DAYTON, Ohio — They Dayton Dragons are being sold by Palisades Arcadia Baseball LLC to Diamond Baseball Holdings, which works with minor league teams who are affiliated with Major League Baseball (MLB), according to a release from the team.

What You Need To Know

  • The Dayton Dragons will soon have a new owner

  • They will be staying in Dayton

  • They are being sold to Diamond Baseball Holdings

The High-A Affiliate team to the Cincinnati Reds will stay in Dayton.

“We’re proud to join Diamond Baseball Holdings and begin an exciting new era of Dragons baseball,” Dragons President Robert Murphy said in the release. “They have a long track record for preserving the unique character of each club while fostering positive change in local communities. DBH understands how much this team means to Dayton, and we look forward to working with them to elevate the experience at Day Air Ballpark even further. Thank you to Palisades Arcadia Baseball for their support and contribution to the Dayton Dragons Organization over the last 10 years.”

Nick Sakellariadis, Greg Rosenbaum and Mike Savit — of Palisades Arcadia Baseball LLC —offered their thanks to the city, county, state and fans for their support over the years.

“We are incredibly proud of what has been accomplished in Dayton and at Day Air Ballpark since we took ownership in 2014,” they said in the release. “We wish the club continued success as it begins a new chapter with Diamond Baseball Holdings and look forward to continuing to support the Dragons for years to come.”

The release states that Sakellariadis and Rosenbaum will stay on as club Co-Executive Chairmen.

"On behalf of the Reds, we want to thank Nick, Greg, Mike and Robert for their tireless efforts over the last 10 years to provide an unmatched experience for our players. We are excited to build upon our relationship with Diamond Baseball Holdings as they welcome the Dragons,” said Nick Krall, Reds President of Baseball Operations, in the release. “DBH’s vast experience and resources across Minor League Baseball have benefitted our Triple-A affiliate in Louisville and will help elevate the Dragons, providing a platform for continued success.”

The deal is expected to close soon, the release states, pending consent of the league and city and other conditions.