Support NeoGAF

[SatoAilDarko]

I mean they'll still have 10%.

What was the benefit to any of the other parts of Nintendo by owning the majority of the Mariners?

 

[clemenx]

No more Nintendo ads behind homeplate end of an era.

 

[entremet]

From $60M to $600M

http://seekingalpha.com/article/43310-who-is-buying-nintendo-stock

Nintendo are money making wizards, man.

 

[Regiruler]

I mean they'll still have 10%.

What was the benefit to any of the other parts of Nintendo by owning the majority of the Mariners?

Tickets for employees? Idk

 

[darkside31337]

I mean they'll still have 10%.

What was the benefit to any of the other parts of Nintendo by owning the majority of the Mariners?

They had ugly Nintendo ads behind home plate

 

[MANUELF]

It was time, they never did anything with it

 

[SinCityAssassin]

Was Reggie not the CEO? What does this difference entail?

He is the President and COO, with Kimishima presiding as the global CEO. The executive restructuring just ensures Reggie his place in the board decisions with more power than previously held, though he is still considered low in the pecking order.

 

[RecRoulette]

The dream of the Nintendo Mariners is dead.

 

[Arkam]

Well this came out of nowhere, that's a smart business decision

Depending what they sold it for yea. Baseball is a (slowly) declining market as the NFL continues to be the juggernaut of US sports.

So probably good for Nintendo, but still feels weird since it was always the Nintendo Baseball team in my mind.

 

[Fat4all]

What was the benefit to any of the other parts of Nintendo by owning the majority of the Mariners?

Diversity.

You never know when owning part of a baseball team will come in handy.

 

[L Thammy]

Didn't they just announce a profit? Or are things that bad behind the scenes?

What do the Mariners add to Nintendo as a business?

 

[Empty]

the product of a strategic pr move to deflect from populist political pressure to clamp down on dominant japanese manufacturing supposedly crowding out american companies lasted so long that in that time the economic threat from japan entirely collapsed, and now you see the same arguments made against china by the likes of trump

 

[Shang]

Well, I just figured out how they're gonna counteract the 2016 holiday season.

 

[SatelliteOfLove]

In related news, no more Japanese baseball stars sign with the Mariners.

I'm guessing this has to do with Howard Lincoln stepping down.

Oh yeah, that is true.

gonna feel bad for the folks in seattle when their baseball team moves to oklahoma city.

BOOSH

 

[sangreal]

thats a shame

 

[SuperOrez]

Kinda bitter-sweet being a Seattle fan.

 

[Paches]

No more Nintendo ads behind homeplate end of an era.

I always loved the Japanese text Nintendo ads behind the ump.

Also tons of Splatoon ads.

 

[daTRUballin]

What the fuck is going on with Nintendo today? I guess Kimishima is finally starting to show his mark on the company......

 

[SirPenguin]

Wild to think that the failure the WiiU and delay of NX is directly responsible for the M's getting a competent ownership group

 

[Lime]

Maybe they can donate the money to organizations that combat harassment of women online.

 

[Daft Punk]

Holy shit, that's some cash right in the warchest for NoA.

And with Reggie becoming CEO...

I don't think that's how it works...

 

[Vibranium]

Can Howard Lincoln come back to NoA now? I know he's 76 but still...

 

[SummitAve]

Wild to think that the failure the WiiU and delay of NX is directly responsible for the M's getting a competent ownership group

Wild to think that indeed...

 

[Theanine3D]

For some reason I had assumed Lincoln had long since retired. Didn't even know he was still CEO of anything until now. Only surprising tidbit from this news. I wonder what he thinks about Nintendo's current ventures.

 

[The Boat]

Pre order cancelled.

 

[TheGreatMightyPoo]

Maybe they can donate the money to organizations that combat harassment of women online.

...

 

[Godzilla's Left Toe]

Depending what they sold it for yea. Baseball is a (slowly) declining market as the NFL continues to be the juggernaut of US sports.

So probably good for Nintendo, but still feels weird since it was always the Nintendo Baseball team in my mind.

Huh
http://www.forbes.com/sites/maurybr...ion-and-approaching-9-5-billion/#4ead3a442307

 

[PillarEN]

SNK will buy them right? They made cool baseball games.

 

[SirPenguin]

Wild to think that indeed...

Of course it is. This sale is for infusion of $$$ in 2016 FY to prevent shareholder panic. Absolutely forced their hand

New ownership group is local and should hopefully care more about winning than fucking concessions sales

 

[Dunan]

All the major league teams have skyrocketed in value since the early 1990s. Even the lowest team's valuation makes the $95M paid in expansion fees by the Diamondbacks and Devil Rays look like chicken feed.

 

[Boney]

End of an era

 

[vinnygambini]

Honestly, when Yamauchi passed, it was kind of inevitable that Nintendo's ownership stake in the Mariners would be sold off shortly after.

 

[Chris R]

Wonder if the NX delay to 2017 is the reason they need to free up some $$$...

 

[Zee-Row]

Yamauchi never got to see them play in person did he?

 

[truly101]

I'll never forget how controversial Nintendo's purchase of the Mariners was back in the day. There was a huge "MADE IN AMERICA" screw Japan movement back then.

 

[Digital-Hero]

Yamauchi never got to see them play in person did he?

Nope. (In person)

I'll never forget how controversial Nintendo's purchase of the Mariners was back in the day. There was a huge "MADE IN AMERICA" screw Japan movement back then.

Yep. That was all the late 80s and 90s. Remember the Columbia Pictures deal with Sony?

 

[DannyDanger]

So everytime Sony makes an MLB game, Nintendo's been indirectly getting a cut from royalties?

Did Kojima write the script for the console war? The story is convoluted

 

[AcademicSaucer]

Maybe they can donate the money to organizations that combat harassment of women online.

The police? The FBI ?

 

[cw_sasuke]

Nintendo gearing up for mobile and NX marketing blitz.

 

[sixteen-bit]

featuring the most racist depiction of a black person in a 16 bit game

 

[jelly]

Had no idea they owned that, pretty cool.

 

[Digital-Hero]

So everytime Sony makes an MLB game, Nintendo's been indirectly getting a cut from royalties?

Did Kojima write the script for the console war? The story is convoluted

And Howard Lincoln just mentioned Microsoft in the conference. I believe someone from there is on the board.

 

[SinCityAssassin]

And Howard Lincoln just mentioned Microsoft in the conference. I believe someone from there is on the board.

Who fucking knew the intricacies of the console wars were held deep within baseball.

 

[SummitAve]

Of course it is. This sale is for infusion of $$$ in 2016 FY to prevent shareholder panic. Absolutely forced their hand

New ownership group is local and should hopefully care more about winning than fucking concessions sales

Was Howard Lincoln forced out? The sale is because he's retiring and passing majority owner responsibility to somebody more willing.

 

[Jon Arbuckle]

So glad we're saying goodbye to that worthless CEO Howard Lincoln. It was always a curiosity that Nintendo owned a large chunk of the team, but it didn't really benefit the club in terms of putting a winning team on the field. I'm hoping we're seeing a renaissance for the Mariners. New CEO, new manager, new coach all will hopefully result in an amazing new look for the club.

 

[DeepEnigma]

Well, the Ichiro ship has sailed.

 

[Digital-Hero]

Well, the Ichiro ship has sailed.

I just want him to go in HOF as a Mariner after Edgar. (Edgar may never go in though. )

 

[DeepEnigma]

I just want him to go in HOF as a Mariner after Edgar. (Edgar may never go in though. )

Oh he will, no doubt.

 

[doop_]

Maybe they can donate the money to organizations that combat harassment of women online.

Dude, stop. This thread isn't for that.

 

[Rodin]

They'll still own 10% of the team so it will still be associated with Nintendo.

From $60M to $600M

http://seekingalpha.com/article/43310-who-is-buying-nintendo-stock

Wow, that's a lot of cash. Yamauchi keeps making money for Nintendo even now.