The Bowling Green Hot Rods announced today the official sale of the franchise to BG SKY, LLC. The sale was completed after receiving the final approval Monday from the commissioner’s office of Major League Baseball.
The new owner of the Class A Midwest League affiliate of the Tampa Bay Rays is a sole individual, Jack Blackstock. For the past five seasons, Blackstock has been an investor in the team. With the sale of the team, BG SKY, LLC also agreed to a lease of Bowling Green Ballpark with the Bowling Green Downtown Economic Authority.
A key part of the agreement is for the Hot Rods to remain in Bowling Green as an anchor to the Downtown area. The term of the lease runs until 2030 with potential extensions well into the future beyond that date.