The minor league baseball landscape is shifting once more. The Charlotte Knights, previously owned by local businessman Don Beaver since 1997, are stepping into new hands, as WBTV reports an agreement to sell the team to Diamond Baseball Holdings (DBH). Known for their expansive portfolio of minor league teams and relation to the MLB, this deal ushers the Knights into an increasingly consolidated baseball realm under DBH.

Dan Rajkowski, the Knights' COO, confirmed the current front office staff will stay in control for your favorite game day experiences at Truist Field and Paper Mill Pub, while they are accompanied by a looming sale expected to be finalized shortly. Buddying up with the likes of the Birmingham Barons and Winston-Salem Dash, the Knights become the latest in DBH's White Sox-affiliated acquisitions, as stated in an WSOCTV article.

Whilst the financial terms weren't passed out like stadium peanuts, DBH's recent buy-ins of teams like the Worcester Red Sox have hinted at the high eight-figure dance they're likely doing. It's the kind of money move, backed by the private equity bigwig Silver Lake, that turned heads when it was acquired from Endeavor for a cool $280M last year, according to insights from the Sports Business Journal.

With gate figures placing them tenth in average home game attendance among their MLB-affiliated peers last year, the Knights have proven the pull of their uptown-set ballpark since its 2014 debut – a charm DBH means to keep in their roster. In a press release, executives Pat Battle and Peter Freund of DBH gushed, "The Knights for years have embodied the very best that MiLB has to offer – from a one-of-a-kind setting to unmatched family entertainment to a significant role as a community leader," as recorded by WSOCTV.

While MLB expansion talks put Charlotte in the batter's box, Commissioner Rob Manfred keeps that potential play years in the future pipeline. As for the immediate inning, the Knights shared plans for a news conference revealing more about the deal's details come Thursday. DBH slides into the picture as Charlotte eyes big league dreams, bolstering a narrative of minor league identities within the embrace of bigger corporates – all pending league approval of the deal, of course.