Owner

The owner of a team is a person who possesses a share of its capital; most teams have more than one owner. The "principal owner" or "general partner" is the person who either holds a majority share of the team's capital, or is mandated by his fellow owners to act as their leader and represent them to the outside world. The owner ultimately receives revenues generated by the team and is responsible for covering expenses, such as player salaries, equipment, ballpark costs, etc. He is also responsible for losses that may be incured.

In Major League Baseball, the owners are the ones who select the Commissioner and form one side in negotiating the Collective Bargaining Agreement with the Players' union.

See Also

• List of Major League Baseball principal owners
• SABR's team ownership histories page

Further Reading

• Nancy Armour: "Next time billionaire team owner comes looking for a handout, remember their cruelty toward employees", USA Today, March 26, 2020. [1]
• John Helyar: The Lords of the Realm: The Real History of Baseball, Ballantine Books, New York, NY, 1994. ISBN 0345465245