The Oakland Athletics got two more new owners yesterday: General Manager Billy Beane and team president Michael Crowley.
Lewis Wolff was introduced as the new managing partner of the A's at a small ceremony at the Coliseum in Oakland, Calif., and then announced that Beane and Crowley will have small ownership stakes in the club. It was a reward for the two men who have built the small-market team into a perennial playoff contender and a profitable business.
Managing partner Lewis Wolff is at the center of ceremony introducing Michael Crowley, left, and Billy Beane.
(Paul Sakuma -- AP)
Beane also received a contract extension through 2012, while Crowley's deal was extended through 2008.
"One of the great things now is the stability it brings," said Beane, who has led the club to four playoff appearances and the AL's second-best record during his seven years as GM.
Wolff, a Los Angeles real-estate mogul, and his partners, including The Gap heir John Fisher, completed their purchase of the A's on Thursday from a group led by Steve Schott, who will remain as a minority owner. Beane might be the only GM in baseball with an ownership stake in his team.
Fisher, the reclusive billionaire who's putting up most of the money for the estimated $180 million purchase, didn't attend the news conference.
-- From News Services