Who is the owner of Phillies?

One of Philadelphia's best kept secrets is the ghost group of people loosely call the Phillies owners. The property group Phillies' was more of a mystery in this city as Bigfoot or the Bermuda Triangle.

While winning the World Series in 2008, took a lot of heat from the owner Phillies have renewed their hatred of the fans faceless, nameless people we never see or hear if the club treated for Cliff Lee Case probably saving $ 9,000 .000Bucks. Now it's time for us in this spirit that Phillies remain invisible to all graduates, are investigated. David Montgomery is the owner, so many years of horrible baseball, before permission to speak in 2008, happiness, and to ensure that fans never know who they really are.

David Montgomery, said recently that the Phillies are in red and the owners were, as noted by the team. HA! I think we should all bow down and thankthese wonderful people selflessly to throw away their hard-earned money for our enjoyment. Right. Montgomery was not a lie, but he certainly was bending the truth and all the politicians out there. I bet they have to lose money ... in their operating costs. But the value of the team is a completely different story. Put it this way: The original group bought the team in 1981 to $ 30,000,000. The 2008 Phillies were reportedly worth 481 million U.S. dollars (that is, beforeWinning the World Series). This is more than a 1,600 per cent the value of the team ... 1,600 percent! Trust me, they're not losing money.

Before revealing the ghosts Phillies talk about how exactly they arrived the owner. In 1981, when it became ruly Carpenter announced the sale of the team, put together a group of investors Bill Giles, the Phillies. With only $ 50,000 to spend his own, he needed a little help. He took a share of 10 percent of the team,oversaw the day to day, and became the spokesman for the group so that others hide in the shadows.

Buck Brothers invested $ 5,000,000. Widener family heir Fitz Dixon and horse racing magnate Bob Levy combined $ 3,500,000. John D. Betz of Betz Laboratories committed $ 5,000,000. Taft Broadcasting took care of the rest, and threw in $ 15,000,000.

In 1986, Taft Broadcasting sold its 47 shares per cent by Bill Giles and the crew of $ 24.1Million €. Fitz Dixon and Bob Levy were collected. Bill Giles handed over his position as general partner, David Montgomery in 1997, on a sliver of society.

That leaves Claire Betz, the brothers Buck, and John Middleton anonymous sources as desired. Let's see what you can dig, are there? We meet the cast:

Claire S. Betz
Claire S. Betz is approaching the age of 90 years and divides his time between homes in Gwynedd, PA and KeyLargo, Florida. Claire's husband, John Drew Betz, bought his share of the Phillies in 1981 and has become the center of a lot 'of soap opera. See, his son, Peter Pitts, was murdered by her 16 year-old nephew Justin Betz, in 1988. Justin pleaded guilty to third degree murder, and John died of cancer at the age of 72 during the process. This is when she took part. The Inquirer Bill Conlin assessed their share to 33 percent of the team in November 2007Article.

The Betz 'made their fortune from a family of water purification systems company Betz Laboratories, of which John was the President Betz. Betz Laboratories was sold to General Electric. She and David Montgomery is also on the board of the Schuylkill Center, a local conservation organization. When Claire dies, the other partner is likely to buy shares.

The Buck Brothers
The Buck brothers: Alexander K. Buck, J. Mahlon Buck, Jr. and WilliamC. Buck. Officially known as the Tri-Play Associates, three brothers are involved with the PA TDH Capital Corp., a venture capital company based in Radnor. The company was founded in 1977 and invests primarily in small businesses.

They were also heavily involved in local charities, including donations to the orchestra zoo, and education. "The Bucks are very simple. Very, very elegant. Very, very private, JB Doherty, general partner, said TDHCapital.

John Middleton
John S. Middleton is in his mid-fifties, and divides his time between the Bryn Mawr and Stone Harbor. He is a 1977 graduate of Amherst College, and after them, "Middleton heads his family business, the McIntosh Inns, Bradford Holdings, and Double Play, Inc. include" He inherited his share of ownership of his father, Herbert H. Middleton. He is also on the Board of Trustees of Penn Medicine.

John was the closest thing toPassion from the group. It says, Middleton was a big reason why the Phillies signed Jim Thome in 2002. He was assigned as a statement: "I'll pay for you"

It 'was announced in November 2007 that Middleton had his family's cigar company Altria Group, owner of Phillip Morris, which sold for $ 2,900,000,000th Fans had a brief moment of hope that maybe, just maybe, we might have a property committed to winning . David Montgomery stop these dreamsimmediately. In a statement, Montgomery said: "John Middleton is a limited partner with the Phillies and his personal interests and work have no impact on the functioning of the ball club." This statement is strong enough to Montgomery very mild mannered. As you learn quickly that is exactly what can be restricted to a limited partner. But when John Middleton could somehow take a majority stake, was able to call the shots and says Montgomery met on the street, ifhe wanted.

Hard to say, even if Middleton is trying to buy the team, but the program in a ceremony in 2004 in Amherst said .. "Montgomery is organizing the exhibition, said that just because parts of the middle, and this Partner this is fairly well known that John S. Middleton has an outlier on some points behind -.. money to sign Jim Thome was thought to be one of them "

David Montgomery
Bill Giles hired in 1971 by David MontgomeryJobs in the Phillies Ticket 'sales and later became Director of Sales. The current group bought the team, Giles Montgomery ordered his top assistant in 1982. Most likely it was his most revealing quote: "I just believe the organization an image that is not directly linked to the profits and losses of need."

Bill Giles
Giles started with the Phillies as vice president of commercial operations in 1969. E 'team was the vice-president until 1982, team president of1982-1987, and director general from 1984 to 1987. Giles decided, as a general partner in 1997 and took the title of managing partner. He is the son of former National League president Warren Giles and the current honorary president of the National League.

Limited Partners

Before proceeding, it is useful to know what it means to be a limited partner. Bill Conlin best describes in detail in his article on the partnership, but here is theCliff's Notes version. Principle (was Giles, Montgomery now) the general partner collects the group is negotiating the sale of the team, is responsible for all debts and credits, and get a dime more in the form of a salary.

So, what it means to be a limited partner? This means that they are their investment and limited. Not like what's going on? He wants to get rid of David Montgomery? Too bad. When he decided to tag as limitedPartners, have given all the power, the general partner.

As Conlin said Montgomery, "If you want to try misfeasance or bad, it's hard to sell to him." He says that, probably, also signed an agreement not to publicly criticize the Phillies' lead. Especially in a situation like Marge Schott, many years ago when David Montgomery does not want to leave, he will not. It 's so simple.

Moving On

We have no reason to hateThe people running the team. We do not know them, and have not done anything illegal or unethical, we know. In fact, they seem very principled and noble people.

However ...

The purchase of a professional team sport is not just another investment where you have your broker can do all the work and call you every now and then with an update. Especially if the city and the state needs 260 million U.S. dollars to build the new baseball stadium, havethe right to "vigorously private" Middleton has been given as described by Amherst.

We have a rare opportunity to size with the current team. We have the advantage of the moment, while we can take, and our ownership group has shown us repeatedly that they do nothing to help. We have already missed the train again to Cliff Lee out of power. We say stop right there and out of here.

Just imagine for a second, different things would be like ifsomeone like Pat Croce, Ed Rendell, or even vicious Comcast Spectacor ran the team ....

Do not hold your breath. We are not a new owner. Many have tried, and none has succeeded. The Bucks, the Bates', and take around Middleton delivered their shares to each other until we are all ghosts, just like them.

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