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Own It
2005-06-08 17:10
by Will Carroll

So I'm doing some research on the bidders for DC's team - now reaching finalist stage, with some requisite Seligian footdragging to see if his buddy Stan Kasten can find some extra money in the couch cushions. It occurs to me that other than George Steinbrenner, we know next to nothing about these guys. Therefore, let's use the power of the blog to come up with our own database about these guys. First come, first served, in the following format:

YANKEES: George Steinbrenner, Principal Owner.
Steinbrenner has owned the team since 1973 after leading a group of private investors. Steinbrenner's money came mostly from his Cleveland shipbuilding company, American Shipbuilding Company (AmShip.) AmShip was started by his father. AmShip went bankrupt in the 1992 but Steinbrenner has ties through his son in law to Maritime Towing. His principal source of income is the Yankees themselves, believed to be unique in baseball if not sports. Yankees limited partners have included James M. Nederlander, Marvin Goldklang, John Henry, and Jeffrey Loria. A current list is unavailable. Steinbrenner's fortune is almost entirely wrapped up in the Yankees, meaning he is worth around a billion dollars.

UPDATE: The Wikipedia already has started something similar, so why reinvent the wheel. As pointed out by deadteddy8, go to this link and fill in the blank owners and correct or add to others.

Comments
2005-06-08 17:40:16
1.   NetShrine
FWIW, I'm pretty sure that Big Stein's wife, Joan, is a holdings partner.

His sons, Harold and Hank are General Partners - as is his son-in-law Steve Swindal.

His daughter Jennifer is a holdings partner - as is Jessica Steinbrenner.

In total, there are about 18 holdings partners, including Barry Halper. Some of them are related to each other - three guys named Crown and three named Nederlander.

2005-06-08 17:49:45
2.   deadteddy8
http://en.wikipedia.org/wiki/List_of_Major_League_Baseball_principal_owners

Here's some information. About half the principal owners do not have pages, however.

2005-06-08 17:55:53
3.   billfer
TIGERS: Mike Illitch
Illitch opened his first Little Ceasar's in 1959 which eventually turned into the largest pizza take out chain in the country. In 1982 he made his first forray into sports ownership when he bought the Detroit Red Wings for $8 million dollars. Ten years later he purchased the Tigers for $85 million. In addition to the above mentioned businesses, Illitch also owns Olympia Entertainment and has a significant foothold in the Detroit real estate market.
2005-06-08 18:25:28
4.   Rob Cook
RANGERS: Tom Hicks

Hicks was the cofounder of the investment firm Hicks, Muse, Tate, and Furst, which according to Wikipedia, is now worth $11 billion. Purchased the Dallas Stars in 1995 for $84 million, then the Rangers in 1999 for $250 million from a group that included current President Bush. Hicks retired from Hicks, Muse in 2004.

Hicks serves as chairman of the Southwest Sports Group, which includes the Rangers, Stars, and the Mesquite Rodeo. Has half-ownership in the Frisco RoughRiders AA team (Mandalay Entertainment owns the other half) and the American Airlines Center. Hicks also has extensive real estate holdings, is the vice-chairman of Clear Channel, a member of the University of Texas Board of Regents, and a Bush Pioneer.

2005-06-09 06:01:38
5.   Knuckles
Will- off topic for this argument but did you see any highlights of the NCAA Softball final?

UCLA's best pitcher pitched every inning of the WS, and pitched nothing but complete games all season long, leading the nation in K's. She's only a Freshman.

2005-06-09 06:46:30
6.   TFD
Carl Pohlad: Banker, Marquette Banks. Worth more than any other owner.

Hmmm....who has the highest payroll again? God it sure is good to be a Twins fan!

At least he decided to kick in 25% of the new stadium. What generosity!

2005-06-09 06:51:59
7.   TFD
BTW, has anyone noticed that the Twins are leading the league in ERA and BB/9 - - in the American League! When's the last time that's happened....MBBR?
2005-06-09 07:07:38
8.   TFD
Does anything notice anything odd here??...

http://www.startribune.com/stories/509/5447440.html

LaVelle, do you remember what paragraphs are?

2005-06-09 07:30:12
9.   ChuckM
TFD forgot to mention that Pohlad originally made his bones as a debt collector during the depression. Nice guy, huh?
2005-06-09 09:43:37
10.   Cliff Corcoran
Don't forget to add that Pohlad has a second-hand man named Smithers and once tried to block out the sun to increase the profits of his nuclear plant.
2005-06-09 10:51:14
11.   misterjohnny
I believe that Jerry Buss of the Lakers gets his primary income from owning the Lakers. He owns real estate (what filthy rich guy doesn't), but I think the Lakers are where his spending money comes from.
2005-06-09 14:27:40
12.   LoneChicken
It's absurd to me to see myself rooting for any ownership group to win a bid for any pro team... But, I keep thinking how Collins has worked decades to get a team into our area. Does any other DC group "deserve" initial ownership of the Nats more than Collins?

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