MountainStar Sports Progressing with the Purchase of a Baseball Team
POSTED: Wednesday, September 26, 2012 - 10:44am
UPDATED: Wednesday, September 26, 2012 - 5:43pm
MountainStar Sports Group is providing this update to keep the public informed of actions that have recently taken place regarding the acquisition of the Tucson Padres and relocation of the team to El Paso.
Please know the process continues to move forward in a positive direction, and the most critical issues impacting approval have been addressed.
Based on last week's City Council action, MountainStar Sports Group received the signed ordinance and resolutions from the City Clerk on Tuesday, September 25, and we have forwarded those documents to the League. In addition, on the same date, we signed a Franchise Purchase Agreement, which obligates MountainStar to buy the team.
MountainStar Sports Group is working with the PCL, Minor League Baseball, and Major League Baseball on the remaining legal, technical, and administrative matters typical to this stage of the process. Everything is moving quickly and is on schedule for a 2014 opening day in El Paso.