September 17, 2008

St. Louis Cardinals seek to acquire Memphis Redbirds : Redbirds : Memphis Commercial Appeal

St. Louis Cardinals seek to acquire Memphis Redbirds : Redbirds : Memphis Commercial Appeal: "Less than a week after renewing their affiliate agreement with the Memphis Redbirds, the St. Louis Cardinals took a major step toward buying the club on Tuesday.

The Cardinals and Redbirds issued a joint statement confirming they have signed a nonbinding letter of intent to pursue a transaction by which the Cardinals will buy their top minor league baseball affiliate."

4thebirds...
... Continued negotiations regarding the acquisition of the Redbirds. Is this a good thing or not? One thing's for sure, major league teams buying minor league franchises is a new trend in baseball.