The purchase of the Class AA Norwich Connecticut Defenders baseball team by the Richmond Baseball Club seems to be undergoing a delay of game.
Norwich’s local paper The Day reported yesterday that there is no closing date scheduled for the deal, which current Defenders owner Lou DiBella said was “imminent” in early April.
The sale is pending approval from the Major and Minor leagues. Neither DiBella or Bryan Bostic, head of the investors buying the team, provided any details about what may be holding up the approval, but it seems like missing paperwork could be the culprit.
From the article:
An earlier tentative closing date for the sale had to be postponed because the Richmond group did not submit all the necessary paperwork to baseball officials. Eastern League President Joe McEacharn could not be reached for comment last week, but said last month he hoped to receive the Richmond group’s application by the end of April and anticipated a quick review of the proposal.
In addition to receiving approval for the purchase, Bostic’s group must also receive permission to move the team to Richmond because the city is outside of the Eastern League’s territory, the AA division to which the Defenders belong.
The purchase of the Class AA Norwich Connecticut Defenders baseball team by the Richmond Baseball Club seems to be undergoing a delay of game.
Norwich’s local paper The Day reported yesterday that there is no closing date scheduled for the deal, which current Defenders owner Lou DiBella said was “imminent” in early April.
The sale is pending approval from the Major and Minor leagues. Neither DiBella or Bryan Bostic, head of the investors buying the team, provided any details about what may be holding up the approval, but it seems like missing paperwork could be the culprit.
From the article:
An earlier tentative closing date for the sale had to be postponed because the Richmond group did not submit all the necessary paperwork to baseball officials. Eastern League President Joe McEacharn could not be reached for comment last week, but said last month he hoped to receive the Richmond group’s application by the end of April and anticipated a quick review of the proposal.
In addition to receiving approval for the purchase, Bostic’s group must also receive permission to move the team to Richmond because the city is outside of the Eastern League’s territory, the AA division to which the Defenders belong.
This is probably a good thing at least we will not have the pressure of trying to move a new team without a new Ballpark in place. The fact we are still arguing where the park should be would be reason enough to hold on commiting to a team at all.