Cardinals Close on Purchase of Memphis Redbirds

The St. Louis Cardinals, the city of Memphis and the Memphis Redbirds Baseball Foundation have completed the ownership transition of the Memphis Redbirds and AutoZone Park  as part of a multi-party transaction that secures the long-term future of minor league baseball in Memphis.

logo-memphis-redbirds-500x500-2.s600x600“We are pleased to finalize the purchase of the Redbirds and are looking forward to a long- term partnership with the city of Memphis,” added William DeWitt Jr., chairman and CEO of the St. Louis Cardinals. “Finalizing this deal represents a positive move toward stability of professional baseball in Memphis.”

As part of the agreement, the St. Louis Cardinals have acquired the Memphis Redbirds, while the city of Memphis has acquired AutoZone Park. The city will lease the ballpark to the Redbirds via a long-term lease agreement. The purchase agreement includes a significant, multi-season capital investment in AutoZone Park, which will be used to add state-of-the-art features and fan-friendly amenities to the ballpark. At closing, Fundamental Advisors LP, the Foundation’s sole bondholder, retired the original bonds issued by the Memphis Center City Revenue Finance Corp.

“This is a great day for the people of Memphis,” said John Pontius, treasurer for the Memphis Redbirds Baseball Foundation. “All of us stand to benefit from the significant planned improvements to AutoZone Park, which will enhance the fan experience and bring renewed excitement to the city. With the Cardinal’s best-in-class leadership, the Redbirds are destined for great things.”

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Wong To Join Cards In Chicago

It’s Wong time, Cardinal Nation. And the Wong time is the right time, indeed.

WongYes, let the word plays begin. Kolten Wong is officially en route to Chicago where he will join the St. Louis Cardinals to make his major league debut.

Wong was selected by the Cardinals in the first round of the 2011 First-Year player draft and spent the remainder of that season in the Quad Cities with the River Bandits, under the tutelage of then-manager Johnny Rodriguez.

Since then, he’s succeeded at every level, this year being his first with AAA Memphis where he has a line of .303/.369/.466 with 21 doubles, eight triples, 10 homers, 45 RBIs and 68 runs scored.

I had the privalege of talking to Wong toward the end of his year with the River Bandits, and there was little about him that didn’t impress me. To get a glimpse into just who the Hawaii native is, read the full story here. But, here are some of the highlights.

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