Nintendo of America sells the majority of its interest in the Seattle Mariners to the current ownership group, First Avenue Entertainment LLLP, retaining a 10% stake in the team. CEO Howard Lincoln retires from day-to-day operations, with John Stanton replacing him as the Chairman and CEO, and the designated Major League Baseball Control Person.
The Baseball Club of Seattle, LP, assumes control of the Mariners. The Board of Directors includes John Ellis (chairman), Minoru Arakawa, Chris Larson, Howard Lincoln, John McCaw, Frank Shrontz and Craig Watjen. Chuck Armstrong is named President.
The Mariners are purchased by a partnership of Jeff Smulyan, Emmis Broadcasting, Michael Browning and the Morgan Stanley Group, Inc. Smulyan assumes the role of chairman.
George Argyros becomes principal owner of the Mariners, purchasing majority interest in the club. The sale was approved by the AL on Jan. 29.
Partners Stanley Golub, Danny Kaye, Walter Schoenfeld, Lester Smith, James Stillwell Jr. and James A Walsh