Coors Has Stepped Out Of Rockies’ Ownership Group
Source: Craig Calcaterra, NBC Sports
“Molson Coors is proud of the role we played in bringing a Major League Baseball team to Denver and remains highly supportive of the Colorado Rockies,” the company wrote in a statement emailed to SportsBusiness Journal. “However, we have decided to sell our 14.5% stake in the team so that we can focus our resources more fully on building our global beer business. This transaction has no impact on the naming rights for the stadium, which will remain Coors Field.”
The new minority owner is Jay Stein, a developer from Scottsdale, Arizona who used to be part of the Padres ownership group.