Seattle Mariners Funding, Investors & Competitors

Discover Seattle Mariners acquisitions, investments and competitors like Suning Sports, ONE Championship, Matchroom and Teamworks.

Seattle Mariners Overview

About Seattle Mariners

Seattle Mariners is an American professional baseball team based in Seattle that competes in Major League Baseball's American League West division. The club joined the American League as an expansion team in 1977, created after Seattle, King County and Washington State sued the league over the Seattle Pilots' 1970 move to Milwaukee, and played at the Kingdome before moving in July 1999 to T-Mobile Park in the SoDo neighbourhood. Nintendo of America bought the team after the 1992 season, with Nintendo chief Hiroshi Yamauchi holding a 49% share; in August 2016 Nintendo sold control to First Avenue Entertainment, a partnership led by John W. Stanton, while keeping 10%, in a deal that valued the franchise, including regional sports network Root Sports Northwest, at $1.4 billion. The team earns revenue from ticket sales, media rights, sponsorship and merchandise. On the field it won AL West titles in 1995, 1997, 2001 and 2025 and set the American League record of 116 wins in 2001, with players including Ken Griffey Jr., Edgar Martínez, Randy Johnson and Ichiro Suzuki, but it is the only active MLB franchise never to reach the World Series. Jerry Dipoto runs baseball operations and Kevin Martinez business operations.


Founded

1977

HQ

United StatesSeattle, WA

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Sectors

Acquisitions by Seattle Mariners

Seattle Mariners has acquired 2 companies to date.

Last acquisition by Seattle Mariners was on August 16th 2016. Seattle Mariners acquired Modesto Nuts for undisclosed valuation.


Latest Acquisitions by Seattle Mariners

Modesto Nuts
ROOT Sports Northwest
Description
Modesto Nuts is a former Minor League Baseball team from Modesto, California, that played in the California League, most recently as the Single-A affiliate of the Seattle Mariners. Home games were played at John Thurman Field, which opened in 1955. Modesto's minor-league club dates to 1946 and also played as the Modesto Reds, the Modesto Colts and, from 1975 to 2004, the Modesto A's before HWS Baseball bought the franchise in 2005 and fans voted for the Nuts name, a nod to the nuts grown in the Central Valley. The team was a Colorado Rockies affiliate from 2005 to 2016, was named California League Organization of the Year in 2010 and 2011, and set attendance records in five straight seasons. After the 2016 season the Mariners bought a majority share, with HWS continuing to run day-to-day operations. Modesto won California League championships in 2017, 2023 and 2024, the 2017 title being its ninth. Diamond Baseball Holdings bought the team on December 12, 2024, and after a final 2025 season the franchise moved to San Bernardino as the Inland Empire 66ers.
ROOT Sports Northwest is a regional sports television network serving Washington, Oregon, Idaho, Montana and Alaska. It started in 1988 as Prime Sports Northwest, later operated as Fox Sports Northwest and took the ROOT Sports name in 2011 under DirecTV Sports Networks. The network's core rights are Seattle Mariners games, and it has also carried the Seattle Kraken and the Portland Trail Blazers. It earns money from carriage fees paid by cable and satellite distributors and from advertising. The Mariners bought a 71% stake in 2013 and took full ownership in 2024, after Warner Bros. Discovery left the regional sports network business.
HQ CountryUnited StatesUnited States
HQ City
Modesto, CA
Bellevue
Deal Date16 Aug 201616 Apr 2013
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Seattle Mariners

Seattle Mariners has invested in 1 company to date.

Latest investment by Seattle Mariners was on December 15th 2023. Seattle Mariners invested in ROOT Sports Northwest in their Secondary round.


Latest Investments by Seattle Mariners

ROOT Sports Northwest
Description
ROOT Sports Northwest is a regional sports television network serving Washington, Oregon, Idaho, Montana and Alaska. It started in 1988 as Prime Sports Northwest, later operated as Fox Sports Northwest and took the ROOT Sports name in 2011 under DirecTV Sports Networks. The network's core rights are Seattle Mariners games, and it has also carried the Seattle Kraken and the Portland Trail Blazers. It earns money from carriage fees paid by cable and satellite distributors and from advertising. The Mariners bought a 71% stake in 2013 and took full ownership in 2024, after Warner Bros. Discovery left the regional sports network business.
HQ CountryUnited States
HQ City
Bellevue
Deal Date15 Dec 2023
RoundSecondary
Raisedundisclosed
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Seattle Mariners Competitors

Seattle Mariners competitors include listed companies like Juventus FC and Ollamani, and private ones like Suning Sports, ONE Championship, Matchroom and Teamworks.

Public and private companies comparable to Seattle Mariners
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Suning SportsChinaNanjingPrivate--$2.6B-
ONE ChampionshipSingaporeSingaporePrivate$68M-$1.4B19.9x
MatchroomUnited KingdomBrentwoodPrivate$303M-$1.3B4.4x
TeamworksUnited StatesDurham, NCPrivate--$1.5B-
Juventus FCItalyItalyPublicly listed$586M$121M$817M2.2x
OllamaniMexicoMexicoPublicly listed$357M$37M$684M1.9x

Seattle Mariners Public Comps

Seattle Mariners is still privately-owned, but its public comps include Juventus FC, Ollamani, Cannae Holdings, Borussia Dortmund, Fenerbahce SK, Olympique Lyon, Parken Sport, Sporting CP, Atlanta Braves Holdings and Manchester United.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Juventus FC$586M$121M2.0x2.2x9.8x10.3x
Ollamani$357M$37M2.2x1.9x21.7x11.5x
Cannae Holdings$424M($162M)1.8x1.9x(4.7x)(12.4x)
Borussia Dortmund$517M$108M0.8x0.7x3.6x3.4x
Fenerbahce SK$174M$17M2.1x-21.3x-
Olympique Lyon$182M($98M)6.1x-(11.3x)-
Parken Sport$283M$84M1.6x-5.5x-
Sporting CP$211M$130M2.3x-3.7x-

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Common questions about Seattle Mariners

When was Seattle Mariners founded?Seattle Mariners was founded in 1977.
Where is Seattle Mariners headquartered?Seattle Mariners is headquartered in Seattle, WA, United States.
Is Seattle Mariners publicly listed?No, Seattle Mariners is a private company.
Which companies are comparable to Seattle Mariners?Companies comparable to Seattle Mariners include Suning Sports, ONE Championship, Matchroom, Teamworks, Juventus FC and Ollamani.
How many companies has Seattle Mariners acquired?Seattle Mariners has acquired 2 companies, including Modesto Nuts and ROOT Sports Northwest.
How many companies has Seattle Mariners invested in?Seattle Mariners has invested in 1 company, including ROOT Sports Northwest.
What was Seattle Mariners' last investment?In December 2023, Seattle Mariners invested in ROOT Sports Northwest's secondary sale.

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