Charlotte Knights are being sold to Diamond Baseball Holdings

Charlotte's minor league baseball team, ballpark and pub will soon have a new owner — New York-based Diamond Baseball Holdings (DBH).

Why it matters: Truist Field, the Charlotte Knight's 10,000-seat Uptown home, has become an a city staple since the team relocated there from Fort Mill in 2014. People gather there for baseball, seasonal activities and most recently, outdoor hockey .

State of play: While ownership may change, the Knights will remain the Triple-A affiliate of the Chicago White Sox, Dan Rajkowski will still be the COO and the front office staff will stay intact, according to the team.

• "DBH leads some of the most successful and innovative Minor League Baseball franchises in America with a reputation for investing in those communities," Rajkowski said in a statement.
• The terms of the deal were not disclosed. For comparison, the Sacramento River Cats and its ballpark sold for approximately $90 million in 2022, Sportico reported .

Context: DBH owns 34 minor league baseball teams, including other White Sox affiliates like the Double-A Birmingham Barons and the High-A Winston-Salem Dash.

Zoom in: The sale marks the end of the era for Don Beaver and minority owner Bill Allen, who purchased the team in 1997. More than 5 million fans have visited the ballpark since it opened in Uptown a decade ago.

What they're saying: "Truist Field is one of the finest ballparks in the country and baseball is a true staple of the Charlotte community," Beaver said in a statement.

• "The Knights for years have embodied the very best that MiLB has to offer – from a one-of-a-kind setting to unmatched family entertainment to a significant role as a community leader – and it is an incredible privilege to add them to our roster," DBH executive chairman Pat Battle and CEO Peter Freund said in a statement.

What's next: The deal will need the league's consent to satisfy other conditions before it formally closes. This is expected to take place soon, per the team.

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