Lancaster JetHawks buyer found

first_imgLANCASTER – The owners of the Lancaster JetHawks on Thursday announced their intention to sell the franchise to an Ohio-based ownership group headed by majority partner Peter Carfagna Sr., a corporate lawyer who owns two other minor league baseball teams. The deal is subject to the approval of the California League, the National Association (minor league baseball’s official governing body) and Major League Baseball. Terms of the sale were not made public, but the typical market value for Class A minor league franchises playing in a relatively new facility is from $3 million to $6 million. Departing managing partner Mike Ellis, who was instrumental in moving the team to Lancaster from Riverside in 1996, said he’s divesting his interest in the team because he’s relocated to Missoula, Mont., where he owns another minor league baseball team. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week – Gideon Rubin 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img

Leave a Reply

Your email address will not be published. Required fields are marked *