Mariners ownership is undergoing a surprising and significant change.
The team announced Wednesday that Nintendo of America had agreed to sell a majority stake in the club to a group headed by minority owner John Stanton, and that CEO and team chairman Howard Lincoln was retiring from day-to-day operations. Stanton will replace Lincoln in both roles.
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The Mariners franchise is valued at $1.4 billion, according to The Seattle Times. Nintendo will retain a 10 percent stake in the team.