MOOSIC -- The Scranton/Wilkes-Barre RailRiders announced Wednesday that Mandalay Baseball, the co-owner of the team, has sold its share of the Triple-A franchise to an investment group.
According to RailRiders President and General Manager Rob Crain, it will be business as usual. Fans will see no disruption to the team or the stadium in Moosic.
That investment group, SWB Investors LLC, is made up of five partners, two of whom have been friends since attending college together at the University of Pennsylvania.
For more than a year Mandalay Baseball has been in the process of selling its interests in the RailRiders and four other minor league teams.
Mandalay owns 50 percent of the RailRiders. The other half is owned by the New York Yankees, the team's major league affiliate.
According to Crain, the sale price for Mandalay's share is confidential as the deal is not officially closed.