Diamond Baseball Holdings Interested in ‘Any and All’ Minor League Teams
The Silver Lake-backed entity remains on the hunt for more teams.
Diamond Baseball Holdings, a major player in the sports industry, is eyeing a wide range of Minor League Baseball teams in what could be described as a significant transformation of the sport's landscape. During a recent event in New York, Peter Freund, the CEO of DBH, expressed the company's ambition to bring about efficiency and scalability to the minor league.
Following a change in MLB's ownership rules in 2021, DBH has successfully amassed a significant portfolio of 49 of the 120 affiliated clubs. These clubs not only boast impressive statistics, such as the Single-A Dayton (Ohio) Dragons holding the longest sellout streak in U.S. professional sports history, but also include the Triple-A Charlotte Knights, which leads in attendance growth for the 2026 MiLB season.
Freund emphasized that while there is no specific number of teams DBH aims to own, the unprecedented scale has led to improved operations across the Minor League Baseball system. The company is interested in all available teams, but believes it has reached a sufficient level of operational excellence with the current holdings. Looking ahead, DBH aims to expand by venturing into real estate around ballparks, a trend seen in other professional sports and pioneered by the Battery in Atlanta.
This strategy of activating the ballparks for 365 days a year is a crucial part of their business model.
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