The Charlotte Knights ownership have just announced plans to sell the team along with Uptown’s Truist Field in a deal that could fetch over $100 million.
Don Beaver currently owns 90% of the team, which he purchased in 1997 for just $10 million. Bill Allen, the minority owner, has also agreed to sell his 10% stake.
“The Charlotte Knights have notified Major League Baseball that they will begin the process of exploring the potential sale of the team,” said Knights spokesperson Tommy Viola. “A few prospective interested parties have inquired about the team and the ballpark. We want to vet the interested groups to see if a sale makes sense for Don Beaver and his family. The Knights have been a tremendous asset to the Greater Charlotte Region and we are committed to continuing that legacy for years to come.”
According to the Charlotte Business Journal, the team could be worth as much as $100 million;
The team could be worth as much as $100 million. https://t.co/BehH0CUkId
— Charlotte Business Journal (@CBJnewsroom) January 8, 2024
According to team officials, there has already been interest from several potential buyers in both the team and its ballpark.
What do you think about the sale?
Comments
