Overview
- The deal covers the Triple-A Sugar Land Space Cowboys, Double-A Corpus Christi Hooks and Single-A Fayetteville Woodpeckers.
- Houston said all three will remain affiliates with existing local leadership, and each team will continue operating at its current ballpark.
- The transaction is expected to close in the coming weeks pending MLB approval, and financial terms were not disclosed.
- Formed in 2021, Diamond Baseball Holdings would own 48 of the 120 minor-league affiliates after completion, according to Sports Business Journal.
- Astros owner Jim Crane praised DBH’s community focus and fan experience, as coverage also noted DBH’s past relocations and the Astros’ pledge that these clubs will stay in their communities.