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MLB, Seidler Equity Partners Aquire Rawlings

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Seidler Equity Partners (private equity firm) and Major League Baseball (non-controlling interest) have acquired Rawlings, and subsidiaries Miken and Worth, for $395M from Newell Brands.

Rawlings is a 131-year old baseball equipment company and it has manufactured the league’s official game ball since 1977.

Additionally, Rawlings is under contract with MLB to supply the league with balls and batting helmets through 2021.

MLB EVP for Strategy, Technology and Innovation Chris Marinak said that the acquisition of Rawlings will give the league “even more input and direction on the production”.

Newell Brands acquired Rawlings as part of a $13 billion takeover of Jarden in 2013, but Rawlings’ debt is a reason behind their shedding assets as Rawlings was considered the least valuable of the brands that NWL was looking to unload.

Anthony DiMoro is the creator of Sports Rants and the CEO of Elite Rank Media and DiMoro Enterprises LLC. He is a former Contributor for Forbes and the Huffington Post where he covered sports, social media, and SEO. Anthony hosts the Anthony DiMoro Show podcast, and formerly hosted the 'Forbes SportsMoney Podcast'.

Chicago Cubs

Cubs Investigating Fan Who Allegedly Made White Supremacy Gesture

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Doug Glanville

The Chicago Cubs are investigating an incident that occurred during the broadcast of a game against the Miami Marlins which showed a fan who flashed a hand sign that is sometimes associated with white power, an upside-down OK signal, behind commentator Doug Glanville.

The Cubs are trying to locate the fan and possibly ban him from games, according to an official team announcement on Wednesday.

“An individual seated behind Mr. Glanville used what appears to be an offensive hand gesture that is associated with racism,” Cubs President of Business Operations Crane Kenney said in a statement.

“Such ignorant and repulsive behavior is not tolerated at Wrigley Field. We are reviewing the incident thoroughly because no one should be subjected to this type of offensive behavior.”

“Any derogatory conduct should be reported immediately to our ballpark staff. Any individual behaving in this manner will not only be removed from the ballpark, but will be permanently banned from Wrigley Field.”

 

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MLB

Phillies Chairman David Montgomery Dies at Age 72

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David Montgomery

The Philadelphia Phillies have officially announced the death of chairman David Montgomery on Wednesday morning. Montgomery,who was diagnosed with cancer in his jaw bone in 2014, passed away at the age of 72.

Montgomery, a native of Philadelphia, joined the Phillies staff back in 1971 and late became a minority owner in 1981.

Montgomery served as Phillies’ chairman since 2015 when he returned from a leave of absence to undergo cancer treatment.

Montgomery also served as team president, among many other roles, during his nearly five-decade tenure with the Phillies organization, leaving an iconic and memorable impression on the entire organization.

During that time, the Phillies won five National League pennants and two World Series titles, the most recent coming back in 2008.

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Baltimore Orioles

Orioles’ Flagship Radio Station Apologizes for Publicizing Rumor that Team Might Move to Las Vegas

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Baltimore Orioles

The Baltimore Orioles have issued an apology for the on-air comments made during a broadcast of their flagship radio station 105.7 The Fan.

During a show this past Saturday on the station, Baltimore sports host Bruce Cunningham brought guest Benjamin Neil, a local lawyer, which turned into a discussion regarding Neil’s comments that an anonymous buyer had put a $3 billion bid on the table for the Orioles and that this mystery person planned on moving the team to Las Vegas, which you can listen to right here.

Naturally, this sent the fanbase into a panic and 105.7 The Fan Director of Sports Programming Chuck Sapienza issued the following apology, while dismissing the report as a baseless rumor, on Twitter.

The rumor was believable considering just how terrible the Orioles have been in recent years, and how their only marketable star during the past decade, Manny Machado, was eventually traded in yet another rebuild.

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