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Newark Bears to liquidate assets

Newark BearsThough it was announced in November that the Newark Bears were leaving the Can-Am League, it appears the team is stopping all operations with an liquidation sale set for the end of the month.

The liquidation sale and auction is scheduled for April 26, 10 a.m., at Bears & Eagles Riverfront Stadium.

It’s a sad end to what was once an ambitious plan to bring professional baseball back to Newark. City officials were excited about a new downtown ballpark and the fact that former Yankees catcher Rick Cerone was spearheading the new Atlantic League Bears in 1998. The team drew well in the early days, with the likes of Jose Canseco, Rickey Henderson and Jose Lima donning Bears uniforms in attempts to return to the bigs. But after Cerone sold the team in 2003, subsequent owners never made baseball work at Bears & Eagles Riverfront Stadium, and a 2010 move to the Can-Am League didn’t stop the slide.


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