The St. Paul Saints announced on Wednesday that the team’s owners, the Goldklang Group, have sold their stake in the baseball team to Diamond Baseball Holdings.
The Saints, now in their third season as the Triple-A affiliate of the Minnesota Twins, were brought to Minnesota in 1992 by Marv Goldklang, Mike Veeck, and Bill Murray.
The Goldklang Group shared the sale in a press release, announcing that after 30 years, the team has become one of the “most successful Minor League teams in the country.”
“The Goldklang Group, has had a remarkable run and is now passing the baton with the sale of the Saints to Diamond Baseball Holdings,” the team shared in a press release.
The team shared that long-time executive vice president and general manager Derek Sharrer will continue to work in his role, which he has held for nearly two decades.
Diamond Baseball Holdings currently owns 13 Minor League Baseball affiliates across the country. The group’s CEO, Peter Freund, shared in the press release that he has had a close relationship with Goldklang and Veeck.
“The Saints are an iconic franchise, unquestionably one of the jewels of Minor League baseball, and the club’s incredible legacy cannot be understated in St. Paul,” Freund said. “DBH’s primary objective is to continue building on what my friends and partners of over a decade, Marv, Mike, Bill, and Jeff, have already created, and to continue supporting the incredible Saints staff, players, fans, and entire St. Paul community.”
Goldklang shared in the release that the decision to sell the team was difficult, but he feels it was the right calle to will help the Saints continue to flourish.
"The decision to sell was a difficult and emotional one for me and it would not have been made were it not to an organization headed by people who ‘get it’ and are committed both to further expansion of the team's brand and additional ways in which our ballpark can be utilized for the benefit of the community,” Goldklang said. “Our own organization knows how deeply I will miss my active involvement with the Saints, but I am confident that in the future we'll be able to look back with additional pride at what the Saints have become.”
Twins President & CEO Dave St. Peter also shared a statement on the sale of the team, thanking the owners for their stewardship and the relationship they have built.
“The Pohlad family and Minnesota Twins organization would like to thank Marv Goldklang, Mike Veeck, and Bill Murray for their incredible vision and leadership in building the Saint Paul Saints franchise and brand,” St. Peter said. “The Twins-Saints player development partnership is a special part of their legacy and something that is certain to benefit Upper Midwest baseball fans for years to come. Going forward, the Twins look forward to working with Peter Freund and Diamond Baseball Holdings. DBH enjoys a splendid reputation across Minor League Baseball and the Twins are excited to be their partner here in the Twin Cities.”
The press release shared that the sale is expected to be completed “promptly.”
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