After nearly a quarter of a century, Nintendo of America will sell its majority share in the Seattle Mariners to the other limited partnership owners of the baseball franchise. The sale will leave NoA with 10 percent ownership of the team and cause former NoA chairman Howard Lincoln to vacate his position as Mariners chairman and CEO. The stake in the team was original purchased by late Nintendo President Hiroshi Yamauchi in 1992, in a show of appreciation to the citizens of NoA’s native Washington.
The sale was made for $125 million USD and allowed the team to remain Seattle-based. At present the Mariners have a worth of $1.4 billion USD. Lincoln, who originally acted as an ownership representative for Yamauchi, had the following to say regarding the sale:
“From the first day of our involvement nearly 24 years ago, Nintendo has had two goals for its investment in the Mariners. First, we wanted to assure the permanence of the team in this great city. And on that count, I am proud and gratified that this agreement further solidifies that goal. On the other hand, I’m equally disappointed that we have not been able to host a World Series game for our fans.” —
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