7 Martin Stone; Bob Cohn, Race for Big Leagues Begins, Arizona Republic, June 15, 1990, A1; Eric Miller, Valley Strikes Out, Arizona Republic, December 19, 1990, A1. Get ready for plenty of action and exciting matchups all season long. Accessed June 10, 2016: http://bizjournals.com/phoenix/stories/2008/03/31/story7.html. potential future revenue streams related to legalized gambling," per Buchanan. In early 1993, Maricopa County Supervisor and longtime baseball supporter Jim Bruner began discussing the idea of putting together a bid for a forthcoming new round of expansion with a friend, Phoenix sports attorney Joe Garagiola Jr., the son of the baseball personality, player, and commentator. In the late 1990s and early 2000s, the franchise signed high-priced free agents to large contracts that deferred large amounts of salary. Why Three Diamondbacks Minority Owners Are Suing Team's Majority Owner Three Arizona Diamondbacks minority owners say they are being forced out of the ownership group illegally and have sued to remain partners or to receive higher payouts for their shares. A trio of Diamondbacks minority owners have filed a lawsuit against the franchise's managing general partner Ken Kendrick, according to a report from Zach Buchanan of The Athletic. The Diamondbacks assert that Chase Field needs significant upgrades or replacement after nearly two decades of use. In the summer of 2016 the Diamondbacks asked Maricopa County for help in subsidizing $65 million worth of renovations to Chase Field, which county officials have also rejected.30. A trio of Diamondbacks minority owners have filed a lawsuit against the franchise's managing general partner Ken Kendrick, according to a report from Zach Buchanan of The Athletic. For now, the plaintiffs signal a desire to remain in the partnership. Miami Heat Basketball Operations. Granted, this level of ownership doesnt provide authority over team decisions, on- or off-the-field. See our ethics statement. The complaint also alleges breach of contract. Majority control of the Diamondbacks is owned by a four-person investment group that took over the club in 2004 from initial majority owner Jerry Colangelo. [1] Long the darling of the Phoenix media, Colangelo had never experienced citizens referring to him in letters to the editor or public meetings as a thief or claiming that he was trying to rape the taxpayers. As a result, Showalter was fired after the 2000 season.21, The win-now approach was clearly the governing ideology of the Diamondbacks by the time of the November 18, 1997, expansion draft. Cronkite School at ASU Hell probably get his wish, but it will likely cost the club more than it wants to pay. Jerry Colangelo photo on March 22, 2017, was taken by Gage Skidmore. They were to begin playing in the 1998 season. List of Arizona Diamondbacks owners and executives The first concerted civic effort to secure a major-league franchise began as metropolitan Phoenix, with almost 2 million residents, became the nations 14th largest metropolitan area in the late 1980s. If the offered price to buy them out increases, they might ultimately say yes. This directive goes to the meaning of the term buy-up/buy-out: a limited partner with less than 1% would need to buy up to at least 1%, or he or she would experience a buy out of their interest. For more details on the lawsuit, including reading the actual document, I recommend reading the linked article from The Athletic. 7. If Molina, Webster and Carlisle Investments prevail on a breach claim, they would be awarded monetary damages. * 21+ (19+ CA-ONT) (18+ NH/WY). Arizonas significant public investment in spring-training baseball helped lure a number of franchises to the Cactus League. Molina, a jeweler by trade, is chairman and CEO of Molina Fine Jewelers. People who pay close attention to the Arizona Diamondbacks should be familiar with Ken Kendrick. 10 Things You Didn't Know about Arizona Diamondbacks Owner Ken Kendrick Jim Bruner, who both helped to develop the plan to pursue a baseball team and negotiated the terms of the financing deal with Colangelo, cast the deciding vote for the measure.16, The three supervisors who supported the tax faced serious consequences. While these individuals are colloquially referred to as owners, they are more accurately called limited partners. Limited partners comprise a legal entitythe partnershipthat is structured to obtain tax advantages and secure immunities from personal liability. Part Owner of the Arizona Diamondbacks from the Start, 9. Its possible that MLB could help Kendrick. To that end, limited partners with less than 1% have been warned that the Diamondbacks could terminate their partnership interests. To that end, he is barred from acting in ways that deny the limited partners of their benefits of the partnership. He is also an attorney and the Director of the Sports and Entertainment Law Institute at the University of New Hampshire Franklin Pierce School of Law. Why Diamondbacks Owners Are Suing the Majority Owner According to USA Today's Bob Nightengale, D'Backs managing general partner Ken Kendrick is weighing the possibility of "selling a significant, but still minority share" of the team. The Diamondbacks adopted a quintessentially late 1990s palette of team colors: purple, turquoise, black, and copper. ", The attorney for the minority owners, Roger Cohen, said his clients weren't legally required to increase their investment and believed Kendrick's leveraging "had to do with consolidating and increasing the ownership stake of the remaining owners. Finally, the plaintiffs are suing to force Kendrick and the Diamondbacks to provide the documentation they have requested, and they are suing for a Preliminary and Permanent Injunction to prevent the team from forcing them to relinquish their ownership stakes, although none of the three have received payment yet and, with the shutdown of sports from the coronavirus, its not clear that anything has transpired that has yet deprived them of any rights or privileges as team owners. Colangelo later said that taking the lead in the baseball expansion effort fulfilled his desire to play a more prominent role in increasing the national profile of the Valley of the Sun. 'Get all the hitters out', Notes: Nelson's outing; new facility paying dividends, Flexing: Each team's top power-hitting prospect, Pipeline Podcast: Druw Jones talks shoulder rehab, making pro debut and more, Pfaadt 'fantastic' in debut -- and he made sure to have fun. Many aspire to buy a professional sports team and call the shots. Under Kendricks leadership, the Diamondbacks have enjoyed significantly less success on the field. The National Anthem is played before the Arizona Diamondbacks game on April 6, 2015, at Chase Field in Phoenix, Arizona. Arizona Diamondbacks - Larry Brown Sports According to Buchanan, the lawsuit has nothing to do with any potential relocation as Kendrick controls a voting bloc of 90% of the ownership (Kendrick himself does not have 90% of the ownership shares). He has participated in SABRs Biography Project since 2012. It is interesting to note that Kendrick was born in a place called Princeton, which can be found in West Virginia. Carlisle Investments has been a part of the team's ownership group since 1998, and Molina and Weber bought in back in 2004. Additionally, the BOB offered some of the most affordable prices in baseball. Ken Kendrick, who had been a managing partner since the franchises origins, took over as managing general partner. Read More 20 Things You Didnt Know About SnapshiftContinue, Byjus is an educational technology company that has achieved a significant position in its niche in the technology industry. 2004-2023 CBS Interactive. The more persuasively Kendricks attorneys can show that the team has adhered to established procedures and did so with sufficient transparency and accountability, the better the odds for Kendrick. Contact SABR, Ibid. His opposite number was Jim Bruner, a member of the Maricopa County Board of Supervisors, who also constituted the Maricopa County Stadium Authority. 26 All Arizona Has to Do Now, Right Now, Is Win; Nick Piecoro, Jerry Colangelos Shadow Remains Prominent Over Diamondbacks, azcentral.com, September 27, 2014. The impending departure, which threatened the existence of the Cactus League, provoked immediate action from local political leaders, including US Senator John McCain, Governor Rose Mofford, and Maricopa County Supervisor Jim Bruner, who later played a major role in the arrival of the Diamondbacks in Arizona. But the downtown area slowly emerged from its doldrums, becoming a destination to visitors outside of bankers hours. Colangelo persuaded the other partners in Arizona Baseball Inc. to call the team the Arizona Diamondbacks rather than the Phoenix Diamondbacks to cultivate a statewide sense of pride and ownership. Im not sure what the ulterior motive is for such a decision, but it definitely comes off as nefarious. For those who are unfamiliar, said team started up in 1995. Minority owners Molina and Weber initially invested in the Diamondbacks in 2004, while Carlisle Investments has been involved in team ownership since 1998. 22 Ken Rosenthal, All Arizona Has to Do Now, Right Now, Is Win, The Sporting News, March 12, 2001, 49; Peter Schmuck, In Hurry, a Trading Flurry After Draft, Baltimore Sun, November 19, 1997. Molina, a jeweler by trade, is chairman and CEO of Molina Fine Jewelers. According to Buchanan, Molina was. Bearing the name of a Phoenix-based airline, it was one of the earliest examples of stadium naming rights being sold to a corporation.10, In September 1993 Colangelo announced the formation of Arizona Baseball Inc., whose purpose was to bring a major-league baseball team to Phoenix. CLAYTON TRUTOR is a history instructor at Northeastern Universitys College of Professional Studies. Despite never winning the championship, Colangelo earned numerous NBA Executive of the Year Awards, acknowledging both his franchises success and his status as a mover and shaker in league circles.9, In 1987 Colangelo headed a 10-member limited partnership called JDM Partners LLC that purchased the Suns for $44.5 million. 30 Rebekah L. Sanders, Maricopa County Rejects Most of Arizona Diamondbacks Requested $65M for Upgrades, azcentral.com, August 8, 2016. He became part- owner with the team's inception in 1995. The teams apparent goal is to streamline the ownership group and reduce the number of partners with very minimal equity stakes in ownership. Accessed on June 17, 2016: springtrainingmagazine.com/history4.html#cactus ; Gary Rausch, The Cactus League Is a Major League Tourist Attraction in Arizona, Chicago Tribune, February 26, 1989, M23. This could result in a potential ugly court battle, so well have the details on its resolution out here as soon as we find out. His presence would likely have galvanized the already stinging criticism that he and pro-stadium legislators had already faced as a result of the deal. Bases Loaded appraised the value of a 1% interest and the value of the limited partners stakes. Kendrick has the legal responsibility to engage in fair dealing and act ethically. The dispute began in January, when Kendrick informed 22 minority owners of the directive, which constitutes an effort to streamline the current ownership group. The league doesnt want the litigation to progress to pretrial discovery, where attorneys for the plaintiffs could demand that commissioners office staffwho appear to be key witnesses given their interactions with Kendrickturn over sensitive emails, other correspondences and financial records. After the vote, Bruner, as he had planned, resigned from the board to run for an open congressional seat. Kendrick, 77 and a former banking executive, first became a part-owner of the Diamondbacks when the team was founded in 1995. The partners also satisfied requirements found in their Diamondbacks agreements. The company helps connect suppliers and seafood buyers throughout Europe. Diamondbacks 5, Dodgers 5: The Ties of March, Diamondbacks Spring Gameday Thread, #7: @ Dodgers. Kendricks role as general partner is central to the case. Three Diamondbacks Minority Owners Sue Managing General Partner The Arizona Diamondbacks have had two owners and five general managers in their 20-year history. Under Colangelo and Garagiola, the Diamondbacks won division titles in 1999 and 2001 as well as the pennant and World Series in 2001. Royer was an executive in the cable television industry.27, Colangelos tenure as managing general partner (1998-2004) coincided largely with Joe Garagiola Jr.s term as general manager (1997-2005). Four of the publicly financed facilities created by the legislation are each shared by two major-league clubs, including the Indians facility in Goodyear, which they share with the Cincinnati Reds. For the fourth count of Breach of Fiduciary Duty, filed specifically against Kendrick and the General Partner, which is AZDB I the plaintiffs also seek punitive damages as they claim Kendricks actions were willful, malicious and performed with evil mind and a conscious disregard for the risk of injury to the plaintiffs. He served as the Coyotes' Majority Owner, Chairman and . Perhaps unsurprisingly, Kendrick went to school at West Virginia University, which is a school with something of a reputation for research. ET, Here are the D-backs' 2023 Top 30 prospects, Chafin's goal for '23? The lawsuit claims Kendrick acted illegally when coercing them into either increasing their investment in the team or relinquish their ownership stakes at $60 per unit, a number that the plaintiffs call unfairly discounted. Three minority owners of the Arizona Diamondbacks Alfredo Molina, Jim Weber and limited liability company Carlise Investmentsare suing managing general partner Ken Kendrick, per Zach. But the Maricopa County Board of Supervisors made it evident that they had no interest in supporting any such municipal investments, particularly when Major League Baseball deemed Chase Field acceptable to host its All-Star Game as recently as 2011. Arizona Diamondbacks Minority Owner. It was no secret that Bill Bidwill, owner of the NFLs St. Louis Cardinals, intended to move to Phoenix. Reddit - Dive into anything To the extent MLB has already done so in communications with clubs, the league could credibly maintain that Kendricks moves are consistent with established league policies. If it so wishes, a team can have dozens of minority stake owners. Nevertheless, Bank One Ballpark has contributed to the revitalization of downtown Phoenix. Like other ball clubs, the Arizona Diamondbacks have a roster of owners. Most people would expect Earl to mean nobleman, but it is interesting to note that it can mean warrior as well. Never before had an expansion team reached the playoffs so quickly. [Buchanan] BREAKING: Three Diamondbacks minority owners are suing the team and managing general partner Ken Kendrick over forced buyouts. Kendrick is interesting in that it has two potential meanings in two languages. Attorneys for Kendrick are also poised to assert that the teams buy-up/buy-out requirement is fully compliant with partnership agreements. 2. Like many of his predecessors in New York, the intense Showalter butted heads frequently with the clubs domineering owner, George Steinbrenner. This appraisal indicated that Molina would need to invest another $3.8 million in order to meet the 1% threshold. The Diamondbacks won the NL West in 2007 and 2011, but more often than not have finished well out of contention, including at least three last-place finishes since 2009. Diamondbacks News MLB News Three minority owners are suing Managing General Partner Ken Kendrick over recent ownership share policy changes Alfredo Molina, Jim Weber, and Carlise Investments. The colors were marketed as evocative of the regions cultural heritage. The educational giant has grown to be one of the largest of its kind in the, Read More 20 Things You Didnt Know About ByjusContinue. Other claims include those for breach of fiduciary duty and breach of implied covenants of good faith and fair dealing. (In 1998 Bank One acquired the naming rights for 10 years at a cost of $70 million.) Used by permission under Creative Commons license (CC BY-SA 2.0). In the context of sports, a limited partnership involves a group of investors and businesses who own respective shares. This type of petition captures the essence of the lawsuit. Alfredo Molina, Jim Weber, and Carlise Investments are suing Kendrick over his buy up or be bought out ultimatum, which started in January. The Arizona Diamondbacks' Ken Kendrick was among four MLB owners who voted against the league's latest collective bargaining agreement proposal, according to a report. Phone: 602.496.1460 As an NBA executive, he ran in similar circles with MLB executives. The attacker told the press, I shot Supervisor Mary Rose Wilcox to try to put a stop to the political dictatorship of Jerry Colangelo in pushing the baseball stadium tax. Wilcox survived the attack, which she blamed on the harsh opposition to the tax that remained a fixture of Phoenix talk radio.18. Diamondbacks minority owners sue over alleged forced buyouts Over the past two decades, hes founded numerous startups, most of which have been subsequently acquired by the likes of Facebook, Google,, Read More 10 Things You Didnt Know about Yuri GurskiContinue, John Foley, the founder, and CEO of Peloton, a fitness company, worked so hard to get his company off the ground that at one time, his son asked him if he loved the business more, Read More The History of and Story Behind the Peloton LogoContinue, As stated by its name, 3D printing is a process that creates a three-dimensional object using the information stored in a digital file. Andrew Barroway is the Coyotes' Minority Owner & Alternate Governor. In 1947, the Cleveland Indians began taking up preseason residence 120 miles southeast of Phoenix in Tucson, the winter home of the clubs new owner, Bill Veeck. Ken Kendrick - Wikipedia After the draft they traded several of the prospects they had selected for veterans like Detroit Tigers third baseman Travis Fryman and Florida Marlins center fielder Devon White. Inject this straight into our veins. 18 Mike McCloy, Supervisor Is Shot, Arizona Republic, August 14, 1997, A1, A12; William Hermann, Susie Steckner, and Mike McCloy, Suspect: Tax Spurred Shooting, Arizona Republic, August 14, 1997, A1, A12; Mike McCloy, Wilcox Snags 50 Tickets for Opening, Arizona Republic, March 31, 1998, A1; Mike McCloy, Guy has a Gun: Guard Acted Fast, Arizona Republic, August 15, 1997, A1; Frank Fitzpatrick, Stadium Issues Can Explode: Take Phoenix, Philadelphia Inquirer, January 13, 1999, E1. 1 Rick Thompson, A History of the Cactus League, Spring Training Magazine, March 1989. Cohen said his clients are not seeking a temporary restraining order, but they reserve the right to do so in the future. Very few succeed. Terms at draftkings.com/sportsbook. During the 2016 Republican presidential primaries, the Kendricks made headlines in Arizona for their strident opposition to Donald Trumps bid for the nomination. The Legislature also authorized the county Board of Supervisors to impose a 0.25 percent sales tax to help finance construction of a baseball stadium if one of the countys municipalities was awarded a franchise.6, Stone continued to pursue a major-league team for Phoenix into the early 1990s. 9 prospect Drey Jameson strikes out two batters in two hitless innings during his spring outing against the Giants, D-backs catcher Carson Kelly lifts a solo home run over the left-center-field wall to give Arizona a 1-0 lead in the top of the second, World Baseball Classic tickets on sale now, Watch the Hot Stove every weekday at 9 a.m. Like other new spring-training facilities in Arizona, Talking Stick was subsidized in large part by the $2.50 rental-car tax that was put in place back in 1990 to revitalize the ballparks of the Cactus League.29, In 2005 Bank One merged with J.P. Morgan Chase, and Bank One Ballpark was renamed Chase Field. There is no logic to it. Arizona has been home to major-league spring training since the immediate aftermath of World War II. 13 David Schwartz and Eric Miller, County Close to Deal on Ballpark, Arizona Republic, January 9, 1994, A1; Frank Fitzpatrick, Stadium Issues Can Explode: Take Phoenix, Philadelphia Inquirer, January 13, 1999, E1; Decision Cost Jim Bruner His Dream of Serving as U.S. Congressman; 14 Decision Cost Jim Bruner His Dream of Serving as U.S. Congressman., 15 County Close to Deal on Ballpark. Decision Cost Jim Bruner His Dream of Serving as U.S. Congressman.. The Diamondbacks operate through a limited partnership. 555 N. Central Ave. #416 The same rate was utilized to purchase back existing units from those who declined the offer to purchase new units. Defending champs USA, Canada, Mexico, Colombia and Great Britain will square off in round-robin action. Accessed August 3, 2016: http://ballparkdigest.com/wp-content/uploads/2016/03/OriginalDbacksletterforChairmanSupervisors03242016.pdf ; Maricopa County Stadium District: Comprehensive Annual Financial Report, Maricopa.gov, June 30, 2013. Business-wise, Kendrick might be best-known for founding Datatel Inc. Via Zach Buchanan of The Athletic, three of the team's minority owners have filed suit against managing general partner Ken Kendrick. As a result, Kendrick is a figure of some note in both the MLB and beyond. Its clear that Kendrick wants the three plaintiffs, and other partners with very small stakes, out of the Diamondbacks partnership. Big-league insiders had made it clear to Arizona leaders that public support for a stadium was a prerequisite for serious consideration for a franchise. Accessed August 3, 2016: http://maricopa.gov/StadiumDistrict/pdf/MCStadiumDistFY12AFR.pdf; David Fritze, Boom! You can follow him on twitter @ClaytonTrutor. However, according to the complaint, a club attorney later clarified that Kendrick had misspoken and that a second valuation would not be possible. First, it can come from cynwrig, which is Welsh for greatest champion. Second, it can come from cyneric, which is Anglo-Saxon for family ruler. Due to this, it can be rather challenging to tell when Kendrick refers to which potential meaning, seeing as how the Welsh and the English have been interacting with one another in various ways since the Roman withdrawal. Molina, Weber and Carlisle Investments have something else in common: they are plaintiffs in a new lawsuit brought against the Diamondbacks partnership and its general partner, Ken Kendrick. During the 1960s suburban shopping centers replaced downtown Phoenix as the regions retail center. A month later Kendrick sent another letter to these three plaintiffs that by electing to not purchase a bigger stake in ownership that they are no longer a limited partner and their stakes will be bought out. Such austerity did not breed a great deal of on-the-field success. Attorneys for Kendrick and the club will answer the complaint. In October 1989, nearly 60 percent of Phoenix voters rejected a ballot initiative that would have allowed the issuance of $100 million of the previously authorized bonds for a domed ballpark. 10 NBA Notebook: Pacific, The Sporting News, October 26, 1987, 47; Steve Wilson, When Youre Colangelo, You Gotta Believe, Arizona Republic, January 16, 1994, 10; Norm Frauenheim, Colangelo-Led Group Buys Phoenix Suns, Arizona Republic, October 13, 1987, A1, A2. In-depth coverage of the Valleys real estate market and whats being built and redeveloped in your city. By the time the Diamondbacks played their first game at Bank One Ballpark, metropolitan Phoenix was home to teams in all four major professional leagues. Naturally, Kendrick has been responsible for both successes and failures, as shown by both the positive and the negative coverage of his activities over the course of his career in said position. Bruner and Garagiola persuaded Colangelo to spearhead the effort to bring in a baseball team. In subsequent seasons Showalter clashed with Garagiola over the direction of the club. All Rights Reserved. He lost in the Republican primary to attorney John Shadegg, who transformed the campaign into a virtual referendum on Bruners support for the stadium tax. That is the same year Kendrick ousted Jerry Coangelo as the Managing General Partner. Kendrick takes an active role in a wide range of philanthropic endeavors. Molina invested an additional $250,000 in the club between 2009 and 2014. Prospective partners must prove their mettle with different constituencies. Montreal was less than a two-hour drive from his home in Lake Placid, New York.) 9. But the franchise did succeed in getting a handle on its salary situation, and from about 2005 it has ranked near the bottom of the league in payroll most years. Downtown May Fully Awaken, Arizona Republic, March 12, 1995, BB7. The trio is represented by attorney Roger Cohen and his co-counsel, Kathi Sandweiss. Three minority owners are suing Managing General Partner Ken Kendrick over recent ownership share policy changes, Diamondbacks 3, Mariners 6: Melancholy Melancon, Mark Melancon is clearly rounding into mid-season form, but were still figuring out things to talk about, Arizona Diamondbacks Managing General Partner Ken Kendrick is being sued by three minority owners, Diamondbacks Spring Gameday Thread, #8: vs. Mariners. Since 1992, metropolitan Phoenix has hosted the six-team Arizona Fall League, which provides outstanding minor-league prospects with the opportunity to play in a highly competitive atmosphere once their Double-A and Triple-A seasons have concluded. To pay off the deferred salaries, the Diamondbacks raised ticket prices sharply in the early 2000s and eventually traded Schilling to the Boston Red Sox in November 2003 and Johnson to the New York Yankees in December 2004 for prospects and cash. Cohen rejects any notion that the 1% floor constitutes MLB edict. Accessed August 14, 2016: http://azcentral.com/story/news/local/phoenix/2016/08/08/maricopa-county-rejects-most-diamondbacks-request-65-million-chase-field-upgrades/88279408/. While Martin Stone spent a half-decade in single-minded pursuit of big-league baseball for the Phoenix area, the bid that actually brought a major-league team to Arizona came together more serendipitously. Many opponents decried what they perceived as collusion between the citys political and business elite. Stone persuaded Bidwill to join him in building a stadium in the downtown area. The plaintiffs insist that Kendrick is using illegal tactics to purge them from the partnership. More than just a known commodity, Colangelo had the added advantage of being close personal friends with Chicago White Sox and Chicago Bulls owner Jerry Reinsdorf, who actively championed Arizonas bid. 23 Floating on Air, Colangelo Readies Big Party Today; Pedro Gomez, Tickled to Be in Arizona, The Sporting News, December 14, 1998, 80; All Arizona Has to Do Now, Right Now, Is Win., 24 Mike McCloy, Ballpark Looks Like a Million, Arizona Republic, October 13, 1996, B1; Don Ketchum, In the Ballpark, Arizona Republic, November 16, 1995, D4; Come Along on a BOB Tour, Arizona Republic, March 22, 1998, A1; Martin Van Der Wert, 1st Year Is a Tryout for Cooling System, Arizona Republic, March 22, 1998, BP6; Family-Style Attractions Cover All the Bases, Arizona Republic, March 22, 1998, BP10; Bill Muller, Mark Shaffer, and Richard Ruelas, BOB Takes a Bow, Arizona Republic, March 30, 1998, A1; Linda Helser, Diamondbacks May Be Best Pro Sports Bargain in Valley, Arizona Republic, March 29, 1998, C37; Pedro Gomez and Mark Topkin, Scouting the Expansion Cities, The Sporting News, March 30, 1998, 26; Fans Guide: Ticket Prices, March 30, 1998, Arizona Republic, C41. During his 35 years as a Suns executive, the team was a fixture in the Western Conference playoffs and played to large, boisterous crowds, first at the Arizona Veterans Memorial Coliseum on the State Fairgrounds and then at the downtown America West Arena. Both are diehard Diamondbacks fans and season-ticket holders. Process almost always matters in contractual disputes. He is also a PhD candidate in US History at Boston College. Ownership | Arizona Coyotes The three minority owners in question are Alfredo Molina, CEO of a Phoenix-area jewelry company; Jim Weber, a former professional pitcher; and Carlisle Investments. More than 2.5 million people attended games at the Bank One Ballpark (nicknamed the BOB) in each of the franchises first seven seasons. Three minority owners of the Diamondbacks claim that the club and managing general partner Ken Kendrick is illegally trying to force them to either increase their investment in the team or.
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