Pawtucket Red Sox get new owners

Boston Red Sox team president Larry Lucchino and a group of New England investors have purchased the Triple-A Pawtucket Red Sox for an undisclosed price, it was announced Monday in a press release.

The goal of the new ownership, led by Rhode Island businessman James J. Skeffington, will be to build a new ballpark on the water in downtown Providence, according to a report by the Providence Journal. According to the report, a name change is likely and the team would be called the Rhode Island Red Sox. If everything goes according to plan, a new ballpark could be ready for the 2017 season, according to the Providence Journal.

“The Boston Red Sox have enjoyed a productive relationship with the Pawtucket Red Sox for more than four decades,” Lucchino said in a statement. “The franchise has played key roles in the Red Sox’ historic success, both as a player-development affiliate and as a Rhode Island home for affordable family entertainment. We seek to enhance those roles, and to honor the substantial contributions that Ben Mondor and his loyal team have made to this community for generations.”

The new ownership purchased the team from Madeleine Mondor, widow of the late Ben Mondor. Mike Tamburro will remain with the team as the chief executive officer and Lou Schweccheimer will serves as vice president and general manager. Matthew White will serve as COO and CFO. All current members of the staff will remain with the team.

“We are very excited about our purchase of the Pawtucket Red Sox and the opportunity to partner with the Boston Red Sox to provide first class baseball and family entertainment to our loyal fan base in New England,” Skeffington said in a statement.

“The Pawtucket Red Sox are universally respected as one of the best franchises in professional baseball. The new ownership group is committed to carrying on the tradition set by the Mondor family of providing affordable, wholesome, family-friendly entertainment to fans of all ages.”

Mondor purchased the PawSox in 1977 and passed away in 2010. McCoy Stadium, the current home of the PawSox, is not part of the sale and is owned by the City of Pawtucket and the State of Rhode Island.