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Source: BroBible
Summary
Diamond Baseball Holdings, backed by Silver Lake, owns 49 of 120 Minor League Baseball teams, or 41%. CEO Peter Freund said the company is interested in “any or all” remaining teams. The company expanded rapidly after MLB restructured minor league ownership rules in 2021. DBH now has 14 Triple-A and 14 Double-A teams, the maximum allowed. It has spent about $2 billion on acquisitions, according to Sports Business Journal.
Our Reading
The habit gets a new name.
One company owns almost half of minor league baseball.
It’s buying teams like they’re trading cards.
Real estate around ballparks is the new hot commodity.
Minor league baseball is now a real estate play.
Author: Evan Null
