16 February 2006

Half-Price Special

Former Buyers Go After Minor League Baseball Team

Global Development Partners, the erstwhile buyers of DC United, are looking to purchase the Double-A Diamond Jaxx, a Chicago Cubs affiliate. Of interest here is the price tag: 12.5M USD, or a little less than half of what they were looking at with DC United. In short, something they can more readily afford. 25M was out of their range, I'm guessing, so they take the same plan and cut it in half.

Note that the Jackson Sun of Tennessee still thinks the DCU sale is on. I wonder how prevalent that perception is outside the beltway?