Former Texas Rangers team owner Brad Corbett has died at age 75 on Monday.

Corbett was the primary owner of the Major League Baseball (MLB) team for six years from 1974 to 1980. He died peacefully at his home in Fort Worth, Texas on Christmas Eve according to the Associated Press.

Although he had not been sick recently, the baseball giant died in his sleep on Monday, said his daughter Pamela Corbett Murrin, according to AP.

Meanwhile, Corbett is being mourned by many of those that knew him, including the Texas Rangers.

"The Texas Rangers are saddened to hear of the death of Brad Corbett," said the team in a statement. "His tenure as owner was marked by a passion and drive to bring a winning team to the fans of North Texas."

During Corbett's ownership, the Rangers saw six managers within six years, with four appearing in the 1977 season alone. In that same year, the team celebrated 94 victories - the most in Rangers history until 1999, according to the team's website.

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Furthermore, the Rangers reflected on Corbett's attitude.

"The spirit in which Mr. Corbett served as the owner of the Rangers will be remembered always," the statement noted.

Corbett is also being honored on social media sites including Twitter on Thursday.

"Very sad news," started Gina. " He was a lovely man. Former Texas Rangers owner Brad Corbett dies."

Jamey posted, "Heard from a friend of the Brad Corbett family that the ex-Rangers owner passed away peacefully last night. So many good stories. #RIP"

"RIP Brad Corbett #Rangers," wrote James.

"The loss of ex-Rangers owner Brad Corbett is also a loss for Fort Worth," wrote Bud.

Following his tenure as the Rangers owner, Corbett sold the team to Fort Worth oil tycoon Eddie Chiles in 1980.