Today, the Washington Nationals announced that Theodore N. Lerner has stepped down as Managing Principal Owner of the team. His son, Mark D. Lerner, will now serve in this role. Mark has served as one of the principal owners of the Nationals since the Lerner family purchased the team in July 2006. Major League Baseball formally approved Mark as the team's "control person" earlier today during its quarterly ownership meeting in New York City.
"Owning a baseball team in my hometown had long been a dream of mine," said Ted Lerner. "Twelve years ago, when Major League Baseball selected my family as the owners of the Washington Nationals, I could not have been happier.