Coors sells its minority ownership interest in the Rockies

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The ballpark will still be called Coors Field, but Coors is out of the Rockies ownership group. Sports Business Journal reports that the brewer has sold its 14.5% interest in the team:

“Molson Coors is proud of the role we played in bringing a Major League Baseball team to Denver and remains highly supportive of the Colorado Rockies,” the company wrote in a statement emailed to SportsBusiness Journal. “However, we have decided to sell our 14.5% stake in the team so that we can focus our resources more fully on building our global beer business. This transaction has no impact on the naming rights for the stadium, which will remain Coors Field.”

The new minority owner is Jay Stein, a developer from Scottsdale, Arizona who used to be part of the Padres ownership group. Control of the team, of course, remains with Dick and Charlie Monfort.

Report: Reds sign Ben Revere

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The Reds have signed outfielder Ben Revere to a minor league contract with an invitation to spring training, Jon Heyman of FanRag Sports reports. Revere is expected to take home a salary between $1 million and $1.5 million if he makes the major league roster, Heyman adds.

Revere, 29, spent last season with the Angels. He batted a light .275/.308/.344 in 308 plate appearances. Revere does have some speed as he stole 21 bases last year.

Revere will try to earn a spot on the roster as a backup outfielder. The Reds’ starting spots are spoken for with Adam Duvall, Billy Hamilton, and Scott Schebler.