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New Deal


Announced

Completed

Diamond Baseball completed the acquisition of Springfield Cardinals from St. Louis Cardinals.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

baseball team

Entertainment

Acquisition

Domestic

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Diamond Baseball, an organization that owns and operates select minor league clubs affiliated with Major League Baseball, completed the acquisition of Springfield Cardinals, a Minor League Baseball team, from St. Louis Cardinals, a Major League Baseball team. Financial terms were not disclosed. “This transition is an incredible opportunity for the Springfield Cardinals to maintain our close connection to St. Louis while also being part of DBH, which is setting a new standard for innovation and collaboration in minor league baseball. DBH is supportive of what is most important to us in Springfield: a great family-friendly, affordable and accessible Cardinals baseball experience at Hammons Field,” Dan Reiter, Springfield Cardinals Vice President and General Manager.

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