Cardinals Enter Negotiations to Buy Memphis Redbirds - WMC Action News 5 - Memphis, Tennessee

Reported by Jarvis Greer

Cardinals Enter Negotiations to Buy Memphis Redbirds

The Memphis Business Journal Reports the St. Louis Cardinals and the Memphis Redbirds Baseball Foundation along with Blues City Baseball officially announce the singing of a non-binding letter of intent to start the ball rolling on the Cardinals buying their Triple-A- Franchise.

The Journal Reports Redbirds Manager Dave Chase as saying the Trend in Baseball now is for  Major League Club to purchase their Minor League affiliates.

The deal could take months to consummate.

There's also what to do about working out the assets of the Non-Profit Redbirds Foundation to the for-profit St. Louis Cardinals LP.

The Cardinals and Redbirds recently signed a 4-year Player Development Contract keeping the Redbirds tied to the Cardinals through 2012.


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