How every MLB owner made their fortune, from Stan Kroenke to Steve Cohen

Mark Powell examines the financial origins and spending habits of Major League Baseball franchise owners across the league. The analysis highlights prominent figures such as Stan Kroenke, who recently acquired a majority stake in the Los Angeles Angels, and Steve Cohen of the New York Mets, noting how their private fortunes influence club payrolls and market competitiveness.

According to the piece, MLB team valuations and luxury tax payrolls vary widely based on ownership backgrounds spanning real estate, private equity, hedge funds, and inherited wealth. Powell argues that while several owners face persistent criticism from fanbases for low spending, the lucrative nature of professional sports continues to boost franchise values across baseball.