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
Hiroshi Yamauchi purchased a majority stake in the team in 1992 as a way to thank the city for being good to Nintendo and to keep the team in the city. Yamauchi is famously known as to never have gone to a single baseball game, even when the Mariners played exhibition games in Japan. Former head of Nintendo of America Howard Lincoln was made the CEO of the team.
Satoru Iwata became the principle owner when Yamauchi died, but his passing last yeah caused Nintendo to look into selling their majority share of the team.
Nintendo will still hold onto 10% ownership, and Howard Lincoln is stepping down as CEO but will remain on the board to represent Nintendo's share of the team.
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