arizona diamondbacks minority owners

In 1990 the Arizona Legislature passed legislation that created a Maricopa County stadium district governed by the county Board of Supervisors. "It doesn't make any sense. Cronkite School at ASU Cohen also disputes the assertion that partners holding interests of less than 1% somehow undermines the financial stability of the club or disrupts management. Both are diehard Diamondbacks fans and season-ticket holders. In subsequent seasons Showalter clashed with Garagiola over the direction of the club. Barroway became the sole owner of the Arizona Coyotes in June of 2017. 7. In-depth coverage of the Valleys real estate market and whats being built and redeveloped in your city. By the time the Diamondbacks played their first game at Bank One Ballpark, metropolitan Phoenix was home to teams in all four major professional leagues. By the end of the 2004 season, the club owed more than a quarter of a billion dollars in deferred salaries.26. Carlisle Investments has been a part of the ownership group from 1998 with Molina and Weber buying stakes in 2004, when the team had an operating deficit of $300MM. Accessed June 3, 2016: http://foxsports.com/arizona/story/cactus-league-stadium-guide-salt-river-fields-arizona-diamondbacks-colorado-rockies-022416 ; Cactus League: Salt River Fields, azcentral.com, February 24, 2016. All Rights Reserved. Diamondbacks partners were called upon to make pro rata contributions towards legal, accounting and consulting fees. MLB, for instance, approves the sale of any equity in a club. Moreover, he believed that unless the Diamondbacks fielded an immediately competitive team, they would not gain a foothold in the increasingly tight market for Arizona sports fans dollars. For more details on the lawsuit, including reading the actual document, I recommend reading the linked article from The Athletic. Colangelo transformed the Suns into one of professional basketballs best managed and most consistently successful franchises. Ownership | Arizona Coyotes Moreover, the Arizona branding of the Diamondbacks was in keeping with the previous round of baseball expansion, which brought the Florida Marlins and Colorado Rockies into existence.20, As general manager the Diamondbacks in June 1995 hired Joe Garagiola Jr., one of the founding fathers of big-league baseball in Phoenix. 19 Bob McManaman, Colangelo Winds Up to Make Big Pitch, Arizona Republic, February 19, 1994, A1, A20. The Diamondbacks apparently no longer classify the plaintiffs as limited partners. Part Owner of the Arizona Diamondbacks from the Start, 9. The Cleveland Indians announced plans to move their spring-training headquarters from Tucson to Homestead, Florida. Later in 1993, Bruner and Garagiola set up a meeting with Phoenix Suns owner Jerry Colangelo, one of the regions most popular public figures and fervent boosters, to discuss their idea. 9 Robert Logan, Colangelo Quits Bulls to Take Phoenix Post, Chicago Tribune, February 29, 1968, C1; Bob Logan, Colangelo Has Suns Climbing for Summit, Chicago Tribune , May 23, 1976, B3; Lee Shappell, Jerry Colangelo, Arizona Republic, March 12, 1995, BB2; Colangelo Took Bait All the Way to Finals; Kevin Simpson, The Place to Be, The Sporting News, November 7, 1994, S3; Jack McCallum, Desert Heat, Sports Illustrated, May 28, 1990, 50-51; Joe Gilmartin, Suns Colangelo NBA Executive of the Year, The Sporting News, May 16, 1981, 46. Cohen said his clients are not seeking a temporary restraining order, but they reserve the right to do so in the future. The trio is represented by attorney Roger Cohen and his co-counsel, Kathi Sandweiss. This list may not reflect recent changes ( learn more ). Arizona Diamondbacks team ownership history - Society for American 1 Rick Thompson, A History of the Cactus League, Spring Training Magazine, March 1989. Despite his enthusiasm for bringing big-league baseball to the region, the fiscally conservative Bruner drove a hard bargain. Despite never winning the championship, Colangelo earned numerous NBA Executive of the Year Awards, acknowledging both his franchises success and his status as a mover and shaker in league circles.9, In 1987 Colangelo headed a 10-member limited partnership called JDM Partners LLC that purchased the Suns for $44.5 million. The three minority owners in question are Alfredo Molina, CEO of a Phoenix-area jewelry company; Jim Weber, a former professional pitcher; and Carlisle Investments. A trio of Diamondbacks limited partners are taking on the principal owner of the club, Ken Kendrick. By the time he left the Bulls six years later, Colangelo was the franchises director of marketing and its chief scout. They practice in Phoenix at the law firm Jaburg Wilk. In the late 1990s, a family of four could attend a game for well under $50, including tickets, parking, and refreshments.24, On game days, thousands of suburbanites who would likely not have otherwise patronized downtown Phoenix brought their discretionary dollars to the BOB and its environs. Very few succeed. pic.twitter.com/m2n2BoWrVa, D-backs No. It also doesnt guarantee meaningful influence over the franchises direction. It gave ownership of the ballpark to the county and guaranteed the county one-third of the annual earnings from naming rights. The league doesnt want the litigation to progress to pretrial discovery, where attorneys for the plaintiffs could demand that commissioners office staffwho appear to be key witnesses given their interactions with Kendrickturn over sensitive emails, other correspondences and financial records. As of October 2017, these executives have compiled a 1222-1208 (.503) record, [1] five National League West Division titles (1999, 2000, 2001, 2007, 2011), one National League pennant (2001), and one World Series title (2001). Beginning in the mid-1980s, he sought either an expansion team or a relocated franchise. Kendrick is reportedly waiting until after the Angels' sale is finalized to further explore the possibility of selling the minority stake. (In 1998 Bank One acquired the naming rights for 10 years at a cost of $70 million.) Under Kendricks leadership, the Diamondbacks have enjoyed significantly less success on the field. The overwhelming majority of investors chose one of these options. Kendricks role as general partner is central to the case. Stone persuaded Bidwill to join him in building a stadium in the downtown area. In October 1989, nearly 60 percent of Phoenix voters rejected a ballot initiative that would have allowed the issuance of $100 million of the previously authorized bonds for a domed ballpark. Arizona Diamondbacks minority owners sue, say they're being forced out Termination can occur through what is known as a freeze out merger. Garagiola followed Colangelo out the door in 2005. The revenue from the tax helped revitalize existing spring-training facilities and build several new complexes, including one for the Indians, who chose to stay in Arizona, moving to the Phoenix suburb of Goodyear in 1993. He has participated in SABRs Biography Project since 2012. The best guide in Arizona to getaways, concerts and the dining scene. Diamondbacks minority owners sue over alleged forced buyouts Taken together, these claims assert that Kendrick, as the general partner of the partnership, has operated in bad faith by imposing new requirements on limited partners ownership. That brought Stones plans for a domed stadium to an end. Diamondbacks 5, Dodgers 5: The Ties of March, Diamondbacks Spring Gameday Thread, #7: @ Dodgers. Three Arizona Diamondbacks minority owners say they are being forced out of the ownership group illegally and have sued to remain partners or to receive higher payouts for their shares. 6-keys: media/spln/mlb/reg/free/stories, at Bruner and Garagiola persuaded Colangelo to spearhead the effort to bring in a baseball team. The plaintiffs insist that Kendrick is using illegal tactics to purge them from the partnership. ", The attorney for the minority owners, Roger Cohen, said his clients weren't legally required to increase their investment and believed Kendrick's leveraging "had to do with consolidating and increasing the ownership stake of the remaining owners. Its a tech firm that provides tools necessary for efficient process deliveries, price negotiation, and trading. The leadership of former pitching ace Dave Stewart and Hall of Fame manager Tony La Russa, has as of 2016 failed to turn around the fortunes of the franchise, finishing well out of contention in all three seasons of their tenure.28, Since Kendrick became managing general partner, the Diamondbacks have moved into a new spring-training facility, the architecturally striking Salt River Fields at Talking Stick, an 11,000-seat facility in Scottsdale that they share with the Colorado Rockies. ET, Here are the D-backs' 2023 Top 30 prospects, Chafin's goal for '23? Arizona Diamondbacks owner Ken Kendrick wants minority owners who have less than one percent stake in the team to raise their stakes or part ways with the organization. The team was a near-immediate contender for a world championship. Other claims include those for breach of fiduciary duty and breach of implied covenants of good faith and fair dealing. If the offered price to buy them out increases, they might ultimately say yes. In response, the plaintiffs have demanded, in writing, that Kendrick and the Diamondbacks provide evidence that corroborates the buy-up/buy-out ultimatum. Arizona has been home to major-league spring training since the immediate aftermath of World War II. He made it clear to Colangelo that there would be no increase in the 0.25 percent sales tax unless Maricopa County residents received a good deal on the facility. Colangelos Suns had engendered unprecedented enthusiasm in the region for professional sports with an exciting run to the NBA playoff finals that year. Majority control of the Diamondbacks is owned by a four-person investment group that took over the club in 2004 from initial majority owner Jerry Colangelo. Accessed June 10, 2016: http://bizjournals.com/phoenix/stories/2008/03/31/story7.html. A high-school basketball star, Colangelo gained an athletic scholarship to the University of Illinois, where he captained the basketball team and earned All Big-Ten status. Big-league insiders had made it clear to Arizona leaders that public support for a stadium was a prerequisite for serious consideration for a franchise. D-backs tickets are on sale now with home games starting April 6! 12 Mike Padgett, Decision Cost Jim Bruner His Dream of Serving as U.S. Congressman, Phoenix Business Journal, March 26, 2008. Besides his role as the founder of Datatel, Kendrick has spent some time as a banking executive as well. They were approved by the commissioners office, meaning MLB reviewed their financial and legal backgrounds and deemed them sufficient. Kendrick, the . Since 1992, metropolitan Phoenix has hosted the six-team Arizona Fall League, which provides outstanding minor-league prospects with the opportunity to play in a highly competitive atmosphere once their Double-A and Triple-A seasons have concluded. In early 1993, Maricopa County Supervisor and longtime baseball supporter Jim Bruner began discussing the idea of putting together a bid for a forthcoming new round of expansion with a friend, Phoenix sports attorney Joe Garagiola Jr., the son of the baseball personality, player, and commentator. Ken Kendrick - Wikipedia . They also are suing for Breach of Contract and Breach of the Implied Covenant of Good Faith and Fair Dealing, for which they seek compensatory damages. Given MLBs interest in seeing this litigation resolve without being implicated, the league might urge Kendrick to find a solution. The first concerted civic effort to secure a major-league franchise began as metropolitan Phoenix, with almost 2 million residents, became the nations 14th largest metropolitan area in the late 1980s. Through Kendrick, the club retained the consulting firm Bases Loaded. 29 Cactus League Stadium Guide: Salt River Fields at Talking Stick, FoxSports.com, February 24, 2016. The Legislature also authorized the county Board of Supervisors to impose a 0.25 percent sales tax to help finance construction of a baseball stadium if one of the countys municipalities was awarded a franchise.6, Stone continued to pursue a major-league team for Phoenix into the early 1990s. Jim Bruner, who both helped to develop the plan to pursue a baseball team and negotiated the terms of the financing deal with Colangelo, cast the deciding vote for the measure.16, The three supervisors who supported the tax faced serious consequences. Voices, experts and personalities on the right and the left. The same is true of Carlisle Investments, whose principal is Charles Carlisle. 10 NBA Notebook: Pacific, The Sporting News, October 26, 1987, 47; Steve Wilson, When Youre Colangelo, You Gotta Believe, Arizona Republic, January 16, 1994, 10; Norm Frauenheim, Colangelo-Led Group Buys Phoenix Suns, Arizona Republic, October 13, 1987, A1, A2. managing general partner Ken Kendrick, per, According to that report, they are claiming Kendrick and the Diamondbacks ownership group ", The attorney for the minority owners, Roger Cohen, said his clients weren't legally required to increase their investment and believed Kendrick's leveraging ", had to do with consolidating and increasing the ownership stake of the remaining owners. Four of the publicly financed facilities created by the legislation are each shared by two major-league clubs, including the Indians facility in Goodyear, which they share with the Cincinnati Reds. Molina, a jeweler by trade, is chairman and CEO of Molina Fine Jewelers. 11 Baseball Panel Backs Phoenix, Tampa Bay, Arizona Republic, March 8, 1995, A1, A16; DBacks Ownership a Mixed Bag, Arizona Republic, March 30, 1998, C33; Richard Obert, Floating on Air, Colangelo Readies Big Party Today, Arizona Republic, March 11, 1995, C1. The Diamondbacks adopted a quintessentially late 1990s palette of team colors: purple, turquoise, black, and copper. This type of petition captures the essence of the lawsuit. Colangelo believed that taxpayers deserved an immediately competitive club in return for the investment they had made in Bank One Ballpark. This is less than 0.5 percent of the total economic activity in Maricopa County in that same time period. Colangelo persuaded the other partners in Arizona Baseball Inc. to call the team the Arizona Diamondbacks rather than the Phoenix Diamondbacks to cultivate a statewide sense of pride and ownership. After the draft they traded several of the prospects they had selected for veterans like Detroit Tigers third baseman Travis Fryman and Florida Marlins center fielder Devon White. If you buy something from an SB Nation link, Vox Media may earn a commission. More than 2.5 million people attended games at the Bank One Ballpark (nicknamed the BOB) in each of the franchises first seven seasons. ", "Each of those investors was given the opportunity to remain as part of the group by purchasing additional partnership units at a rate determined by a highly respected, independent appraiser. Michael McCann is SIs Legal Analyst. A trio of Diamondbacks limited partners are taking on the principal owner of the club, Ken Kendrick. Besides that, the place has a reputation for being the so-called Jewel of the South.. The Arizona Diamondbacks have had two owners and five general managers in their 20-year history. He did so through a transaction with retired Diamondbacks third baseman Matt Williams, who at the time owned a .5% interest. 555 N. Central Ave. #416 Three minority owners of the Arizona Diamondbacks Alfredo Molina, Jim Weber and limited liability company Carlise Investmentsare suing managing general partner Ken Kendrick, per Zach. Welcome to the Jungle! Watch on MLB.TV or listen on At Bat Saturday as Brandon Pfaadt faces S.D., or listen to the game vs. S.F. Like Scottsdale itself, Talking Stick evokes the Old Southwest with its homages to mission revival architecture, sagebrush surroundings, and views of Camelback Mountain. In particular, it is worth noting his support of prostate cancer research, which is connected to the fact that he is a survivor of said medical condition. The Diamondbacks won the NL West in 2007 and 2011, but more often than not have finished well out of contention, including at least three last-place finishes since 2009. Despite the Diamondbacks more recent struggles in the standings, the steadiness of its leadership transformed the franchise into one of the National Leagues most respected almost immediately. Like other new spring-training facilities in Arizona, Talking Stick was subsidized in large part by the $2.50 rental-car tax that was put in place back in 1990 to revitalize the ballparks of the Cactus League.29, In 2005 Bank One merged with J.P. Morgan Chase, and Bank One Ballpark was renamed Chase Field. The whole saga began on January 13th, when Kendrick sent out a letter to 22 minority owners with ownership stakes of less than 1% to either buy up or be bought out. Attorneys for Kendrick are also poised to assert that the teams buy-up/buy-out requirement is fully compliant with partnership agreements. He and his wife, Randy, have long been conservative political activists. Ken Kendrick, who had been a managing partner since the franchises origins, took over as managing general partner. Arizona Diamondbacks Minority Owner. Very few succeed. Rooser is a new startup in the seafood industry. The suit names AZPB Limited Partnership (Ownership Group), the groups managing partner, and Kendricks wife as the defendants. Three Diamondbacks Minority Owners Sue Managing General Partner Kendrick is interesting in that it has two potential meanings in two languages. The financing deal provided the county with an escalating annual revenue guarantee based on ticket sales while requiring the Diamondbacks to pay for the maintenance of the ballpark. Get your tickets for the Guns N Roses concert on Oct. 11 at Chase Field. Kendrick is the managing general. As a result, Showalter was fired after the 2000 season.21, The win-now approach was clearly the governing ideology of the Diamondbacks by the time of the November 18, 1997, expansion draft. For the fourth count of Breach of Fiduciary Duty, filed specifically against Kendrick and the General Partner, which is AZDB I the plaintiffs also seek punitive damages as they claim Kendricks actions were willful, malicious and performed with evil mind and a conscious disregard for the risk of injury to the plaintiffs. If Molina, Webster and Carlisle Investments prevail on a breach claim, they would be awarded monetary damages. The arrival of major-league baseball in metropolitan Phoenix in 1998 was preceded by a half-century of close ties between the Valley of the Sun, as Phoenix and 9,200-square-mile Maricopa County are widely known, and the big leagues. Miami Heat Basketball Operations. 2004-2023 CBS Interactive. Perhaps unsurprisingly, Kendrick went to school at West Virginia University, which is a school with something of a reputation for research. Colangelo cleaned house quickly and soon restored the Suns to on-court success; they put together a franchise-record streak of seven consecutive 50-win seasons between 1988-1989 and 1994-1995. If it so wishes, a team can have dozens of minority stake owners. The lawsuit claims Kendrick acted illegally when coercing them into either increasing their investment in the team or relinquish their ownership stakes at $60 per unit, a number that the plaintiffs call unfairly discounted. Report: Arizona Diamondbacks' Ken Kendrick among owners who voted His presence would likely have galvanized the already stinging criticism that he and pro-stadium legislators had already faced as a result of the deal. This appraisal indicated that Molina would need to invest another $3.8 million in order to meet the 1% threshold. Later that year, Colangelo and Garagiola hired Buck Showalter as the clubs first manager. Andrew Barroway is the Coyotes' Minority Owner & Alternate Governor. Under Colangelo and Garagiola, the Diamondbacks won division titles in 1999 and 2001 as well as the pennant and World Series in 2001. ET. Owners | History | Arizona Diamondbacks - MLB.com Former Arizona AG Grant Woods Says D-Backs Owner Ken Kendrick Sent Him Diamondbacks Considering Selling Minority Share Of Franchise AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. In 2004, Kendrick became the Managing General Partner for the Arizona Diamondbacks. 18 Mike McCloy, Supervisor Is Shot, Arizona Republic, August 14, 1997, A1, A12; William Hermann, Susie Steckner, and Mike McCloy, Suspect: Tax Spurred Shooting, Arizona Republic, August 14, 1997, A1, A12; Mike McCloy, Wilcox Snags 50 Tickets for Opening, Arizona Republic, March 31, 1998, A1; Mike McCloy, Guy has a Gun: Guard Acted Fast, Arizona Republic, August 15, 1997, A1; Frank Fitzpatrick, Stadium Issues Can Explode: Take Phoenix, Philadelphia Inquirer, January 13, 1999, E1. Accessed June 3, 2016: http://azcentral.com/story/entertainment/events/2015/02/25/cactus-league-stadium-guide-salt-river-fields-at-talking-stick/24009267/ . Taking on this role required Colangelo to manage a $125 million fundraising drive to pay the anticipated franchise fee for the 1994 expansion. Three minority owners sue Ken Kendrick over buy up/buy out ultimatum Martin Stone, the owner of the Phoenix Firebirds, the San Francisco Giants Triple-A affiliate, was the driving force behind the push. Arizona Diamondbacks principal owner Ken Kendrick sent former Arizona attorney general Grant Woods a threatening and aggressive email June 19 before Woods was fired from the Phoenix law firm . According to Buchanan, Molina was. With over 10 years experience he's covered businesses, CEOs, and investments. In an article from Zach Buchanan of The Athletic, Arizona Diamondbacks Managing General Partner Ken Kendrick is being sued by three minority owners: Alfredo Molina, chairman and CEO of Molina Fine Jewelers; Jim Weber, a former pro pitcher; and Carlise Investments, LLC. 17 County Close to Deal on Ballpark; Arizona Republic, January 9, 1994, A1; David Schwartz and Eric Miller, Negotiators Strike Deal on Big-League Ballpark, Arizona Republic, January 15, 1994, A1; Decision Cost Jim Bruner His Dream of Serving as U.S. Congressman.. Accessed August 3, 2016: http://ballparkdigest.com/wp-content/uploads/2016/03/OriginalDbacksletterforChairmanSupervisors03242016.pdf ; Maricopa County Stadium District: Comprehensive Annual Financial Report, Maricopa.gov, June 30, 2013. Giannis Antetokounmpo joins Kevin Durant and James Harden as owners of MLS teams Antetokounmpo is not the only NBA star getting involved in the MLS. Managing General Partner Years/Date; Ken Kendrick, Managing General Partner: 2004-Present: Mike Chipman, General Partner: 2004-Present: Jeff Royer, General Partner: 2004-Present: Jerry Colangelo, Managing General Partner: 0:04. The Diamondbacks assert that Chase Field needs significant upgrades or replacement after nearly two decades of use. Buchanan's story has additional details on the dispute, including the six counts on which the plaintiffs are suing. Kendrick has been one of the part-owners of the Arizona Diamondbacks since the start of the franchise. To that end, the plaintiffs insist on all relevant emails, correspondences, work papers and empirical analyses with MLB and Bases Loaded. In addition to the BOB, Maricopa County taxpayers subsidized municipal bonds that financed the construction of a number of other downtown attractions during the 1990s, including a new library, a science center, an art museum, and a museum of Arizona history.25, The success the Diamondbacks enjoyed during their early years came at a high price. Short listed for "Leaders in Luxury" Featured in Cover Story Top 30 Marketing Executives in America He was also playing a central role in negotiating the deal that led to the relocation of the National Hockey Leagues Winnipeg Jets to Phoenixs America West Arena, where they were rechristened the Phoenix Coyotes in 1996.8. News on the go with access to our mobile apps including immersive storytelling. Read More 20 Things You Didnt Know about RooserContinue. The company specializes in providing web solutions for the staff management of restaurants. Accessed June 3, 2016: http://azcentral.com/story/sports/mlb/diamondbacks/2014/09/27/jerry-colangelos-shadow-remains-prominent-diamondbacks/16344607/. The same rate was utilized to purchase back existing units from those who declined the offer to purchase new units. Get ready for plenty of action and exciting matchups all season long. Three minority owners of the Diamondbacks claim that the club and managing general partner Ken Kendrick is illegally trying to force them to either increase their investment in the team or relinquish their stakes at a price the minority owners say is unfairly discounted, according to a lawsuit filed Tuesday in Maricopa County Superior Court. They were to begin playing in the 1998 season. To illustrate, five years ago the Diamondbacks entered into a contract with Fox Sports Net Arizona for the sale of broadcasting rights. 3:57 pm ET, including the six counts on which the plaintiffs are suing, Kik Hernndez recounts on-field bathroom accident, Phillies top prospect Andrew Painter has tender elbow, Max Scherzer fools hitter with new pitch clock rules, Report: Padres looking to extend Juan Soto, Josh Hader, Four international prospects to watch in the WBC, Team USA World Baseball Classic roster, schedule, Phillies top prospect Painter has elbow tenderness, Report: Padres looking to extend Soto, Hader, Report: Mets to use six-man rotation at times in 2023, Dodgers SS Gavin Lux tears ACL, will miss entire season, Joe Musgrove fractures big toe in weight room. The three suing minority owners have countered that their stakes in the team have been valued at an "artificially low" rate that doesn't include projections for "potential future revenue streams related to legalized gambling," per Buchanan. However, they might begin to feel less fondly about the club as they battle Kendrick in court. Bases Loaded appraised the value of a 1% interest and the value of the limited partners stakes. They allege that Kendrick violated the law by ordering them to increase their stake in the team or sell their shares back to the team. Something that is perhaps unsurprising when the English earl came from the same roots as the Scandinavian jarl. Regardless, Earl received a significant boost to its popularity centuries and centuries ago because the servants of earls started it as a name. Arizona Diamondbacks (@Dbacks) March 1, 2023 Drey Jameson K's two D-backs No. Ken Kendrick leads a four-man ownership group that also includes Jeffrey Royer, Michael Chipman, and Dale Jensen, all of whom have owned at least a portion of the club since its inception. ", The team respondedin a statement, saying that with the backing of Major League Baseball, ithas "chosen to streamline the ownership group and reduce the number of partners with very minimal equity stakes in the partnership. After graduating in 1962 he eventually found work with the NBAs Chicago Bulls and rose quickly through front-office positions. The franchises financial situation and farm system were in difficult straits at the time of the original regimes departure, but for for more than a decade this has been Kendricks franchise. Bullpen reinforcements: those we didnt sign. However, according to the complaint, a club attorney later clarified that Kendrick had misspoken and that a second valuation would not be possible. He lost in the Republican primary to attorney John Shadegg, who transformed the campaign into a virtual referendum on Bruners support for the stadium tax. The. Why Diamondbacks Owners Are Suing the Majority Owner Nevertheless, Bank One Ballpark has contributed to the revitalization of downtown Phoenix. This type of arrangement can infuse millions of investor dollars into a teams operations. Metropolitan Phoenixs Path to the Major Leagues. See our ethics statement. Molina, Weber and Carlisle Investments have something else in common: they are plaintiffs in a new lawsuit brought against the Diamondbacks partnership and its general partner, Ken Kendrick. While there's no actual baseball going on because ofthe novel coronavirus pandemic, some palace intrigue within the ownership ranks of the Arizona Diamondbacks has come to light. Stones decision to withdraw his Arizona bid brought a de-facto end to Phoenixs chances to get a team during that expansion cycle, when franchises were awarded to Denver and Miami.7.

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