Stephen Schott

Stephen Schott (born 1939) is a real estate developer and businessman from California, best known for his ten-year co-ownership of the Oakland Athletics.

Stephen C. Schott
Born1939 (age 81–82)
NationalityUnited States
EducationB.A. Santa Clara University
Occupationreal-estate developer
Known forformer owner of the Oakland Athletics

Early life and education

Schott was born to a Roman Catholic family in Santa Clara, California in 1939. His father was a part-time professor at the Santa Clara University and then worked as an engineer in the public works department for the city of Santa Clara.[1] As a youth, Schott worked in the local fruit orchards and sold prunes from the trees on his father's property. At the age of 16, he began working on road survey crews.[1] He attended the Bellarmine College Preparatory School and then, after qualifying on a partial baseball scholarship, graduated in 1960 from Santa Clara University with a degree in business and management.[1] Both schools now bear buildings in his name (see Stephen Schott Stadium). After school, he joined the Army, and then when he completed his service, he took an accounting job with Ford Motor Company in Milpitas, California. After one year, he took a job with a home builder.[1]

Career

In 1977, he and several partners formed Citation Builders, a real-estate and residence-development company; in 1988 he bought out his partners' shares, reformed the company as a family-run business, Citation Homes Central, and moved it to Santa Clara, California. Despite employing fewer than 25 people, Citation is now one of the largest homebuilders in the state of California, and has been responsible for the construction of over 50,000 individual residences.

Ownership of the Oakland Athletics

In 1995, he and partner Ken Hofmann purchased the Oakland Athletics from the Walter A. Haas Jr. estate. Under their patronage, general manager Billy Beane's novel management and player-procurement strategies allowed the A's, though a "small-market" club, to make the post-season playoffs despite being restricted by financially limited budgets. Beane's approach to obtaining success within Schott's constraints was documented in Michael Lewis's book Moneyball: The Art of Winning an Unfair Game. Schott and Hofmann sold the A's to a group of Los Angeles real estate developers headed by Lewis Wolff, in 2005.

Life and career after Major League Baseball

In 2003, Santa Clara University began to develop plans to build a new baseball field, allowing their nationally recognized soccer team unrestricted access to pre-existing Buck Shaw Stadium. The project floundered under lack of funds until Schott donated USD $4 million, over half the stadium's total cost. The resulting facility—the Stephen Schott Stadium — opened April 30, 2005, with a game against Gonzaga University.

Personal life

Stephen Schott and his wife Patricia have three children: Lisa Schott, Stephen E. Schott Jr. and Kristen Schott.[2] His son Stephen Schott Jr. is slated to take over the Citation Homes business. Reclusive by nature, Schott avoids the public eye, and a true estimate of his total net worth has not been released.

References
  1. Horatio Alger Association: "Stephen C. Schott" Archived October 18, 2014, at the Wayback Machine retrieved October 12, 2014
  2. Oakland Athletics: "Steve Schott Owner, Managing General Partner". Retrieved October 12, 2014
Preceded by
Sandy Alderson		 Oakland Athletics President
1995–1996		 Succeeded by
Sandy Alderson
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