Ted Lerner, the billionaire real estate developer whose family bought the Washington Nationals in 2006, has died, the team announced Monday. He was 97.
A Nationals spokesperson said Lerner died Sunday of complications from pneumonia at his home in Chevy Chase, Maryland.
Lerner’s group purchased the Nationals from Major League Baseball in 2006 for $450 million after the team was moved to the U.S. capital from Montreal. He was managing principal owner until ceding that role to son Mark in 2018.
Ted Lerner is the reason baseball came back to DC after 33 years.
Thank you, Ted.
Rest in peace. pic.twitter.com/FCgEchEYmO
— Washington Nationals (@Nationals) February 13, 2023
Breaking news: Ted Lerner dies at 97. The real estate magnate became the owner of the Washington Nationals and oversaw their rise to prominence. https://t.co/pih7hGc1Q7
— The Washington Post (@washingtonpost) February 13, 2023
