With an approval vote from the Major League Baseball owners on Thursday at the MLB quarterly meetings in Houston, the Seattle Mariners finalized their ownership transfer on Friday morning.
The sale of Nintendo of America’s majority ownership interest in the franchise to other members of club’s ownership group, led be John Stanton, is officially closed as outlined in the announcement made on April 27.
Nintendo of America will retain a 10 percent stake in First Avenue Entertainment LLLP (FAE), the limited partnership that owns the Mariners and a majority interest in ROOT SPORTS Northwest. It means the ownership percentage has shifted within the group of ownership with no new members being added.