Bryn Mawr resident John Middleton wasn’t always in the public eye. But in recent years, as the Philadelphia Phillies’ managing partner and principal owner, he’s become more well-known. And this season, Middleton is taking big risks with huge payoffs.
The team went over the Major League Baseball’s $230 million salary cap in pursuit of free agents among the likes of Kyle Schwarber and Zack Wheeler. Now the Phillies will be subject to a luxury tax, writes John George for the Philadelphia Business Journal.
The team’s place in this season’s World Series seems to prove it to be a worthy investment
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