Diamond Baseball Holdings Buys Triple-A Charlotte, Adds To Massive MiLB Portfolio

Image credit: (Photo by Streeter Lecka/Getty)

The Diamond Baseball Holdings MiLB empire is growing again.

On Tuesday, June 25 DBH announced that it has reached an agreement to purchase the Triple-A Charlotte Knights from current owner Don Beaver. The move had been telegraphed by Beaver’s public comments early this year that he was exploring a sale of the team, which he had purchased in 1997.

The Knights will become the 35th team DBH owns, pending MLB approval. They will become the 11th Triple-A team in DBH’s portfolio and the third White Sox affiliate, joining High-A Winston-Salem and the Double-A Birmingham Barons.

As has been the case in other DBH purchases, Knights’ COO Dan Rajkowski and the existing front office staff will be retained.

The Knights are averaging 6,275 fans per game this year in announced attendance, which ranks 12th-best in the minor leagues. The 10-year-old Truist Field is considered one of the better ballparks in the minor leagues.

Diamond Baseball Holdings currently owns the following MiLB clubs.

Triple-A

Albuquerque Isotopes
Charlotte Knights*
Gwinnett Stripers
Iowa Cubs
Louisville Bats
Memphis Redbirds
Norfolk Tides
Oklahoma City Baseball
Scranton/Wilkes-Barre RailRiders
St. Paul Saints
Worcester WooSox

Double-A

Altoona Curve
Arkansas Travelers
Binghamton RumblePonies
Birmingham Barons
Harrisburg Senators
Midland RockHounds
Mississippi Braves
New Hampshire FisherCats
Portland Sea Dogs
Springfield Cardinals
Tulsa Drillers
Wichita WindSurge
Winston-Salem Dash