Pogotheostrich wrote: Matthias wrote:
thedude wrote:Well i am sure Ripken would be more of a figure head/ minority owner. There is no way he has the cash to buy even half of a baseball franchise.
This was my first thought as well. He would make for a great frontman but wouldn't possess much in the way of control/ownership stake.
Ownership yes but control could be a different issue. Isn't Lucchino a minority owner in the Red Sox? He seems to a lot of power within the organization.
At the grace of John Henry. There's an adage that, in a privately-held firm, 50.1% of ownership is worth everything and 49.9% is worth nothing.
Lucchino's influence stems from his position as club President and CEO. But he could be forced out if the rest of the ownership group decided to get him out. I don't know the ownership structure, if John Henry has controlling interest or merely the largest interest (51% vs say 35%). But being a minority owner means you're basically just there along for the ride.