BREAKING NEWS: Phillies Owners Sell 10% Stake to Steve Carlton and Billionaire Marc Lasry.
Philadelphia, PA – May 9, 2025 — In a stunning development shaking up the ownership landscape of Major League Baseball, the current owners of the Philadelphia Phillies have officially sold a 10% stake in the team to two high-profile buyers: Phillies Hall of Famer Steve Carlton and billionaire investor Marc Lasry.
The deal, confirmed earlier today by team officials, marks a nostalgic return for Carlton, one of the most celebrated players in Phillies history, and an intriguing move by Lasry, co-founder of Avenue Capital Group and a former co-owner of the NBA’s Milwaukee Bucks.
“This is a proud day for me and my family,” Carlton said in a brief statement. “The Phillies are in my blood. To come back not just as a fan or former player, but as an owner, is something I never imagined but always hoped for.”
Lasry, known for his sharp financial acumen and sports investment experience, also expressed excitement: “The Phillies are one of the most iconic franchises in baseball. Partnering with a legend like Steve to support the team’s future is a unique and thrilling opportunity.”
The transaction, reportedly valued in the range of $350–400 million based on the franchise’s estimated total worth, will not change the controlling interest in the team, which remains with the Middleton-led ownership group. However, insiders suggest the move could signal new ambitions for the organization both on and off the field.
Carlton, a four-time Cy Young Award winner and key figure in the Phillies’ 1980 World Series triumph, is expected to take on an advisory role focused on player development and alumni engagement. Lasry, meanwhile, is said to be exploring enhancements to the team’s business strategy, including international market expansion and digital fan experiences.
Reactions among Phillies fans have been overwhelmingly positive, with social media buzzing over the return of “Lefty” to the team in a meaningful way.
The Phillies, currently contending in the National League East, will hold a press conference later this week to formally introduce the new minority owners.
Stay tuned for more updates as this story develops.
