If he is successful, Watkins would become the first black to be majority owner of a major league team.
It has one black majority owner among its 30 teams.
"Like its majority owner, we did not think it was in the best interests of our shareholders to make a further investment."
The majority owner, Klein served as the team's president and head of operations.
In 1919, he forced Rosenthal out and became majority owner.
Ned Doyle took over as majority owner of the team after the season.
After her tenure, there were no majority owners until 1920.
He was named majority owner of the team in 1975.
By 1921 he was the majority owner, maintaining that status into the 1930s.
Savage was the majority owner of the team until his death on November 21, 2009 at age 58.