Swing sale passes crucial point as it gains Midwest League approval
In the marathon process involved in purchasing a professional baseball team, the proposed sale of the Swing of the Quad-Cities cleared a major hurdle Monday.
Midwest League directors approved the sale of the club owned by Kevin Krause-led Seventh Inning Stretch to Mainstreet Iowa, a company headed by Dave Heller and Bob Herrfeldt.
“It’s a great day, something we’ve worked toward for a long time,’’ Heller said. “We’re getting close to the finish line and when we’ve crossed it, we’re inviting everybody in the Quad-Cities to a huge party at John O’Donnell Stadium and Bob and I know how to throw a party.”
The transaction will not be complete until the governing body of minor-league baseball and the major-league commissioner’s office sign off on it, but league approval is considered the critical step in the process.
There is this attempt at a cryptic quote from MWL President George Spelius:
The Midwest League does not announce its vote totals, but league president George Spelius said the vote was “as close to unanimous as you can get without being unanimous.’’
So, 13-1 then?
Some of you may be asking, "How much?" well..
Terms of the sale have not been announced, but Krause has said it is in line with other recent transactions in the league. That would place the price tag at around $7.2 million.
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