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      <GeneralExplanation>
        <Explanation>It is sent to the counsel for the Trust for additional review prior to signing.</Explanation>
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        <Explanation>Office of the Commissioner monitors this activity.</Explanation>
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          <AddressLine1>100 JOE NUXHALL WAY</AddressLine1>
          <City>CINCINNATI</City>
          <State>OH</State>
          <ZIPCode>452024109</ZIPCode>
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        <EIN>311002055</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>DE</LegalDomicileState>
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          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
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          <BusinessNameLine1>COLORADO ROCKIES BASEBALL CLUB LTD</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>2001 BLAKE STREET</AddressLine1>
          <City>DENVER</City>
          <State>CO</State>
          <ZIPCode>802052000</ZIPCode>
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        <PrimaryActivity>BASEBALL</PrimaryActivity>
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          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
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        <NameOfRelatedOrg>
          <BusinessNameLine1>HOUSTON ASTROS LLC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 288</AddressLine1>
          <City>HOUSTON</City>
          <State>TX</State>
          <ZIPCode>770010288</ZIPCode>
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        <EIN>742051157</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>TX</LegalDomicileState>
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          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
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      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>MIAMI MARLINS LP</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>501 MARLINS WAY</AddressLine1>
          <City>MIAMI</City>
          <State>FL</State>
          <ZIPCode>33125</ZIPCode>
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        <EIN>650967217</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>DE</LegalDomicileState>
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          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
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      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>LOS ANGELES DODGERS LLC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>1000 ELYSIAN PARK AVENUE</AddressLine1>
          <City>LOS ANGELES</City>
          <State>CA</State>
          <ZIPCode>900121199</ZIPCode>
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        <EIN>200343133</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
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          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
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      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>MILWAUKEE BREWERS BASEBALL CLUB LP</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>ONE BREWERS WAY</AddressLine1>
          <City>MILWAUKEE</City>
          <State>WI</State>
          <ZIPCode>53214</ZIPCode>
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        <EIN>391136376</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>WI</LegalDomicileState>
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          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
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      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>MINNESOTA TWINS LLC</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>1 TWINS WAY</AddressLine1>
          <City>MINNEAPOLIS</City>
          <State>MN</State>
          <ZIPCode>55403</ZIPCode>
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        <EIN>411519609</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>DE</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
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      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>NEW YORK YANKEES LIMITED PARTNERSHIP</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>ONE EAST 161ST STREET</AddressLine1>
          <City>BRONX</City>
          <State>NY</State>
          <ZIPCode>10451</ZIPCode>
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        <EIN>341122131</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>OH</LegalDomicileState>
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          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
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      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>PADRES LP</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 1220000</AddressLine1>
          <City>SAN DIEGO</City>
          <State>CA</State>
          <ZIPCode>921122000</ZIPCode>
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        <EIN>330644351</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>DE</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
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      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>THE PHILLIES</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>ONE CITIZENS BANK WAY</AddressLine1>
          <City>PHILADELPHIA</City>
          <State>PA</State>
          <ZIPCode>191485249</ZIPCode>
        </AddressUS>
        <EIN>232186951</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>PA</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
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      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>PITTSBURGH ASSOCIATES</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 7000</AddressLine1>
          <City>PITTSBURGH</City>
          <State>PA</State>
          <ZIPCode>15212</ZIPCode>
        </AddressUS>
        <EIN>251512457</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>PA</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
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      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>ST LOUIS CARDINALS LLC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>700 CLARK STREET</AddressLine1>
          <City>ST LOUIS</City>
          <State>MO</State>
          <ZIPCode>63102</ZIPCode>
        </AddressUS>
        <EIN>431732671</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>MO</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
      </Form990ScheduleRPartIII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>SAN FRANCISO BASEBALL ASSOCIATES LP</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>24 WILLIE MAYS PLAZA</AddressLine1>
          <City>SAN FRANCISCO</City>
          <State>CA</State>
          <ZIPCode>94107</ZIPCode>
        </AddressUS>
        <EIN>943169394</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>DE</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
      </Form990ScheduleRPartIII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>STERLING METS LP</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>126-01 ROOSEVELT AVENUE</AddressLine1>
          <City>FLUSHING</City>
          <State>NY</State>
          <ZIPCode>11368</ZIPCode>
        </AddressUS>
        <EIN>112834957</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>DE</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
      </Form990ScheduleRPartIII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>TAMPA BAY RAYS BASEBALL LTD</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>ONE TROPICANA DRIVE</AddressLine1>
          <City>ST PETERSBERG</City>
          <State>FL</State>
          <ZIPCode>33705</ZIPCode>
        </AddressUS>
        <EIN>593300424</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>FL</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
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      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>RANGERS EXPRESS LLC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 90111</AddressLine1>
          <City>ARLINGTON</City>
          <State>TX</State>
          <ZIPCode>76011</ZIPCode>
        </AddressUS>
        <EIN>272208889</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>DE</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
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      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>ROGERS BLUE JAYS BASEBALL PARTNERSHIP</BusinessNameLine1>
        </NameOfRelatedOrg>
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          <AddressLine1>1 BLUE JAYS WAY SUITE 3200</AddressLine1>
          <City>TORONTO</City>
          <Country>CA</Country>
        </AddressForeign>
        <EIN>980338956</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileForeignCountry>CA</LegalDomicileForeignCountry>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
      </Form990ScheduleRPartIII>
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>WASHINGTON NATIONALS BASEBALL CLUB LLC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>1500 SOUTH CAPITOL STREET SE</AddressLine1>
          <City>WASHINGTON</City>
          <State>DC</State>
          <ZIPCode>200031507</ZIPCode>
        </AddressUS>
        <EIN>205145890</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>DC</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PredominantIncomeType>N/A</PredominantIncomeType>
      </Form990ScheduleRPartIII>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>ATLANTA NATIONAL LEAGUE BASEBALL CLUB INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 4064</AddressLine1>
          <City>ATLANTA</City>
          <State>GA</State>
          <ZIPCode>30302</ZIPCode>
        </AddressUS>
        <EIN>581251243</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>GA</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PercentageOwnership>0.00000</PercentageOwnership>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>DETROIT TIGERS INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>2100 WOODWARD AVENUE</AddressLine1>
          <City>DETRIOT</City>
          <State>MI</State>
          <ZIPCode>482013477</ZIPCode>
        </AddressUS>
        <EIN>383060780</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>MI</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PercentageOwnership>0.00000</PercentageOwnership>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>KANSAS CITY ROYALS BASEBALL CORP</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 419969 ONE ROYAL WAY</AddressLine1>
          <City>KANSAS</City>
          <State>MO</State>
          <ZIPCode>64129</ZIPCode>
        </AddressUS>
        <EIN>430902508</EIN>
        <PrimaryActivity>BASEBALL</PrimaryActivity>
        <LegalDomicileState>MO</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <PercentageOwnership>0.00000</PercentageOwnership>
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      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
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  </ReturnData>
</Return>