(NEW YORK) -- Major League Baseball Commissioner Bud Selig announced on Thursday that he plans to retire in January 2015. "It remains my great privilege to serve the game I have loved throughout my life," Selig said in a statement. "Baseball is the greatest game ever invented, and I look forward to continuing its extraordinary growth and addressing several significant issues during the remainder of my term.
"I am grateful to the owners throughout Major League Baseball for their unwavering support and for allowing me to lead this great institution. I thank our players, who give me unlimited enthusiasm about the future of our game. Together we have taken this sport to new heights and have positioned our national pastime to thrive for generations to come. Most of all, I would like to thank our fans, who are the heart and soul of our game."
Selig took over as acting commissioner on Sept. 9, 1992, following the resignation of Fay Vincent. He was formally elected commissioner on July 9, 1998. Before assuming baseball’s top post, he was the owner of the Milwaukee Brewers.
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