Bill Streicher
The Phillies announced Friday that they've added three new limited partners to the ownership group led by managing partner John Middleton.
Mitchell L. Morgan and Guntram J. Weissenberger Jr. have joined the ownership group, as well as a third person who chose to remain anonymous.
The Phillies gave the following bio on Morgan:
Morgan is founder, chairman and chief executive officer of Conshohocken, Pa.-based Morgan Properties, a leading real estate investment management firm. His sons, Jonathan and Jason Morgan, oversee the day-to-day business operations of Morgan Properties and represent the next-generation leaders growing the platform. Morgan Properties owns a multifamily portfolio comprising over 96,000 units across more than 350 communities in 19 states. The company is the nation’s largest private multifamily property owner and the third-largest apartment owner in the country. Through the Morgan Family Foundation, Morgan, his wife Hilarie and their children, Jonathan, Brittany and Jason, have supported countless philanthropic organizations in the Philadelphia area including a recent $50 million donation to the Children’s Hospital of Philadelphia (CHOP) to create a state-of-the-art facility, the Morgan Center for Research and Innovation, and fund life-changing research. Additionally, Morgan currently serves as the chairman of the Board of Trustees of Temple University. The Morgan family is also one of the limited partners in the Washington Commanders.
This is what the Phillies passed along on Weissenberger:
Weissenberger is president of Westover Companies, founded in 1965 and headquartered in King of Prussia, Pa. Westover Companies provides quality living for its residents at nearly 15,000 apartments in over 70 communities in the Philadelphia suburbs, New York, New Jersey, Delaware, Maryland and Florida. Additionally, Westover Companies manages commercial and retail space in the Philadelphia area. Weissenberger and his employees have been strong supporters of Alex’s Lemonade Stand, Project HOME, hope+door and other non-profit organizations.
Middleton had the the following to say on the additional limited partners being added.
“We are fortunate to have three new investors, all of whom have lifelong, multi-generational ties to the Philadelphia region and its business, academic and charitable communities,” Middleton said. “Their significant investment is a vote of confidence in our baseball operations, and the financial resources they are providing will allow us to pursue our strategic growth opportunities and long-term goals. Additionally, their strong commitment to Philadelphia and their philanthropic leadership perfectly aligns with the Phillies, making them the ideal partners to continue to grow our franchise.”
Also of note in the release is that Middleton and Stan Middleman — who became a limited partner in July of 2023 — "will be contributing additional funds." Middleton continues to be the control person for the organization, while the Buck Family, Montgomery Family and former general manager Pat Gillick also have stakes in the team.
A Phillies spokesperson declined to get into specifics on what percentages each limited partner owns in the team, but told On Pattison that no partner owns a majority of the team.
