Guber, Schaeffer and Freedman have long held similar roles as principals with Mandalay Baseball Properties, LLC (MBP). Magic Johnson was a founding partner with MBP in the Dayton Dragons franchise of the Midwest League, which was recently sold for a record sale price after selling out every home game in its 15-year history and holding the record for the most consecutive sellouts in North American sports at over 1,050 consecutive sellouts.
"My first experience as an owner in professional sports was in Minor League Baseball and I am looking forward to returning to MiLB with these partners in a dynamic sports market like Oklahoma City," said Magic Johnson.
The purchase agreement is subject to customary closing conditions, including the approvals of the Pacific Coast League and Minor League Baseball and the review of the Office of the Commissioner of Major League Baseball.
Mandalay Baseball Properties LLC purchased the Oklahoma City franchise at the end of the 2010 season. The team had been affiliated with the Houston Astros.
"The Los Angeles Dodgers look forward to making Oklahoma City our long-term home for our Triple-A franchise," said Dodgers' President & CEO Stan Kasten. "We are committed to the great sports fans and the great city of Oklahoma City. We are excited to work with President & General Manager Michael Byrnes and his outstanding staff, who have been a very integral part of the community.
"We enjoyed a great relationship with the Albuquerque organization and its fans, but the opportunity of franchise ownership was one we couldn't pass up."
"I am thrilled to be partnering with the Dodgers in the Oklahoma City franchise and am looking forward to an exciting future for the enterprise," said Mandalay Baseball Chairman Peter Guber.
"This is a prestigious ownership group with a lot of options for their franchise. We're honored that they've decided on the Brick in Oklahoma City, one of the top minor league ballparks in America," said Oklahoma City Mayor Mick Cornett.
Fellow NBA owner and Chairman of the Oklahoma City Thunder, Clay Bennett said "Peter Guber has been a great partner and friend in the NBA as well as part of the current ownership group of the RedHawks. It is great news for Oklahoma City that he and his partners at the Dodgers will be acquiring the team."
The Dodgers Triple A franchise will be making Chickasaw Bricktown Ballpark its home in 2015 following a working agreement with Albuquerque, which spanned a total of 44 years (1963-71 Double-A, 1972-2000 Triple-A and 2009-2014 Triple-A).
Five of the Dodger owners also currently own the Los Angeles Sparks of the WNBA, while Guber and Schaeffer are both owners and Guber is the Co-Executive Chairman of the Golden State Warriors of the NBA.
Mandalay Baseball Properties has owned and operated 10 sports franchises over its nearly two decades of existence and its franchises, ballparks and management team have been consistently recognized as among the best in professional sports, including the John H. Johnson President's Award for the Best Franchise in MiLB, multiple Ballpark Digest Organization of the Year awards and numerous top/best ballpark awards. Its current portfolio includes the Scranton/Wilkes-Barre RailRiders (current AAA affiliate of the New York Yankees, which is jointly owned by the New York Yankees and plays in the newly renovated PNC Field), the Oklahoma City RedHawks (current AAA affiliate of the Houston Astros) and the Erie SeaWolves (current AA affiliate of the Detroit Tigers). The company recently sold the Dayton Dragons (current A affiliate of the Cincinnati Reds), which it owned in partnership with NBA legend and Los Angeles Dodgers owner Magic Johnson and two-time Heisman Trophy winner Archie Griffin, who were among the first African-American owners in Minor League Baseball, and is the current record holder for the longest sellout streak in all of North American Professional Sports, and the Frisco RoughRiders (current AA affiliate of the Texas Rangers and the highest drawing AA team in MiLB). Each of the Dayton Dragons and the Frisco RoughRiders was sold for a record breaking sale price. Among its other previously owned and operated franchises, the company owned the Las Vegas 51s from 2001 to 2008 when the 51s were the AAA affiliate of the Los Angeles Dodgers.
ABOUT THE OKC REDHAWKS
The Oklahoma City RedHawks have been a member of the Triple-A Pacific Coast League since 1998. The team has won seven division titles in 17 seasons. The RedHawks are just one of just two teams in Triple-A baseball to record increases in attendance each of the previous four seasons. Their home stadium, Chickasaw Bricktown Ballpark, has been recognized as being one of the best facilities in Minor League Baseball by several national publications, including Baseball America and the USA Today Travel Media Group.