DAYTON, Ohio (WDTN) – The Dayton Dragons have a buyer. Palisades Arcadia Baseball says it entered into an agreement with Mandalay Baseball Properties to purchase the team.
It first must get approval during closing from the Midwest League, Minor League Baseball and a review by the Office of the Commissioner of Major League Baseball.
Palisades Arcadia Baseball is led by three Harvard graduates, Nick Sakellariadis, Greg Rosenbaum and Michael Savit. Sakellariadis and Rosenbaum have banking backgrounds while Savit is the managing partner of HWS Group, which has owned and operated several minor league teams over the past 16 years.
The current Dragons management of the team will remain in place. Robert Murphy will continue as president.
“We are very pleased and excited to have secured Robert Murphy and his team to continue on in their roles with the Dayton Dragons,” said Sakellariadis. “Bob has been the face of the organization for the past 16 years and that will continue. Obviously, the local management team has done an exemplary job with the franchise and we are confident in the continued managerial success.”
Mandalay saw the team through 15 baseball seasons.
“We are very happy that Palisades Arcadia Baseball has been successful in their bid to buy the Dayton Dragons,” noted Dragons team president, Robert Murphy. “They have a great passion for baseball and business, and they love how our community has embraced the Dragons and they understand the important responsibility of being the stewards of this community asset.”
The Dragons are a Single-A affiliate of the Cincinnati Reds. They play at Fifth Third Field in downtown Dayton. It has finished first in attendance each season since 2000. The team holds the all-time consecutive sell-out streak having completed the 1,017th consecutive sell-out on June 15.