AP

Washington Nationals owner Ted Lerner dies at 97

Feb 13, 2023, 9:27 AM | Updated: 12:10 pm

FILE - Washington Nationals owner Ted Lerner is shown in the dugout before a spring training baseba...

FILE - Washington Nationals owner Ted Lerner is shown in the dugout before a spring training baseball game against the Houston Astros, Feb. 28, 2017 in West Palm Beach, Fla. Washington Nationals founder Ted Lerner has died. He was 97. Lerner bought the team from Major League Baseball in 2006 for $450 million. He was managing principal owner until ceding that role to son Mark in 2018. (AP Photo/John Bazemore, file)

(AP Photo/John Bazemore, file)

WASHINGTON (AP) — Ted Lerner, the billionaire real estate developer whose family bought the Washington Nationals in 2006, has died, the team announced Monday. He was 97.

A Nationals spokesperson said Lerner died Sunday of complications from pneumonia at his home in Chevy Chase, Maryland.

Lerner’s group purchased the Nationals from Major League Baseball in 2006 for $450 million after the team was moved to the U.S. capital from Montreal. He was managing principal owner until ceding that role to son Mark in 2018.

Under the Lerners’ ownership, the Nationals went from one of baseball’s worst teams in their first several seasons in Washington to World Series champions in 2019. The Lerners also are credited with revitalizing the city’s Navy Yard area since Nationals Park opened in 2008.

“It is with great sadness that we announce the passing of Founding Managing Principal Owner Theodore N. Lerner,” the team said in a statement. “The crowning achievement of his family business was bringing baseball back to the city he loved — and with it, bringing a championship home for the first time since 1924. He cherished the franchise and what it brought to his beloved hometown.”

Lerner was born in 1925, the year after the Washington Senators beat the New York Giants in the World Series. That franchise left the city in 1960 to become the Minnesota Twins, and its expansion replacement lasted a decade before moving to Texas as the Rangers.

Washington did not have a baseball team until MLB assumed control of the Expos and moved them there from Montreal in 2005. The group led by the Lerners was chosen as the winning bidder.

Last year, the Lerners began exploring the possibility of selling the team, which is worth $2 billion, according to Forbes, which estimates the family’s net worth is $6.6 billion thanks to the Nationals and Lerner Enterprises, one of the largest property-owning companies in the Washington area.

MLB Commissioner Rob Manfred in a statement called Lerner “an extraordinary American success story” — a former stadium usher who brought baseball back to prominence in the nation’s capital.

“I have great appreciation for Ted’s impact on his hometown and the game he loved,” Manfred said. “The Nationals have always remained loyal to Ted’s vision of unity, philanthropy and civic pride in Washington.”

___

AP National Writer Howard Fendrich contributed to this report.

___

AP MLB: https://apnews.com/hub/mlb and https://twitter.com/AP_Sports

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

The U.S. Supreme Court is seen, Thursday, Feb. 8, 2024, in Washington. The U.S. Supreme Court has h...

Associated Press

Supreme Court decision on Trump’s election status could come Monday morning

A SCOTUS decision could come Monday in the case about whether Trump can be kicked off the ballot over his efforts to undo his 2020 defeat.

2 hours ago

Republican presidential candidate former UN Ambassador Nikki Haley poses for a selfie after speakin...

Associated Press

Nikki Haley wins D.C. Republican primary, her first 2024 victory

Nikki Haley has won the Republican primary in the District of Columbia, notching her first victory of the 2024 campaign.

3 hours ago

An Apache group that has fought to protect land it considers sacred from a copper mining project in...

Associated Press

A US appeals court ruling could allow mine development in central Arizona on land sacred to Apaches

An Apache group that has fought to protect land from a copper mining project in central Arizona suffered a significant blow.

8 hours ago

On Friday, March 1, 2024, the U.S. Food and Drug Administration said yogurt sold in the U.S. can ma...

Associated Press

Eating yogurt may reduce risk of type 2 diabetes, FDA says

Eating at least two cups of yogurt a week might reduce the risk of type 2 diabetes, the U.S. Food and Drug Administration said.

10 hours ago

Arizona will not approve new housing construction on the fast-growing edges of metro Phoenix that r...

Associated Press

Arizona Senate passes plan to manage rural groundwater, but final success is uncertain

A plan to manage rural groundwater passed the Arizona Senate amid concerns about the availability of sufficient water for future generations.

2 days ago

A woman pauses while shopping at a Kohl's store in Clifton, N.J., Jan. 26, 2024. On Thursday, Feb. ...

Associated Press

Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices

An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month.

3 days ago

Sponsored Articles

...

Day & Night Air Conditioning, Heating and Plumbing

Day & Night is looking for the oldest AC in the Valley

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.

...

Fiesta Bowl Foundation

The 51st annual Vrbo Fiesta Bowl Parade is excitingly upon us

The 51st annual Vrbo Fiesta Bowl Parade presented by Lerner & Rowe is upon us! The attraction honors Arizona and the history of the game.

...

Canvas Annuity

Interest rates may have peaked. Should you buy a CD, high-yield savings account, or a fixed annuity?

Interest rates are the highest they’ve been in decades, and it looks like the Fed has paused hikes. This may be the best time to lock in rates for long-term, low-risk financial products like fixed annuities.

Washington Nationals owner Ted Lerner dies at 97