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Phillies Ownership Group Changes: Phillies Add Three Stakeholders to Ownership Group

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Mike Lipinski
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Mike Lipinski Sports Editor

Mike Lipinski has been covering Philadelphia sports since 2005. Previous stops include Section 247 Sports, My MMA News, and more. He has been a part of the Sports Talk Philly team since 2019. He is the editor of Philadelphia Phillies content, co-editor for college football covering mainly the Rutgers Scarlet Knights, and dabbling in all other sports. Follow him on social media channels -Twitter & Threads- @MLipinskiSports

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Sports Editor

Published01 Nov 2024

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Philadelphia Phillies managing partner and CEO John Middleton announced the addition of three new investors to the team’s ownership group —Mitchell L. Morgan, Guntram J. Weissenberger Jr, and a silent partner. The Middleman and Middleton families will also contribute additional funds, according to the release.

Two of the new investors are involved in the multi-family construction business. Morgan and his family own and operate Morgan Properties, a multi-portfolio real estate investment company based in Conshohocken. Morgan Properties operates 350 communities in 19 states. Weissenberger is also deeply involved in the apartment business, he owns the King of Prussia based Westover Companies.

The additional three investors will not change the Phillies limited partnership ownership dynamic that has been in place since 1981. Middleton will still serve as the managing parter, CEO, and public face of the ball club.