But the team is supposed to stay in the borough, sources told the Staten Island Advance. Ball club president Joseph Ricciutti said the team would continue honoring its 20-year lease with the city, which the Baby Bombers signed in 2001.
A group of Connecticut-based investors calling themselves Nostalgic Partners bought the New York-Penn League champions from Mandalay Baseball Properties. This diverges slightly from rumors that surfaced last month claiming the team would be sold to a New York City hedge-fund manager. But at least one part of that old report turned out to be true: Ricciutti said none of the new owners have experience running a baseball team.
Ricciutti would not divulge the sale price. But the earlier story in Ballpark Digest had mentioned a possible figure of $8.3 million.
The team will still be operated locally, and the New York Yankees will keep an ownership interest.