The Greensboro Grasshoppers (Low Class A; Sally League) are now the proud owners of NewBridge Bank Park, paying $12.8 million for the ballpark. Greensboro Baseball LLC closed on a deal to buy the facility from Joseph M. Bryan Foundation of Greater Greensboro. As you’ll recall, it took years of effort and a lot of work […]
Tag Archives | purchase
Chiefs extend Alliance Bank Stadium lease; will look at buying ballpark
The Syracuse Chiefs (Class AAA; International League) negotiated a new lease for Alliance Bank Stadium that gives them an option to buy for $3.05 million — a deal that seems destined to happen. Onondaga County had put management of the ballpark, as well as its downtown arena, up for bid and attracted five offers. At […]
Mets/Einhorn deal collapses
David Einhorn’s bid to buy a minority share of the New York Mets has fallen through, leaving the team to beat the bushes for other limited investors. The official word is that the Mets ownership, which could owe upwards of a billion dollars as a result of investments with swindler Bernie Madoff, can cover this […]
Einhorn negotiating for chunk of Mets
David Einhorn, a high-profile Wall Street investor who seeks to find value in underperforming corporations, is negotiating to buy a non-controlling stake in the New York Mets. Einhorn is a big baseball fan, growing up in Milwaukee and playing ball as a kid. He’s made his mark in the financial world as a hedge-fund manager, […]
SIB buys Grand Prairie Airhogs
Southern Independent Baseball (SIB), which already owns two American Association teams, finally breaks into the greater Dallas–Fort Worth market with the acquisition of the Grand Prairie Airhogs (independent; American Association). SIB already owns the Shreveport-Bossier Captains and the Amarillo Sox. The group is based in Dallas and had previously worked to bring a team to […]
Main Street Baseball buys High Desert Mavericks
Main Street Baseball, the owner of the Quad Cities Bandits (Low Class A; Midwest League), is adding another team to its portfolio after closing on a purchase of the High Desert Mavericks (High Class A; California League) from Bobby Brett and Brett Sports. Terms of the deal were not released. Main Street Baseball is owned […]
Padres make it official: Beavers to Tucson in 2011
It’s the worst-kept secret in Minor League Baseball, one we reported a few weeks ago: the San Diego Padres will place the Portland Beavers in Tucson Electric Park for 2011 and possibly beyond, according to a press release issued by the club. An ownership group, led by the Padres’ Jeff Moorad, are in the process […]
Padres: Leaving Bevos permanently in Tucson is option
With the electoral landscape and support for total public funding of a new Escondido ballpark altered after Tuesday’s elections, reps from the San Diego Padres say buying the Portland Beavers (Class AAA; Pacific Coast League) and leaving them permanently in Tucson is definitely on the agenda. The dynamics of Escondido politics changed Tuesday when ballpark […]
Election shows mixed support for new Escondido ballpark
Last night’s election in Escondido (Cal.) was a mixed bag for ballpark proponents, as a vocal opponent of the proposed Portland Beavers (Class AAA; Pacific Coast League) ballpark was voted in over the former mayor, a staunch advocate of the project. Former councilman Ed Gallo, an opponent of public funding for the ballpark, won a […]
Tuesday elections could determine fate of Bevos
Tuesday’s election for Mayor and City Council in Escondido (Cal.) could go a long ways in determining the fate of the Portland Beavers (Class AAA; Pacific Coast League) in 2012 in beyond, as most candidates oppose spending public money on a new ballpark. We already know there will be a new mayor in the North […]
Squabbling could derail new SWB Yankees ballpark
A spat between Luzerne and Lackawanna counties over the proceeds of the sale of the Scranton/Wilkes-Barre Yankees (Class AAA; International League) could imperil $20 million in state money already earmarked for a new ballpark, according to Penn. Gov. Ed Rendell. We’re talking a pretty serious split here: Luzerne County has already filed suit to prevent […]
Mandalay officially takes control of OKC RedHawks
Mandalay Baseball Properties will hold a press conference today to formally announce it has closed on the purchase of the Oklahoma City RedHawks (Class AAA; Pacific Coast League). The purchase, as first reported on Ballpark Digest, gives Mandalay ownership of four minor-league teams and management deals with three more. (We’re not counting the Hagerstown Suns […]
Pols: Let’s not fix up PNC Field — or sell team to Mandalay, either
If Mandalay Baseball and the New York Yankees want to see improvements to PNC Field, they’ll need to fund them, according to several Lackawanna County Commissioners, who don’t want to see the pair exercise an option to buy the Scranton/Wilkes-Barre Yankees. Yes, it’s an inconsistent stand, but the rhetoric is certainly placing the future of […]