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MLB Cardinals Agree To Buy Redbirds; Memphis To Acquire Ballpark

The Memphis Redbirds Baseball Foundation today announced that the MLB Cardinals will acquire the Triple-A PCL club, with the city of Memphis to acquire AutoZone Park. Under the deal, to be presented to the City Council on Dec. 3, the Redbirds would enter into a "long-term lease agreement" with the city. Financial details were not included in the announcement, but a release did state there will be a "significant capital investment" in the ballpark (COMMERCIALAPPEAL.com, 11/15).

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