Nintendo has been the majority shareholder of the ML baseball team the Seattle Mariners for nearly two and a half decades, but the era is about to come to a sudden end. Currently, the company owns 55 percent of the interest in the team, and an official Twitter post from the baseball club confirms that Nintendo is looking to sell a majority off to other owners.
The move comes at a time when Nintendo is making major shifts in how it approaches both the console and mobile gaming markets, and it looks like baseball will not be part of the company’s long-term success.
Nintendo of America plans to sell a majority of its interest in the #Mariners to other members of the current ownership group.
— Seattle Mariners (@Mariners) April 27, 2016
Former Chairman of Nintendo of America Howard Lincoln will resign from his position as CEO of the Seattle Mariners, but he will remain involved with the team to keep a watch on the 10 percent stake that the company plans to keep.
“From the first day of our involvement nearly 24 years ago, Nintendo has had two goals for its investment in the Mariners. First, we wanted to assure the permanence of the team in this great city. And on that count, I am proud and gratified that this agreement further solidifies that goal. On the other hand, I’m equally disappointed that we have not been able to host a World Series game for our fans.”
Former Nintendo President Hiroshi Yamauchi bought his stock in the team back in 1992, and it became something of a symbol of anti-Japanese sentiments at the time in the United States. Japanese companies, stealing our automotive industry, buying up our baseball teams, infiltrating our childrens’ minds with their fat plumbers and green fairy boys.
My goodness, how retro.