Inside The Phillies

Philadelphia Phillies to Undergo Change With Ownership Group

The Philadelphia Phillies will be making a change to their ownership group in a rare move according to reports.
Kade Kistner|
Eric Hartline-USA TODAY Sports

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Philadelphia Phillies

The Philadelphia Phillies will be undergoing some change in the coming weeks. 

According to MLB.com, the Phillies will be making changes to their current ownership group. 

The Buck family will be selling close to a third of their ownership stake in the club to Stanley C. Middleman.

Middleman is a native of Philadelphia and founded Freedom Mortgage.

Of course, this move will need approval from MLB, but according to the reports, they hope to have the deal closed by next month.

Majority owner John Middleton made a statement on Middleman's addition to the ownership group as a limited partner.

“This is a significant moment in our partnership’s history, as it is only the second time in over 40 years that we have added a new partner,” Middleton said. “As evidenced by the great success of Freedom Mortgage, Stan is driven to succeed. I admire his passion, commitment and perseverance in building his business. Those qualities, and many more, make Stan an important addition to our ownership group, and we are excited to welcome him to this organization.”

This addition to the ownership group will likely have little to no effect on the day-to-day running of the team. But having a new ownership partner onboard that grew up a Phillies fan is always unique. 

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Kade Kistner
KADE KISTNER

Kade Kistner is the publisher and beat writer for Sports Illustrated's Inside the Phillies. An alumnus of Tulane University, Kade graduated in 2017 with a degree in Latin American Studies and a minor in Spanish. Upon graduation, Kade commissioned into the United States Navy and attended Naval Flight School in Pensacola, Fl. He served as a Naval Aviator and was stationed in Jacksonville, Fl.  During his time in school and the Navy, Kade began covering the MLB and NFL with USA Today, SB Nation, and Sports Illustrated.  Kade covered the New Orleans Saints, Texas Rangers, and numerous other teams within the Sports Illustrated network before launching Inside the Phillies, Inside the Astros, and Inside the Cubs. You can follow him on Twitter at @KadeKistner, or if you have any questions or comments he can be reached via email at kwkistner@gmail.com.

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