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Pirates Owners Request 'Change Of Control'

Jan 12, 2007 1:38 PM EST

Pirates CEO Kevin McClatchy and Chairman of the Board Robert (Bob) Nutting have requested that an official ?change of control? within the Pirates ownership group be approved by Major League Baseball. Control of the Pirates will change from Kevin McClatchy to Bob Nutting, pending approval by MLB Owners. Mr. McClatchy, as the club?s CEO, remains responsible for the day-to-day operations of the organization. As Chairman of the Board and control person for the team, Mr. Nutting?s role is to provide strategic leadership for the organization. ?I am deeply and resolutely committed to the success of the Pittsburgh Pirates both on and off the field. I understand how important the Pirates are to the people of this region and I share in their passion to see this team succeed,? Mr. Nutting said. ?Kevin was very supportive of this change of control, and it should provide absolute clarity for our fans regarding the ownership structure of the team.?

Via Press Release