The Montgomery Biscuits baseball team has been sold to a newly-established owner, which is also buying another team.

OnDeck Partners, a new sports ownership group within the Avenue Sports Fund, announced today that it has purchased the Biscuits and the Visalia Rawhide. The Biscuits are a AA affiliate of the Tampa Bay Rays, while the Rawhide are a single-A affiliate of the Arizona Diamondbacks, based in Visalia, California.

Terms of the deal have not been announced. The Montgomery Biscuits came to Montgomery in 2004, under the ownership of Sherrie Meyers. In 2017, the team was sold to a new ownership group headed by boxing promoter/television producer Lou DiBella.

The new owners released a statement, saying in part:

“We are excited to launch OnDeck Partners with these two acquisitions w

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