Miles Prentice

E. Miles Prentice, III (born 1942) is an attorney in New York City and owner of minor league baseball teams.

Biography

Prentice was born in New Jersey and received an AB from Washington & Jefferson College in 1964 and his law degree from the University of Michigan in 1967 and was admitted to the bar in New York in 1973. He is a partner at the law firm Eaton & Van Winkle LLP where his specialty is international and domestic commercial and financial law.[1] His Eaton profile says he has extensive experience in the "acquisition of companies, formation of joint enterprises, transfers of technology, financings (through the public markets and privately, including asset and project-based financings) and general operations."[2]

Prentice purchased the Midland Angels after the 1989 season. The 1990 Angels program states that he served in the U.S. Army from 1968 through 1970 and that he was raised in Montpelier, Vermont.

Since the 1990s Prentice has made so far unsuccessful overtures to buy the Kansas City Royals, Milwaukee Brewers, Cincinnati Reds, Boston Red Sox[3] and Houston Astros.[4] At least one of his bids foundered due to concerns that he was underfinanced. When he bid for the Royals in 2000, his offer of $120 million was actually the largest submitted. However, MLB requires prospective owners to have enough net worth to withstand substantial losses, and Prentice didn't have it.[5]

Sports franchises
gollark: Infrastructure projects run over budget and over time all the time for no apparent reason.
gollark: I don't mean the cabinet, I mean the rest of the government and large companies.
gollark: It seems like regardless of how you pick the leaders and whatever, big organisations just operate increasingly badly over time/scale.
gollark: In any case, I don't even know if there's any way to get stable, fair and actually competent large-scale governance at this point.
gollark: Hmm.

References
  1. "E. Miles Prentice, III - Lawyer in New York, New York (NY)". Lawyers.com. 2008-09-15. Retrieved 2010-11-30.
  2. "E. Miles Prentice, III | Eaton & Van Winkle". Eaton & Van Winkle LLP. Retrieved 2016-10-26.
  3. "Sale of Red Sox approved". CBC News. 2002-01-16.
  4. McTaggart, Brian (November 22, 2011). "Crane group officially takes control of Astros: Ownership transfer from McLane completed on Tuesday". MLB.com. Major League Baseball Advanced Media. Retrieved November 22, 2011.
  5. "Archived copy". Archived from the original on 2011-07-08. Retrieved 2011-07-08.CS1 maint: archived copy as title (link)


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