Nintendo Selling Its Ownership Stake of Seattle Mariners
Another big announcement has been made by Nintendo regarding the future of the company. In addition to revealing the NX and Zelda release dates, Nintendo of America announced today that it was selling its ownership stake in the Seattle Mariners MLB team.
Nintendo of America will be selling its large stake of the Baseball team to a group of current team minority owners, led by John Stanton. Stanton’s group will now own roughly 90% of the team, and also an interest in the Mariners regional sports network, ROOT Sports. Stanton will also take over daily operation of the team.
Then-Nintendo president Hiroshi Yamauchi purchased a majority stake in the team back in 1992. The location was perfect, because the team played in Seattle and Nintendo of America’s headquarters was not that far away in Redmond, WA. The purchase helped keep the team in Seattle.
As both a sports fan and videogamer, I always enjoyed seeing various Nintendo advertisements during Seattle Mariners games. It was one of the few instances where two things that I love intertwined. I will definitely miss seeing Splatoon billboards behind home plate.
If approved by Major League Baseball, the new ownership will start in August.