Diamond Baseball Holdings is set to acquire the Charlotte Knights, the Triple-A affiliate of the Chicago White Sox, including their ballpark, Truist Field, and the adjacent Paper Mill Pub. The team is being sold by local businessman Don Beaver, who has owned the team since 1997. This acquisition adds to Diamond Baseball Holdings' extensive portfolio, which now includes 35 minor league clubs. The company, backed by Silver Lake, controls 29% of minor league baseball. Originally owned by Endeavor, Diamond Baseball Holdings was sold to Silver Lake in 2022 for $280 million when it owned only 10 teams.
Originally Endeavor owns Diamond Baseball Holdings (DBH). The sale to Silver Lake was forced by Major League Baseball Players Association’s concern that Endeavor also represented professional baseball players. DBH sold for $280 million in 2022 but it was only 10 teams then. Now… https://t.co/BtkE3tEoKG
With its acquisition today, Silver Lake-backed Diamond Baseball Holdings now owns 35 clubs. It controls 29% (!) of minor league baseball?? 📈: @Sportico/@Dylan_Manfre11 https://t.co/usWHi6AYM8
Diamond Baseball Holdings is acquiring @KnightsBaseball, the Triple-A affiliate of the White Sox ⚾ The transaction includes the Knights’ ballpark, Truist Field and the adjacent Paper Mill Pub. Read more ⬇️ https://t.co/ylKGSJoUOl
Diamond Baseball Holdings owns more than 30 minor league clubs including the White Sox’s Double A affiliate so there’s some functional cohesion there. https://t.co/cDRsmySLIS
Diamond Baseball Holdings is set to acquire the Charlotte Knights, the Triple-A affiliate of the White Sox, including their ballpark, Truist Field. The team is being sold by local businessman Don Beaver, who has owned the team since 1997. https://t.co/p4vcygRyCF
NEWS: Diamond Baseball Holdings Buys Triple-A Charlotte, Adds To Massive MiLB Portfolio https://t.co/U93wo9TkYQ
The Charlotte Knights are thrilled to announce that the team has entered into an agreement to sell the franchise to Diamond Baseball Holdings. The Knights will remain the Triple-A affiliate of the Chicago White Sox. More: https://t.co/mXIlAdkkSk https://t.co/ExcRnCmGOG
Mets owner Steve Cohen now owns 5.5% of the Las Vegas Sphere's parent company, started by fellow New York sports owner James Dolan. The $2.3 billion Sphere generated $170 million in revenue just last quarter. Story ⬇️