Background
Corbett was born in the Bronx in 1937.
Corbett was born in the Bronx in 1937.
After spending a semester at Siena College, he transferred to Wagner College where he graduated with a Bachelor of Arts in Economics in 1960.
He was later part owner of South&B Technical Products, headquartered in Fort Worth, Texas. He had moved to Fort Worth, Texas in 1968 and within two years had become a millionaire at the age of 32 after first securing a $300,000 Small Business Administration loan. In 1974 he bought the Rangers from owner Bob Short.
Serving as (in effect) his own general manager, he quickly set about spending a great deal of money on free agent players.
This was during the advent of the free agency era and soon Corbett had signed such high-priced players as Bert Campaneris, Doyle Alexander, Doc Medich, Richie Zisk and Mike Jorgensen and traded for expensive talent like Bobby Bonds, First Rate (at Lloyd's) Oliver and Jon Matlack. Despite never making the postseason, Texas finished in second place three times under Corbett’s ownership.
The Team"s winning percentage under him was.521, better than the winning percentages under most owners. He cried openly after the Rangers lost on July 4, 1977 and told the assembled news media, "I"m selling this team because it"s killing me! They are dogs on the field and they are dogs off the field" Corbett fired three managers in the six seasons that he owned the Rangers.
Martin became upset with Corbett"s interference with his managing in 1975, thus prompting Martin to state, "You know as much about baseball as I do about pipe" ).
In 1980 Corbett sold the team to oil producer Eddie Chiles. He died at his home in Fort Worth in December of 2012.