Frank Burke has sold his ownership of the Chattanooga Lookouts to Atlanta businessmen John Woods and Jason Freier, who will serve as general partners of the storied Class AA franchise. Freier is the chairman and chief executive officer of Hardball Capital, which oversees operations of minor league teams, and he will be in charge of the overall operation of the Lookouts.
The purchase price has not been revealed.
“We have agreed to buy the team, and the agreement is pending the approval of the Southern League, Minor League Baseball and Major League Baseball,” Freier said by phone tonight from baseball’s winter meetings in San Diego. “We will certainly have an announcement and more details once we receive those approvals, which could take at least couple of months with the holidays coming up.”
For more information, read Thursday’s Times Free Press
