How Major League Baseball Owners Bought Their Teams

Major League Baseball team owners come from various backgrounds, including self-made billionaires and family-owned franchises passed down through generations. Their different paths to ownership, sources of wealth, and management styles have all played key roles in shaping the success of their teams and the communities they serve. These influential figures have made a lasting impact on America’s pastime, leading their clubs through both challenges and successes on and off the field.

Major League Baseball Team Owners

Arizona Diamondbacks

Ken Kendrick has been with the Arizona Diamondbacks since they started in 1995 and became the managing general partner in 2004. He made his fortune by founding Datatel, a company that provided software for educational institutions, which later merged into Ellucian and was sold for $3.5 billion. Kendrick and a group of investors bought the Diamondbacks for $130 million. Throughout his tenure, he’s focused on financial stability and has been instrumental in reducing the team’s debt while guiding them through multiple playoff appearances. Besides his work with the team, Kendrick has also been active in developing downtown Phoenix and has donated over $80 million to local charitable causes.

Atlanta Braves

Liberty Media owns the Atlanta Braves, having purchased the team in 2007 for around $450 million from Time Warner. Founded by John C. Malone, Liberty Media is a major player in the media and entertainment sectors, with interests ranging from cable TV to satellite radio. The acquisition of the Braves was part of their broader strategy to diversify into sports and entertainment. The team operates under Liberty Media’s wide-ranging umbrella, benefiting from their extensive resources and business expertise.

Baltimore Orioles

David Rubenstein, co-founder of The Carlyle Group, became the new owner of the Baltimore Orioles in 2024. He purchased the team from the Angelos family for $1.725 billion, marking a significant change in ownership. Rubenstein’s wealth primarily comes from his success in private equity, and as a Baltimore native and lifelong Orioles fan, he brings a personal connection to the team. This transition ended the Angelos family’s three-decade ownership of the franchise.

Boston Red Sox

John W. Henry and Tom Werner own the Boston Red Sox through Fenway Sports Group. They bought the team in 2002 for $700 million, including $40 million in debt. Henry made his fortune in commodity trading, while Werner is known for his work in television production and previous ownership of the San Diego Padres. The group has been instrumental in preserving Fenway Park and led the team to multiple World Series victories in 2004, 2007, 2013, and 2018. They also own Liverpool Football Club, expanding their influence in sports.

Chicago Cubs

The Chicago Cubs are owned by the Ricketts family, who bought the team in 2009 for $845 million. This deal included a 95% ownership of the Cubs, Wrigley Field, and a stake in Comcast SportsNet. Tom Ricketts, the family’s chairman, co-founded Incapital LLC, an investment bank. Under Ricketts’ leadership, the Cubs have focused on renovating Wrigley Field and developing a solid farm system rather than spending excessively on free agents. This approach aims to create a sustainable, competitive team for the long term.

Chicago White Sox

Jerry Reinsdorf has owned the Chicago White Sox since 1981, buying the team for $19 million. He made his money as a tax attorney and through real estate. Reinsdorf also owns the Chicago Bulls and has played a vital role in both sports. Under his ownership, the White Sox won the 2005 World Series and several division titles. Recently, Reinsdorf has been pushing for a $1 billion subsidy for a new stadium in Chicago’s South Loop, aiming to create a vibrant new area with housing and entertainment options.

Cincinnati Reds

Bob Castellini has owned the Cincinnati Reds since 2006, buying the team for $270 million with a group of investors. He comes from a family business background, running Castellini Co., a major fruit and vegetable wholesaler in the Midwest. Castellini has focused on developing young talent and keeping the team competitive despite a limited budget. The Reds have a storied history, including five World Series titles, with their most recent championship in 1990.

Cleveland Guardians

The Cleveland Guardians are owned by the Dolan family, with Paul Dolan serving as the Chairman and CEO. They bought the team in 2000 for around $323 million, with their wealth coming from various business ventures and legal work. In 2022, David Blitzer became a minority owner, holding 25-30% of the team, with the potential to increase his stake in the future. Matt Kaulig, a local businessman and NASCAR team owner, also joined the ownership group as a minority owner.

Colorado Rockies

Dick Monfort, along with his brother Charlie, has owned the Colorado Rockies since they bought the team for around $190 million in 1992. Their wealth comes from the Monfort Companies, which are involved in beef processing and real estate. As CEO, Dick Monfort is known for being hands-on, often interacting with fans and attending games. He’s made significant improvements to Coors Field, focusing on creating a fan-friendly environment. Despite criticism over the team’s performance, Monfort remains actively involved and committed to the franchise.

Detroit Tigers

Chris Ilitch owns the Detroit Tigers, having taken over after the passing of his father, Mike Ilitch, in 2017. The Ilitch family bought the Tigers for $85 million back in 1992. Chris runs Ilitch Holdings, which includes businesses like Little Caesars Pizza, the Detroit Red Wings, and properties like Little Caesars Arena. The family has made their fortune from these ventures, and Chris is keeping the family’s approach by focusing on leadership and investing in the team and the Detroit community. He’s known for maintaining the family’s legacy and staying involved in all aspects of their business.

Houston Astros

Jim Crane purchased the Houston Astros in 2011 for $680 million, later adjusted to $630 million after the team moved to the American League. Crane, who made his fortune through Crane Capital Group and its subsidiaries, including Crane Worldwide Logistics and Champion Energy Services, has been a pivotal figure in the team’s success. Under his ownership, the Astros have won two World Series titles in 2017 and 2022. Crane is known for his significant investments in the team, maintaining a competitive payroll, and utilizing advanced technology for player development despite facing controversies like the sign-stealing scandal.

Kansas City Royals

John Sherman became the owner of the Kansas City Royals in November 2019, leading a group that bought the team for nearly $1 billion. Before this, he was a minority owner of the Cleveland Guardians and made his fortune in the energy sector through companies like Inergy, LP, and LPG Services Group. Sherman’s ownership group includes notable figures like Paul Edgerley and actor Eric Stonestreet, who bring diverse experience and skills to the franchise. Sherman’s leadership has focused on maintaining the Royals’ presence in Kansas City and exploring plans for a new downtown ballpark.

Los Angeles Angels

Arte Moreno bought the Los Angeles Angels in 2003 for $183.5 million from The Walt Disney Company. He made his money in outdoor advertising, selling his company, Outdoor Systems, for $8 billion in 1999. Moreno is known for his willingness to spend big on players, signing stars like Albert Pujols and Anthony Rendon. Despite exploring a sale of the team in 2022, he decided to stay on as owner, feeling that there was still more to achieve with the team.

Los Angeles Dodgers

Guggenheim Baseball Management, led by Mark Walter, took over the Los Angeles Dodgers in 2012 for $2 billion, marking one of the most significant sports transactions ever. The group includes notable partners like Magic Johnson, Stan Kasten, Todd Boehly, Peter Guber, and Bobby Patton. Since the purchase, they’ve focused on enhancing the team’s success on the field and the infrastructure, including upgrades to Dodger Stadium. Walter’s net worth is around $5 billion, placing him among the top MLB owners in terms of wealth. Under their ownership, the Dodgers have remained a strong contender, highlighted by their 2020 World Series win.

Miami Marlins

Bruce Sherman became the principal owner of the Miami Marlins in 2017, purchasing the team for $1.2 billion. He made his wealth through investments in newspaper companies like Knight-Ridder and The New York Times Company. Initially, Derek Jeter was part of the ownership group with a 4% stake and served as CEO until his departure in 2022. Sherman has focused on building a competitive team and enhancing the fan experience, aiming to bring the Marlins back to postseason contention.

Milwaukee Brewers

In 2005, the Milwaukee Brewers were purchased by Mark Attanasio for $223 million. He co-founded Crescent Capital Group, an investment firm, which has significantly contributed to his wealth. Under his ownership, the Brewers have become one of the most competitive teams in the National League, regularly reaching the postseason. Attanasio has invested heavily in the American Family Field and has been deeply involved in community efforts, raising over $55 million for local non-profits through the Brewers Community Foundation.

Minnesota Twins

The Minnesota Twins are owned by the Pohlad family, who bought the team in 1984 for around $44 million. The Pohlads’ wealth stems from banking and real estate investments. Jim Pohlad has been the principal owner, and his nephew Joe Pohlad has recently taken on more responsibilities. Under their leadership, the team has achieved notable successes, including World Series titles in 1987 and 1991. The Twins are currently valued at $1.46 billion, and the family remains committed to the team’s future and community involvement through initiatives like the Twins Community Fund.

New York Mets

In 2020, Steve Cohen acquired the New York Mets for a record $2.4 billion, becoming the wealthiest owner in Major League Baseball. Cohen’s fortune comes from his success in hedge funds, primarily through Point72 Asset Management and previously S.A.C. Capital Advisors. With a net worth of approximately $16 billion, he holds a 97% stake in the team. Cohen has made significant investments in the Mets, both in terms of player acquisitions and facility upgrades. Despite some past controversies, he is actively involved in the team’s operations, aiming to create a highly competitive and successful franchise.

New York Yankees

Hal Steinbrenner has owned the New York Yankees since 2010, following the death of his father, George Steinbrenner. The Steinbrenner family bought the team in 1973 for $10 million and has since made it one of the most valuable franchises in sports. Hal has a net worth of around $1.3 billion, primarily from his ownership stake in the Yankees and investments in other ventures like the YES Network and AC Milan. Under his leadership, the Yankees have continued to invest heavily in top talent, including signing star players like Aaron Judge. While the team has faced challenges in winning another World Series, they remain a dominant force in Major League Baseball.

Oakland Athletics

John Fisher has owned the Oakland Athletics since 2005, purchasing the team for $180 million alongside Lew Wolff. He inherited his wealth from his parents, who founded Gap, Inc., and also has investments in other sports franchises like the San Jose Earthquakes and Celtic FC. Despite being worth an estimated $2.2 billion, Fisher has faced criticism for maintaining a low payroll and handling the team’s operations, including the controversial decision to relocate to Las Vegas. The Athletics are valued at around $1.1 billion, a significant increase from Fisher’s original investment.

Philadelphia Phillies

John S. Middleton is the principal owner of the Philadelphia Phillies. He began investing in the team in 1994 and eventually increased his stake to about 48% by 2014. Middleton’s wealth comes from selling his family’s cigar business, John Middleton Inc., for $2.9 billion in 2007. He has been actively involved in running the team and is known for not shying away from spending big on top players like Bryce Harper. Under his ownership, the Phillies have maintained a competitive edge with a substantial payroll and high-profile signings.

Pittsburgh Pirates

Since 2007, Bob Nutting has been the principal owner of the Pittsburgh Pirates, with his family’s involvement beginning in 2002 when they bought the team for $92 million. The Nutting family’s wealth comes from Ogden Newspapers, a company that owns numerous publications across 12 states. Nutting has faced criticism for the team’s low payroll, but he has overseen periods of success, including playoff appearances from 2013 to 2015. Recently, he has taken a more active role in team decisions, such as re-signing key player Bryan Reynolds, hinting at a shift in his management style.

San Diego Padres

Peter Seidler, who was born into a family with a rich baseball history, took over the San Diego Padres in 2012. His grandfather had previously owned and relocated the Brooklyn Dodgers, setting a precedent for baseball management in the family. Seidler and his partners bought the Padres for $800 million. His background in finance was evident in his leadership, as he founded and managed Seidler Equity Partners. This experience helped him significantly increase the team’s payroll, aiming to build a more competitive squad.

San Francisco Giants

Greg Johnson now leads the San Francisco Giants, following in the footsteps of his father, Charles B. Johnson, who first bought the team in 1993. Charles, with a background in finance through his role at Franklin Templeton Investments, was part of a group that secured the Giants for about $100 million, ensuring the team’s presence in San Francisco. Adding to the family’s legacy, Buster Posey, a former player known for his remarkable career with the Giants, joined the ownership group in 2022. This move blends the rich history of the team with a fresh perspective, bridging generations and extending the legacy of the Giants with insights from someone who has both played and now helps manage the team.

Seattle Mariners

John W. Stanton, a seasoned businessman in the telecommunications field and former chairman of McCaw Cellular and Clearwire, became the majority owner of the Seattle Mariners in 2016. His acquisition was part of a deal where Nintendo of America sold its controlling stake, placing the franchise’s value at around $1.4 billion. Stanton’s extensive experience also includes roles on the boards of major companies like Microsoft and Costco, enhancing his leadership qualities for the Mariners. Committed to boosting team performance and fan engagement, he emphasizes community connections in the Northwest, aiming to enrich the baseball experience for local and regional supporters.

St. Louis Cardinals

William O. DeWitt Jr. bought the St. Louis Cardinals in 1996 for $150 million as part of a group that purchased the team from Anheuser-Busch. DeWitt, with a rich background in baseball ownership, was in charge of acquiring the team and associated assets. After selling some properties included in the deal, the net cost to the ownership group was about $100 million. This purchase began a new era for the Cardinals, significantly increasing the franchise’s value over time and establishing it as one of the most valuable teams in Major League Baseball.

Tampa Bay Rays

Stuart Sternberg has owned the Tampa Bay Rays since 2005, after buying a 48% stake in 2004 for $65 million and later becoming the controlling owner. Sternberg, a former Wall Street investor and Goldman Sachs partner, rebranded the team from the Devil Rays to the Rays in 2008, changing their image and team colors. Under his ownership, the Rays have become a consistently competitive team, reaching the World Series in 2008 and 2020 despite operating in a smaller market. Sternberg’s management style focuses on analytics and financial efficiency, helping the team punch above its weight.

Texas Rangers

Ray Davis has been the majority owner of the Texas Rangers since 2010, after buying the team for around $593 million with Bob Simpson and other investors. Davis, who made his wealth in the energy industry through Energy Transfer Partners, has played a key role in the team’s operations. Bob Simpson, also a co-owner, co-founded XTO Energy and shares a similar background in the energy sector. Under their leadership, the Rangers have seen significant milestones, including their first World Series championship in 2023, along with investments in the team’s roster and facilities.

Toronto Blue Jays

The Toronto Blue Jays are owned by Rogers Communications, which purchased the team in 2000 for $165 million. This acquisition included a 70% stake from Interbrew and a 10% stake from the Canadian Imperial Bank of Commerce. In 2004, Rogers bought the remaining 20% to gain full ownership. Edward Rogers, chairman of both Rogers Communications and the Blue Jays, plays a significant role in the team’s management. Under Rogers’ ownership, the team has benefited from substantial financial backing, including a recent $300 million renovation project for Rogers Centre aimed at enhancing the stadium’s facilities and fan experience.

Washington Nationals

The Lerner family owns the Washington Nationals, having bought the team in 2006 for $450 million from Major League Baseball. The family’s wealth comes primarily from real estate, with Ted Lerner founding Lerner Enterprises, a major real estate development company in the Washington, DC area. After Ted Lerner’s passing in February 2023, his son, Mark Lerner, became the principal owner. The Lerners have been instrumental in significant team developments, including building Nationals Park and leading the team to a World Series victory in 2019. Despite recent talks of a possible sale, the family has decided to keep the team under their ownership.

The owners of Major League Baseball teams often share a deep passion for the game, rooted in childhood dreams of being involved in the sport. They have the unique chance to shape the direction of their franchises and contribute to baseball’s rich history. As stewards of the game, these owners are key to preserving the magic of America’s pastime while adapting to the changing sports landscape, ensuring future generations can enjoy the excitement of the game.