Ted Lerner has stepped down as the managing principal owner of the Washington Nationals, and his son, Mark D. Lerner, has been named to the role in his place.
The Nationals announced Thursday that the younger Lerner was approved at Major League Baseball’s quarterly owners’ meeting to take the reins as the organization’s official “control person.”
The Lerner family has owned the Nationals since they moved to Washington from Montreal in 2006. The elder Lerner, 92, was born and raised in the District and made his career as a real estate developer.
“Owning a baseball team in my hometown had long been a dream of mine,” Ted Lerner said in a statement.