The Ft. Myers news-press.com site is reporting that the Ft. Myers Miracle have been sold to a New Jersey based ownership group SJS Beacon. The president of SJS Beacon is Jason Hockberg. Marvin Goldklang, 71 and the principal owner of the Goldklang Group, which had owned the team since September of 1989, said the sale felt bittersweet.
Andrew Moon and experts from Forbes and Sports Business Journal estimated Class A baseball affiliates, depending on their location and attendance, to be worth in the $7 million to $10 million range.
The Twins have a 30-year lease agreement with Lee County of the sports complex. The Twins’ affiliation agreement with the Miracle expires after the 2018 season, but Hochberg said he expected the partnership to continue thereafter.
Read the entire news-press article here.