’s market had access to it. SportsNetLA will eventually be accessible on DirecTV starting in April 2020.

Owner of the Miami Marlins: Bruce Sherman
2017 Price of acquisition: $1.2 billion
Team Value for 2020: $980 million
In 1985, Bruce Sherman and others co-founded Private Capital Management. In 2001, the business was sold for $1.4 billion, and Sherman kept ownership of the new business. Sherman helped Derek Jeter buy the Marlins and instilled him as the CEO running the day-to-day operations of the team.

Advertisement

Chicago Brewers
Mark Attanasio is the owner.
2005 Price of acquisition: $223 million
Team Value in 2020: $1.2 billion
Crescent Capital Group, a Los Angeles-based investment company with $26 billion in assets, was co-founded in 1991 by Mark Attanasio. In September of 2004, he reached a deal, on behalf of an investment group, to purchase the Brewers from the family of Major League Baseball (MLB) Commissioner Bud Selig for $200 million. The deal was approved by MLB at the owners’ winter meeting on January 13, 2005, and Attanasio became an owner of the Milwaukee Brewers.

Mets of New York
Initiator: Fred Wilpon
2002 Cost of acquisition: $391 million (2002)
2020 $2.4 billion Team Value
Together with his brother-in-law Saul Katz, Fred Wilpon established the real estate development firm Sterling Equities in the 1970s. They acquired homes for dirt cheap, then sold them for a profit. Wilpon was the subject of controversy for investments he made with Bernie Madoff in 2008 when Madoff was convicted for running a Ponzi scheme. According to reports, Wilpon lost $700 million as a result of Madoff, which led to rumors that he would be forced to sell the franchise. In the end, Mr. Wilpon consented to donate $162 million to the Madoff victims trust. As a result, the Mets experienced financial difficulties in recent years and were unable to sign players to major league contracts. Currently, Alex Rodriguez and Jennifer Lopez are two of the top bidders for the Mets.

Cardinals of St. Louis
William DeWitt Jr., the owner
1995 Price of acquisition: $150 million
Team Value in 2020: $2.2 billion
William DeWitt, Jr. is the founder of investment firm Reynolds, DeWitt & Co., which is best known for owning 63 Arby’s franchises as well as the U.S. Playing Card Company. He once held a minority ownership stake in the Rangers and Orioles. Bill DeWitt, a previous owner of the Cincinnati Reds and the St. Louis Browns, was his father. The return on investment for team owner William DeWitt, Jr., whose ownership group paid $150 million for the franchise in 1995, has been outstanding. He has witnessed a more than 1300 percent increase in the value of his franchise over the last 25 years.

Advertisement

Owner of the San Diego Padres: Ron Fowler
Purchase cost in 2012: $800 million
Value of the 2020 Team: $1.45 billion
Ron Fowler is the CEO of beer distributor Liquid Investments, Inc, which distributes Heineken, Miller, and Coors and has more than $224 million in annual sales. He served as the head of the Super Bowl XXXVII host committee.

Giants of San Francisco
Charles Johnson, owner
1993 Price of acquisition: $100 million
Team Value in 2020: $3.1 billion
Charles Johnson is now most recognized for his role as executive chairman of the San Diego Padres’ Major League Baseball ownership group. Charles Bartlett Johnson, who was born in 1933, amassed the most of his wealth while serving as chairman of one of America’s largest holding businesses, Franklin Resources. Charles’s father, Rupert Sr., established Franklin Distributors, a mutual fund retailer, in 1947. Already a graduate of Yale University at the time, Charles took over the company as Chief Executive in 1957 at age 24. Twelve years later, Charles expanded the business under Franklin Resources with the help of his half-brother Rupert Junior. After Charles Johnson resigned in June 2013, his son George was appointed Chairman. Currently, he is a part-owner of the San Francisco Giants, an American baseball team, but he delegated management of the franchise to Larry Baer, the group’s chairman. Greg Johnson, his 58-year-old son, took over management of the group in 2019.

Owner of the Washington Nationals is Ted Lerner and his family.
2006 Price of acquisition: $450 million
Team Value in 2020: $1.9 billion
The 94-year-old Lerner started Lerner Enterprises, the largest landowner in the Washington, DC metro region, in the 1950s with a $250 loan from his wife Annette. The company owns 750 home lots, another 7,000 apartments, and over 20 million square feet of space spread out over a wide range of commercial and retail properties. The NHL’s Washington Capitals, the WNBA’s Washington Mystics, and the NBA’s Washington Wizards are all also owned by Lerner and his family. Since the Washington Senators won the World Series in 1924, no baseball team from Washington, D.C., has won the World Series before the 2019 Nationals.

Advertisement
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.