As scheduled: the St. Louis Cardinals have closed on their purchase of the Memphis Redbirds (Class AAA; Pacific Coast League), with the city taking control of AutoZone Park. The Memphis Redbirds Baseball Foundation is now out of the baseball game with the sale of both assets, and Fundamental Advisors LP, the Foundation’s sole bondholder, retired […]
Tag Archives | william dewitt jr
Cardinals to buy Redbirds, city to buy AutoZone Park
The St. Louis Cardinals will buy the Memphis Redbirds (Class AAA; Pacific Coast League) and Memphis will acquire AutoZone Park, with the two sides signing a long-term lease. The Memphis Redbirds Baseball Foundation, beset with financial issues in recent years, was seeking to shed both assets and met seriously with several parties, including at least […]