Mandalay Baseball Properties LLC announced its acquisition of the Oklahoma City RedHawks from OKC Athletic Club LP, principally owned by Robert Funk Sr. and Scott Pruitt.
"We are very familiar with MBP's brand of family entertainment and track record of success in operating Minor League Baseball franchises," said Oklahoma City Mayor Mick Cornett.
Mandalay Baseball Properties LLC is a national owner/operator of Minor League Baseball franchises. MBP currently owns and/or operates six A, AA and AAA teams that feed five major league teams.
"We are very excited about this transaction and the opportunity to bring MBP's quality family entertainment experience to the vibrant Oklahoma City market," stated Peter Guber, chairman of MBP.
Major League Baseball, the National Association of Professional Baseball Leagues and the Pacific Coast League have all approved the transaction.