The Philadelphia Phillies are a professional baseball franchise located in Philadelphia, Pennsylvania. Founded in 1883, the Phillies rank among the oldest teams in Major League Baseball (MLB) and compete in the National League (NL) East division. Since 2004, they have hosted their home games at Citizens Bank Park, a venue that has become iconic for sports enthusiasts in Philadelphia.
The team boast two World Series championships: their first came in 1980 against the Kansas City Royals, followed by another victory in 2008 versus the Tampa Bay Rays. Additionally, they have claimed eight National League pennants. Notably, with their initial title win in 1980, the Phillies were the last of the original 16 pre-expansion teams to secure a World Series championship. Having completed a remarkable run of 120 continuous seasons and totaling 140 seasons since its inception in 1883, as of the conclusion of the 2023 season, the Phillies have participated in 21,486 games. Their regular-season record stands at 10,112–11,259–115 (.473).
Philadelphia Phillies worth
As of March 2024, Forbes estimates the Philadelphia Phillies' value at $2.925 billion. This marks a notable rise of 14% compared to last year’s valuation of $2.6 billion in 2023 and in 2022 the team was valued at $2.3 billion.
The current net worth assessment consists of several components: the sports operations are valued at $486 million, while the market value is pegged at $1.386 billion. Additionally, the stadium holds a worth of $637 million, and the brand itself is estimated to be valued at $415 million. These statistics highlight the Phillies’ solid financial health and their significant status within Major League Baseball.
Philadelphia Phillies owner
The primary owner of the Philadelphia Phillies is John Middleton, who occupies the role of managing partner for the franchise. Middleton’s association with the team began in 1994 when he acquired a minority interest for $18 million, which amounted to 15 percent ownership. Over time, he expanded his stake significantly and reached a total of 48 percent by 2014.
In November 2016, during an MLB owners’ meeting, he was appointed as the control person for the Phillies. This designation makes Middleton primarily accountable for managing the team’s operations while ensuring adherence to Major League Baseball's rules and guidelines.
Additionally, Stanley C. Middleman possesses a 16.25% share in the Phillies; this interest is part of holdings by the family of former owner William C. Buck.
Dave Dombrowski currently holds the title of president of baseball operations for Major League Baseball's Philadelphia Phillies. He was appointed to this position on December 11, 2020. On November 22, 2022, Dombrowski received a contract extension that will keep him with the organization through the conclusion of the 2027 season.
FAQs on Philadelphia Phillies
A. The Philadelphia Phillies were founded in 1883, making them one of the oldest franchises in Major League Baseball.
A. The Phillies have won two World Series titles, in 1980 and 2008.
A. The Phillies play their home games at Citizens Bank Park, which opened in 2004.
A. The principal owner is John Middleton, who has been involved with the team since 1994 and became the control person in 2016.
A. The Phillies have won eight National League pennants throughout their history, as of the 2023 season end.
