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Stanley Middleman buys ownership stake in Phillies

John Middleton, the Phillies’ managing partner and CEO, announced the addition of Stanley Middleman as a limited partner on Tuesday.

PHILADELPHIA — Editor's note: The above video is from June 5.

Stanley C. Middleman is buying an ownership stake in the Philadelphia Phillies.

John Middleton, the Phillies’ managing partner and CEO, announced the addition of Middleman as a limited partner on Tuesday.

“This is a significant moment in our partnership’s history as it is only the second time in over 40 years that we have added a new partner,” Middleton said in a statement.

Middleman, a Philadelphia native and lifetime Phillies fan, owns a mortgage company based in South Jersey.

“It truly is a dream come true,” he said.

Middleman’s addition will become official in July following approval by Major League Baseball.

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