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Coors Has Stepped Out Of Rockies’ Ownership Group

Posted By Charles Mager On November 25, 2013 @ 2:21 PM In MLB | No Comments

Source: Craig Calcaterra, NBC Sports [1]

Coors Field [2]The ballpark will still be called Coors Field, but Coors is out of the Rockies ownership group. Sports Business Journal reports that the brewer has sold its 14.5% interest in the team:

“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.


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URLs in this post:

[1] Craig Calcaterra, NBC Sports: http://hardballtalk.nbcsports.com/2013/11/25/coors-sells-its-minority-ownership-interest-in-the-rockies/

[2] Image: http://www.sportstalkflorida.com/wp-content/uploads/2013/11/Coors-Field.jpg

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