Chuck Greenberg and his group have signed a definitive agreement to buy the Frisco RoughRiders from Mandalay Baseball Properties.
Greenberg, the former Texas Rangers CEO and Westlake resident, emerged as the front-runner to purchase the Rangers’ Double A affiliate this past spring and the deal is in its final stages. The deal is subject to approvals of the Texas League and Minor League Baseball and a review of the Office of the Commissioner of Major League Baseball.
Greenberg’s group could take over the day-to-day operations later this summer.
Financial terms were not disclosed, but Baseball America reported earlier this season that Greenberg’s group would be willing to spend more than $30 million. That would be the highest known sale price for a minor league team.
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“This is an exciting time for us and RoughRiders fans across the Metroplex,” Greenberg said in a statement. “The RoughRiders already have an outstanding operation and reputation and we are looking forward to further enhancing the fan experience at Dr Pepper Ballpark and throughout the community.”
The RoughRiders, who have a player development deal with the Rangers through the 2018 season, will become the third team that Greenberg owns. He is the chairman and managing partner of the Myrtle Beach Pelicans, the Rangers’ High A affiliate, and the State College Spikes, the Cardinals’ Short A affiliate.
Greenberg previously owned the Altoona Curve, the Pirates’ Double A affiliate.
One of his key partners in the Frisco deal is Scott Sonju, who is the co-managing partner and will continue to serve as the RoughRiders’ president, overseeing the day-to-day operations of the RoughRiders under Greenberg’s leadership.
Greenberg is the one who brought the Rangers’ ownership group together, led by Bob Simpson, Ray Davis and Nolan Ryan, which purchased the team out of bankruptcy in August 2010.
Greenberg became the team’s CEO, but that ended abruptly when he resigned in March 2011 because he and Ryan had “different styles” of doing business. Ryan took over the CEO title and held it until he resigned and sold his stake in the team last October.
Greenberg, though, has maintained a positive relationship with the Rangers since stepping down. Myrtle Beach has been an affiliate since 2011 and is widely praised by those within the organization who work closely with the minor league teams.
The deal was praised by Rangers general manager Jon Daniels.
“The Rangers have enjoyed a productive and successful partnership with the Frisco RoughRiders for the last 12 years,” Daniels said. “We look forward to continuing that strong relationship with Chuck and Scott and their new ownership group. Our affiliation with Chuck’s group in Myrtle Beach has been outstanding and we congratulate them on the Frisco purchase.”