Jan 8, 2024 - News

Charlotte Knights and Uptown ballpark for sale

Truist Field. Photo: Ashley Mahoney/Axios

Truist Field. Photo: Ashley Mahoney/Axios

Charlotte’s minor league baseball team is for sale.

Driving the news: The Charlotte Knights and Truist Field are for sale, the team confirmed Monday morning. The organization has notified Minor League Baseball. Majority owner Don Beaver, who bought the team in 1997, and minority owner Bill Allen have a few prospective buyers, per the team statement.

Why it matters: Truist Field is a popular destination — and not necessarily just for baseball.

  • The Knights’ 10,000-seat Uptown home, which they own, has attracted baseball diehards and casual fans alike since relocating from Fort Mill in 2014.
  • The ballpark hosts minor league baseball, college championships, a seasonal winter wonderland and other seasonal activities, like a pumpkin patch.
  • This weekend, Truist Field will host outdoor hockey. A year-round pub opened at the ballpark last spring.

By the numbers: The Knights, who are the minor league affiliate of the Chicago White Sox, could sell for as much as $100 million, CBJ reported.

  • The Sacramento River Cats and its ballpark sold for approximately $90 million in 2022, as Sportico reported.

What they’re saying: “The Charlotte Knights have notified Major League Baseball that they will begin the process of exploring the potential sale of the team. A few prospective interested parties have inquired about the team and the ballpark. We want to vet the interested groups to see if a sale makes sense for Don Beaver and his family,” the team said in a statement.

Charlotte Knights play at Truist Field in Uptown with the Charlotte skyline in the background.
Photo: Ashley Mahoney/Axios
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