The rumors were true after all, it turns out. The Staten Island Yankees have been sold.

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.