Nintendo will retain a 10 percent stake in the team and sell the remainder of its holdings to Stanton and other members of First Avenue Entertainment (FAE). The limited partnership owns the Mariners and majority interest in regional network ROOT Sports.
Nintendo of America announced Wednesday that it intends to sell its majority stake in the Mariners to a group led by minority owner John Stanton, and that he will replace CEO Howard Lincoln.
Nintendo will retain a 10 percent stake in the team and sell the remainder of its holdings to Stanton and other members of First Avenue Entertainment (FAE).