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[Tripon]

REDMOND, Wash.--(BUSINESS WIRE)--Major League Baseball has approved the sale of a majority of Nintendo of America’s interest in the Seattle Mariners to other members of the current ownership group. Nintendo of America will retain a 10 percent stake in the team and regional sports network, while the remainder of its holdings has been sold to other members of First Avenue Entertainment LLLP (FAE). FAE is the limited partnership that owns the Seattle Mariners and a majority interest in Root Sports NW.

As part of the sale, current CEO Howard Lincoln has retired from day-to-day operations, and John Stanton has replaced him as Chairman and CEO, as well as the designated Major League Baseball Control Person for the franchise. Lincoln will continue on as a member of the FAE Board of Directors, representing Nintendo’s ownership interests.

Final financial terms were not disclosed, but the financial impact of the sale to Nintendo will be incorporated into Nintendo Co., Ltd.’s next quarterly financial report.

http://www.businesswire.com/news/ho...nalizes-Seattle-Mariners-Ownership-Transition

 

[majik13]

This was not the Nintendo press release I was looking for...

 

[Illucio]

Well... Did Nintendo want the team so they can make a game about baseball playing aquatic animals?

Splatoon spinoff?

 

[The Abominable Snowman]

But what does this mean for NX?? Let's speculate.

 

[BY2K]

This was not the Nintendo press release I was looking for...

It's in another castle.

 

[Terrell]

YES, finally freed themselves of that albatross of an investment.

 

[Omega Kirby]

Even nintendo noticed baseballs dead

 

[Raiden1018]

Didnt they just buy them?

 

[Log4Girlz]

Nobody cares about motion gaming anymore

 

[MuchoMalo]

RIP Mario Baseball NX

 

[Raiden1018]

Even nintendo noticed baseballs dead

Not true at all. They just realized that they bought the absolute worst team

 

[Gamer @ Heart]

Didnt they just buy them?

Not at all. They have owned them for like 2 decades

 

[Jintor]

Well... Did Nintendo want the team so they can make a game about baseball playing aquatic animals?

Splatoon spinoff?

Yamauchi was convinced to save the team back in the day to keep them in Seattle iirc

 

[Vena]

Didnt they just buy them?

1992.

 

[SwiftDeath]

I always knew Nintendo was going to go 3rd Party

 

[Raiden1018]

Not at all. They have owned them for like 2 decades

Really?! Woah

 

[leroidys]

YES, finally freed themselves of that albatross of an investment.

lmao OK.

 

[HanzSnubSnub]

The announcement GAF deserves, but not the one it needs right now.

 

[Tripon]

YES, finally freed themselves of that albatross of an investment.

Nintendo still owns 10% of the team.

 

[Brashnir]

Even nintendo noticed baseballs dead

The franchise grew in value by about a billion dollars since they bought it. Baseball is doing just fine.

 

[Davey Cakes]

This just means they have more cash in their pockets.

 

[mrmickfran]

But what does this mean for NX?? Let's speculate.

lol

 

[Yukinari]

Backyard Baseball NX cancelled?

 

[Dark Cloud]

I saw press release and Nintendo and was like "omg NX is finally here!?!", then I saw the Mariners. -.-

 

[Dynamite Shikoku]

They need the cash?

 

[ItWasMeantToBe19]

1992.

I mean, they went through the Griffey, A-Rod, and 2001 eras so that's not bad.

 

[DMONKUMA]

I mean the Mariners suck so it's kind of a smart discussion on their part....

 

[Wyndstryker]

RIP Mario Baseball NX

There goes my hopes and dreams for Mario fireball fastballs striking out a bowser wearing a baseball uniform. Of course the uniform has the clown car face

 

[SinCityAssassin]

It was already announced they'd sell the Mariners stake back in April, but now it's complete. There's no real disclosure on how much they sold their majority stake for but considering the Mariners are worth around $1.4 billion dollars and they're selling 45% of their stake, that's gonna be a huge chunk of change.

 

[10k]

Now that I think about it, the Mariners and Wii U had a lot in common.

 

[adj_noun]

This is the change we've been waiting for!

All aboard the World Series train, baby! CHOO CHOO!

Spoiler

Look, let me dream.

 

[James Scott]

IIRC, the value was estimated at over 500M by someone in the last thread. Financial details won't be shared but we're supposed to see the impact in Nintendo's next quarterly report according to the PR

 

[SinCityAssassin]

IIRC, the value was estimated at over 500M by someone in the last thread. Financial details won't be shared but we're supposed to see the impact in Nintendo's next quarterly report according to the PR

I would say over 600 mil. Considering they're selling 45% out of their original 55% controlling interest.

 

[NateDrake]

I would say over 600 mil. Considering they're selling 45% out of their original 55% controlling interest.

Could come out to around 630 mil.

 

[lazybones18]

now the Mariners can actually win games for once

 

[Perfect Blue]

Even nintendo noticed baseballs dead

What an idiotic post. I hope you were joking.

 

[The Awesomest]

Just in time for the pennant race!

Also RIP Splatoon ads behind the plate and DS apps to order food.

 

[Macattk15]

YES, finally freed themselves of that albatross of an investment.

I'd say the same thing for the Mariners being free from shitty owners who didn't give a damn about the team.

Not true at all. They just realized that they bought the absolute worst team

Except you know in 2001 when they were owned by Nintendo and tied an all time record for 116 wins in a season.

And they are 2.5 games out of the Wild Card this season.

But YES ... there have been many dark dark DARK seasons in the past.

 

[Zee-Row]

They probably sold them way more than what they originally payed. Taxpayer financed ballparks like Safeco do that.

 

[ggx2ac]

But what does this mean for NX?? Let's speculate.

Nintendo sells the Mariners, mariners is a term for sailors, sailors sail on ships, ships have to stop at a port, a port has a dock.

*Gasp*

The dock!

 

[sfried]

Nintendo sells the Mariners, mariners is a term for sailors, sailors sail on ships, ships have to stop at a port, a port has a dock.

*Gasp*

The dock!

Shemue 3 confirmed on NX!

 

[SinCityAssassin]

They probably sold them way more than what they originally payed. Taxpayer financed ballparks like Safeco do that.

They originally bought the Mariners for 100 mil to keep the team in Seattle.

 

[Godzilla's Left Toe]

Just in time for the pennant race!

Also RIP Splatoon ads behind the plate and DS apps to order food.

I wouldn't expect something like ads to go away because they sold their majority interested in the M's.

 

[Champion]

You all do realize a team's record or how much they win isn't an end all to how lucrative the team is, right?

 

[Aselith]

They can use that money to secure licensing from the Mariners for a new Ken Griffey Jr game!

 

[Godzilla's Left Toe]

Even nintendo noticed baseballs dead

Again baseball made record revenue last year but try again.

 

[Clint Beastwood]

But what does this mean for NX?? Let's speculate.

NX is gonna be enthusiast PC level sold @ budget price

Money made from the Mariners is to make up for lost $ per console

 

[dr.rocktopus]

how they gonna afford A-Rod now

 

[GhostWriter24]

Nintendoomed?

Spoiler

They have more money than God.

 

[The Giant]

Wasn't Nintendo gonna use this money to fund animated movies?