In 1977, he and several partners formed Citation Builders, a real-estate and residence-development company; in 1988 he bought out his partners' shares, reformed the company as a family-run business,
Citation Homes Central, and moved it to
Santa Clara, California. Despite employing fewer than 25 people, Citation is now one of the largest homebuilders in the state of California, and has been responsible for the construction of over 50,000 individual residences.
Ownership of the Oakland Athletics In
1995, he and partner
Ken Hofmann purchased the
Oakland Athletics from the
Walter A. Haas Jr. estate. Under their patronage, general manager
Billy Beane's novel management and player-procurement strategies allowed the A's, though a "small-market" club, to make the post-season playoffs despite being restricted by financially limited budgets. Beane's approach to obtaining success within Schott's constraints was documented in Michael Lewis's book
Moneyball: The Art of Winning an Unfair Game. Schott appears as a character in the 2011 film adaptation
Moneyball, played by
Activision Blizzard CEO
Bobby Kotick. Schott and Hofmann sold the A's to a group of Los Angeles real estate developers, headed by
Lewis Wolff, in
2005.
Life and career after Major League Baseball In 2003,
Santa Clara University began to develop plans to build a new baseball field, allowing their nationally recognized soccer team unrestricted access to pre-existing
Buck Shaw Stadium. The project floundered under lack of funds until Schott donated $4 million, over half the stadium's total cost. The resulting facility—the
Stephen Schott Stadium—opened April 30, 2005, with a game against
Gonzaga University. ==Personal life==