Lew Wolff is stepping down as the managing partner of the Athletics and will sell the majority of his stake in the team to the remaining partners, reports Susan Slusser of the San Francisco Chronicle. Wolff will be chariman emeritus moving forth, per Slusser, and majority owner John Fisher will assume his previous role as the team’s managing partner.
Furthermore, Slusser reports that Michael Crowley will no longer serve as the team’s president and will become a senior advisor to the ownership group. Dave Kaval, president of Major League Soccer’s San Jose Earthquakes, will become the new team president in Oakland, according to Slusser.
“I want to thank Lew for his leadership over the last 11 years,” said Fisher in a press release formally announcing the ownership shakeup. “His initiative and love of the game of baseball brought my family to the A’s, and we would not be involved without him. Lew has given the organization all of his energy and experience for the last 11 years and I look forward to a new chapter in our working relationship and friendship. It is a privilege for me to steward the A’s at this important moment for the franchise.”
The exact ramifications that this transition will have on Oakland’s hunt for a new stadium remain to be seen, but Kaval briefly addressed the issue in a statement of his own: “Given my longstanding love of baseball and my experience building Avaya Stadium (the Earthquakes’ home stadium), I am enthusiastic to join the Athletics as the Club pursues a world-class ballpark in Oakland for the best fans in baseball.”