Announced
Financials
Tags
Pending
Friendly
Majority
baseball
Single Bidder
Domestic
Private
Entertainment
United States
Acquisition
Private Equity
Synopsis
Silver Lake-backed Diamond Baseball, an organization that owns and operates select minor league clubs affiliated with Major League Baseball, agreed to acquire Salem Red Sox, a Minor League Baseball team, from Fenway Sports, a multinational sports holding conglomerate. Financial terms were not disclose. “We anticipate a smooth transition in the coming weeks and know that DBH puts fans and community first. Our day-to-day operations will not change, and our entire organization remains focused on creating an exceptional player development program for Red Sox players, and a positive experience for our fans in the Roanoke Valley,” Allen Lawrence, Salem General Manager.
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