We're received two reports that the Schaumburg Flyers, on the block for several months, have been sold, with the purchase already approved by Northern League owners.
We're received two reports that the Schaumburg Flyers (independent; Northern League), on the block for several months, have been sold to a local ownership group, with the purchase already approved by Northern League owners.
Not a surprise: the team has been on the block for
several months more than a year, as lead owner Rich Ehrenreich had been focusing his efforts on launching another Northern League franchise. A closing is planned before the start of the season.
Observers put the purchase price at between $2 million and $3 million, including debt assumptions. The move will free Ehrenreich and crew to focus on the opening of a new ballpark in Zion, Ill. for the Lake County Fielders (independent; Northern League); that ballpark is slated to open this summer.
Share your news with the baseball community. Send it to us at email@example.com.
Subscribers to the weekly Ballpark Digest newsletter see features before they're posted to the site. You can sign up for a free subscription at the Newsletter Signup Page.