Iowa Cubs sold for second time within a year
Iowa Cubs sold for second time within a year
BREAKING NEWS. SO BREAKING NEWS INVOLVES DES MOINES HOMETOWN TEAM. THE IOWA CUBS HAVE NEW OWNER IS FOR THE SECOND TIME IN EIGHT MONTHS. YOU’RE TAKING A LIVE LOOK AT PRINCIPAL PARK WHERE PLAYERS TOOK THE FIELD TONIGHT. DENVER GROUP HOLDINGS TOOK OVER THE TEAM IN DECEMBER OF LAST YEAR AND NOW A NEW COMPANY, SILVER LAKE, IS TAKING OVER. KCCI KAYLA JAMES IS LYING. PRINCIPAL PARK TONIGHT WITH THE DETAILS ON A MINOR LEAGUE BASEBALL GAME CHANGER. WELL, STEVE AND STACY, IT WAS BUSINESS AS USUAL SUNDAY AT PRINCIPAL PARK, BOTH FOR THE CUBS FANS AND THEIR PLAYERS. AND ACCORDING TO A PRESS RELEASE, THAT’S EXACTLY WHAT THE NEW OWNER WANTS TO MAINTAIN. NOW, NEW OWNING COMPANY SILVER LAKE SAYING IT WILL FOCUS ON, QUOTE, ENHANCING THE FAN, PLAYER AND COMMUNITY EXPERIENCE. SILVER LAKE, A TECHNOLOGY INVESTMENT FIRM, IS BUYING THE TEAM AND NINE OTHER CLUB TEAMS FROM ENDEAVOR. THAT’S THE SPORTS AND ENTERTAINMENT COMPANY WHO BOUGHT THE TEAM LAST YEAR. THE CLUB ARE UNDER THE SAME OWNERSHIP PRIOR TO THAT FOR OVER TWO DECADES. WE’VE REACHED OUT TO SILVER LAKE TONIGHT, BUT HAVE NOT YET HEARD BACK. ONE FAN LEAVING TONIGHT’S GAME TELLS US EXACTLY WHAT HE HOPES WILL COME FROM THIS CHANGE. I’M A HUGE TRADITION GUY AND I LOVE AUTHENTICITY. SO ANYTHING THAT WE CAN CONTINUE TO DO TO TO UPHOLD THE INTEGRITY OF THE PROGRAM WOULD BE PHENOMENAL. AND THE THE TRANSACTION EXPECTED TO COME TO A CLOSE THIS FOURTH QUARTER. LIVE AT PRINCIPAL PARK, KAYLA JA
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Iowa Cubs sold for second time within a year
The Iowa Cubs have been sold for the second time in less than a year.A representative from the team said the conglomerate they are a part of was transferred to new ownership today.Diamond Baseball Holdings, an organization that owns and operates the Cubs, announced today that Silver Lake will become its new ownership partner. Silver Lake is acquiring Diamond Baseball Holdings from Endeavor, a global sports and entertainment company.The Iowa Cubs had previously been sold in December.This is a developing story and KCCI will continue to publish updates as we learn more.
DES MOINES, Iowa —
The Iowa Cubs have been sold for the second time in less than a year.
A representative from the team said the conglomerate they are a part of was transferred to new ownership today.
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Diamond Baseball Holdings, an organization that owns and operates the Cubs, announced today that Silver Lake will become its new ownership partner. Silver Lake is acquiring Diamond Baseball Holdings from Endeavor, a global sports and entertainment company.
The Iowa Cubs had previously been sold in December.
This is a developing story and KCCI will continue to publish updates as we learn more.