The Charlotte Knights are about to get a new out-of-town owner.
New York-based Diamond Baseball Holdings (DBH) just confirmed plans to purchase the team, its 10,000-seat Truist Field, and the bar at the field. The Knights, a Triple-A affiliate of MLB’s Chicago White Sox, relocated to Uptown Charlotte from Fort Mill in 2014.
Don Beaver and Bill Allen originally purchased the Knights back in 1997. They put the team up for sale this past January.
“On behalf of my family, I’d like to extend my sincere thanks to Mecklenburg County, the City of Charlotte, Charlotte Center City Partners and the fans of the Charlotte Knights for supporting our franchise over the years,” Beaver said in a statement. “For the past 25-plus years, the Knights have been a big part of my family’s life and I wish the club much success as it moves into a new chapter with Diamond Baseball Holdings. Truist Field is one of the finest ballparks in the country and baseball is a true staple of the Charlotte community. We will continue to support the Knights and attend as many games as possible.”
This acquisition will add the Knights to DBH’s growing portfolio, marking their 35th minor-league franchise. DBH now controls roughly 29% of the 120 existing minor league baseball clubs.
Recently, DBH also agreed to purchase 2 other teams. They also acquired the affiliates of the Seattle Mariners (the Arkansas Travelers) and the New York Mets (the Binghamton Rumble Ponies).
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