Stanley C. Middleman, a Philadelphia native and Temple University graduate who founded a mortgage bank in New Jersey, agreed last week to buy one-third of the Buck family’s interest in the team, Phillies managing partner John Middleton announced Tuesday. The deal, which is expected to be finalized next month, is also pending approvals from Major League Baseball.
”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. “As evidenced by the great success of Freedom Mortgage, Stan is driven to succeed. I admire his passion, commitment and perseverance in building his business. Those qualities, and many more, make Stan an important addition to our ownership group.
Middleman, 69, founded Freedom Mortgage Corporation in 1990. With its headquarters in Mount Laurel, the company describes itself as being “ranked in the top 10 mortgage originators nationally.”