The San Antonio Missions minor league baseball team has been sold to a local ownership group that includes a lot of well-known business, civic and sports greats.
The new ownership group, Designated Bidders LLC, purchased the team from the Elmore Group for a reported $28 million.
Investors with the new group include former Rackspace CEO Graham Weston, Spurs Sports and Entertainment Chairman Peter J. Holt, Spurs greats David Robinson and Manu Ginobili. Other local notables include former San Antonio Mayor Henry Cisneros, former Clear Channel executive Bob Cohen and La Familia Cortez. Major League Baseball Hall of Fame pitcher Nolan Ryan is also a part of the ownership group.
The new lease would be effective until September 2031. Designated Bidders LLC has agreed to comply with the current conditions of the lease, which includes the city paying 70% of costs for future stadium improvements, with the owners paying the other 30%.The Missions would be operated by, which is led by Reid Ryan, who led the development of the game-day experience at Minute Maid Park in Houston.
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