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Major League Baseball’s (MLB) Philadelphia Phillies have added Stanley Middleman to their ownership group, with the founder and chief executive of Freedom Mortgage acquiring a minority stake in the franchise.
Confirmed:
- Middleman to acquire one-third of the Buck family’s interest in the team
- Freedom Mortgage founder to own 16.25 per cent stake, with the Buck family’s share dropping to 32.5 per cent
- Other Phillies minority owners include Pat Gillick and the Montgomery family
- Deal subject to league approval
Context:
Middleman becomes the second addition to the Phillies’ ownership group in over 40 years. John Middleton remains the team’s managing partner, chief executive and MLB control person, owning a 48.75 per cent stake in the team.
Comment:
“I’m delighted to be joining such a wonderful organisation,” Middleman said in a statement. “It truly is a dream come true.
“Having grown up in Philadelphia, and spending my childhood as a huge Phillies fan, I feel truly blessed to have such an amazing opportunity in my lifetime. My family and I hope we can be a small part in the continuing success of this world-class sports organisation.”
Coming next:
Middleman will get his chance to watch the Phillies from the owners’ suite on 8th June when the team host the Detroit Tigers.
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