Who Are The Owners Phillies?

One of Philadelphia's best kept secrets is the ghost group of people usually call the Phillies owners. It is now time that we study these ghosts Phillies, who are quite adept at remaining invisible. David Montgomery said recently that the Phillies owners are in the red and has been since it took over the team. HA! Montgomery was not lying, but it was definitely leaning truth, as every politician there. Let's put it this way: The original group bought the team in 1981 for $ 30 million. Phillies 2008 would have been $ 481 million (which is before winning the World Series). An additional increase of 1,600 percent in value team ... 1,600 percent! Believe me, they are not losing money.

In 1981, when ruly Carpenter announced he was selling the team, Bill Giles brought together a group of investors to buy the Phillies. Buck Brothers invested US $ 5 million. Widener family heir Fitz Dixon and Bob Levy racehorse tycoon combined for $ 3.5 million. John D. Betz Betz Laboratories promised $ 5 million. Taft Broadcasting took over the rest, playing in $ 15 million.

In 1986, Taft Broadcasting sold its 47 percent for Bill Giles and the team $ 24.1 million. Bob Levy and Fitz Dixon also been withdrawn. Bill Giles gave its general partner position for David Montgomery in 1997, which also took a piece of the company.

This leaves Claire Betz, the Buck Brothers, and John Middleton as remaining unidentified sources. We Meet the cast:

Claire S. Betz
 

Claire S. Betz approaches the age of 90 years and share the time between their homes in Gwynedd, PA and Key Largo, Florida. Claire's husband, John Drew Betz, bought his share of the Phillies in 1981 and took possession in the middle of a pretty novel. His son Peter Betz, was murdered by her 16 years, grand-son, Justin Betz in 1988. Justin pleaded guilty to third degree murder and John died of cancer at the age of 72 years during the trial. The Inquirer Bill Conlin evaluated its 33 percent of the team in an article in November 2007.

Betz made a fortune through family water purification company called Betz Laboratories, including John Betz was president. Betz Laboratories was then sold to General Electric. She and David Montgomery are also on the Schuylkill Center Board, a local conservation group. When Claire goes, the other partners are likely to buy their shares.

Buck Brothers
 

Buck brothers Alexander K. Buck, J. Mahlon Buck Jr. and William C. Buck. Very, very private," said J. B. Doherty, partner of TDH Capital.

John Middleton
 

John S. Middleton is in the middle of the fifties and divides his time between Bryn Mawr and Stone Harbor. He graduated from Amherst College in 1977, and according to them, "Middleton runs the family business, which includes McIntosh Inns, Bradford Holdings and Double Play, Inc." He inherited his share of the property of his father, Herbert H. Middleton. John was the closest thing to love outside the group. There are rumors that Middleton was a big reason why the Phillies signed Jim Thome in 2002. He was assigned as saying, "I'll pay for yourself"

It was announced in November 2007 that Middleton had sold his family company's cigars for Altria Group, owner of Philip Morris, for $ 2.9 billion. David Montgomery off those dreams instantly. In a statement, Montgomery said, "John Middleton is a sponsor with the Phillies and their personal and business interests have no impact on the operation of the ballclub." This is a very strong statement of Montgomery behaved very light. Hard to say if Middleton even tried to buy the team, but the program at a ceremony in 2004 in Amherst said, "Montgomery runs the show. Partners must stay outside the way, and these partners is well known that John S. Middleton was an outlier on certain issues. - break lose money to sign Jim Thome was thought to be one of them. "

David Montgomery
 

Bill Giles hired David Montgomery in 1971 to work in sales Phillies' ticket office and later became sales manager. When the current group bought the team, Giles Montgomery appointed as his top assistant in 1982.

Bill Giles
 

Giles began with the Phillies as vice president of commercial operations in 1969. He was vice president of the team until 1982, the president of the team from 1982 to 1987 and CEO from 1984 to 1987. Giles decided to resign commissioned in 1997 and took the title of associate Director. He is the son of former president of the National League Warren Giles and the current honorary president of the National League.

Bill Conlin described in more detail in his article on the partnership, but here's the Cliff Notes Version. Basically, the general partner (Giles was now Montgomery) meets the negotiating group for the sale of the team, is responsible for all debts and processes, and gets a little extra money in the form of a salary.

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We should have no reason to hate one of the people running the team. We have a rare opportunity for greatness with the current team.