Haslam Planning To Sell Minor League Baseball Team
Jimmy Haslam also is CEO of Pilot Flying J, which is under federal investigation into alleged rebate fraud. Lauren Christ, a spokeswoman for Pilot Flying J, said the sale of the Smokies wouldn't affect Haslam's ownership of the Browns and was unrelated to the investigation.
Randy Boyd, the CEO of Knoxville-based Radio Systems Corporation and a top education adviser to Gov. Haslam, is buying the Chicago Cubs' Double-A Southern League affiliate, the team announced Friday. The move was first reported by the Knoxville News-Sentinel.
The Haslams will retain a security interest in the team. Terms weren't released.
The deal awaits final approval from Minor League Baseball and Major League Baseball.
Source: Associated Press