Menu
Leagues and Governing Bodies

MLB TO ALLOW OWNERS TO HOLD LIMITED SHARES IN TWO TEAMS

          At the MLB meetings in Milwaukee, owners "approved a
     rule change allowing one person to own shares" in more than
     one MLB team, according to the AP.  MLB Commissioner Bud
     Selig: "Under a stringent sort of circumstances, a person
     can own less than five percent interest in two teams." 
     Selig said that no owner is currently in that category and
     that move was "nothing very significant."   Also at the
     meetings, owners approved the transfer of operating control
     of the Brewers from Selig to his daughter, Wendy Selig-
     Prieb.  Selig's stock in the team will be placed in a trust. 
     In other news, MLB COO Paul Beeston reported on how MLB "can
     increase its international presence, but no decisions were
     made."  Selig also discussed revenue sharing (AP, 9/18).  In
     Milwaukee, Michael Bauman examines the revenue disparity in
     MLB, and writes that despite the "dramatic" home run chase,
     the game "is still sick" (MILWAUKEE JOURNAL SENTINEL, 9/18).
          ALLEN TOWN: An MLB exec told Geoff Hobson of the
     CINCINNATI ENQUIRER that despite the future of the Reds'
     ownership being "in limbo," the team's Managing Exec John
     Allen has "done a tremendous job and you can count on it,
     he'll have a job in baseball" (CINC. ENQUIRER, 9/18).

SBJ Morning Buzzcast: April 23, 2024

Apple's soccer play continues? The Long's game; LPGA aims to leverage the media spotlight

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

NBC Olympics’ Molly Solomon, ESPN’s P.K. Subban, the Masters and more

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Molly Solomon, who will lead NBC’s production of the Olympics, and she shares what the network is are planning for Paris 2024. Later in the show, we hear from ESPN’s P.K. Subban as the Stanley Cup Playoffs get set to start this weekend. SBJ’s Josh Carpenter also joins the show to share his insights from this year’s Masters, while Karp dishes on how the WNBA Draft’s record-breaking viewership is setting the league up for a new stratosphere of numbers.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1998/09/18/Leagues-Governing-Bodies/MLB-TO-ALLOW-OWNERS-TO-HOLD-LIMITED-SHARES-IN-TWO-TEAMS.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1998/09/18/Leagues-Governing-Bodies/MLB-TO-ALLOW-OWNERS-TO-HOLD-LIMITED-SHARES-IN-TWO-TEAMS.aspx

CLOSE