Prospective Owner Group Seeks PurchaseApproval for Grizzlies
FRESNO , CA ( August 29, 2005) – On Tuesday August 30, 2005 City leaders will consider approval of a transaction involving a new owner group of the Fresno Grizzlies Baseball Franchise and the assumption of the Fresno Stadium lease. This transaction has undergone considerable due diligence to determine the suitability and financial accountability of the prospective new owner group, the Fresno Baseball Club LLC (F.B.C.).
Mayor Autry in supporting the prospective owner group stated “"The Downtown stadium and the Grizzlies have been a major force behind Downtown Revitalization. This new ownership can only increase and enhance this success."
Approval by the City of Fresno is one of several steps required to transfer ownership of the Fresno Grizzlies to the F.B.C. Should City approval be granted the next steps are to secure the approval of the Pacific Coast League, Minor League Baseball, and the Commissioner of Baseball for the purchase. Those endorsements are expected to be completed within the next few weeks after which the official purchase of the Grizzlies will be completed.
Andrew T. Souza , City Manager
Contact: Ken Shockley, Public Affairs Officer: (559) 621-7777
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