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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Dayton Dragons Sold to Palisades Arcadia Baseball

DAYTON -- The Dragons have been sold.

Palisades Arcadia Baseball has announced an agreement to purchase the Dayton Dragons franchise the Single-A affiliate of the Cincinnati Reds from Mandalay Baseball Properties.

The purchase is subject to some conditions, including approvals from the Midwest League, the offices of Minor League Baseball, and the review of the Office of the Commissioner of Major League Baseball.

The new owners say local management of the team will stay in place, including Robert Murphy, who has been the only team president for the Dragons.

Palisades Arcadia Baseball is led by three friends and Harvard graduates, Nick Sakellariadis, Greg Rosenbaum and Michael Savit.

We are very pleased and excited to have secured Robert Murphy and his team to continue on in their roles with the Dayton Dragons, Sakellariadis said. Bob has been the face of the organization for the past 16 years, and that will continue. Obviously, the local management team has done an exemplary job with the franchise and we are confident in their continued managerial success.

Mandalay Baseball has been the principal owner and operator of the Dayton franchise since its inception and has operated the team for almost 16 years.

Were delighted to have reached an agreement with Palisades Arcadia Baseball, said Art Matin, CEO of Mandalay Baseball. We are tremendously pleased with what has been accomplished in Dayton and at Fifth Third Field, and with our stewardship of the franchise for the Dayton community.

Terms of the purchase agreement were not disclosed.

The Dayton Dragons was founded in 2000 and has finished first among all Single-A minor league teams in attendance each season from 2000 to present; as well as finishing in the top 10 in attendance every season (out of 160 Minor League Baseball teams). The Dragons have set the all-time consecutive sell-out streak mark having completed their 1,017th consecutive sell-out on Sunday, June 15.

For more information on the Dayton Dragons call 937-228-2287 or e-mail dragons@daytondragons.com.

 
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