A former radio executive said yesterday he has bought majority control of three Maryland-based farm teams of the Orioles.
David Pearlman, president of Triple Play Partners LLC of Lexington, Mass., declined to say how much he paid to Comcast-Spectacor for the Double-A Bowie Baysox and the Single-A Frederick Keys and Delmarva Shorebirds.
Triple Play Partners was started this year by Pearlman and partner Steve Horowitz. Pearlman, a former senior executive at Infinity Radio and co-founder of American Radio Systems, said the two plan to buy more minor league teams across the country.
"From a price point and family entertainment option we feel strongly that minor league baseball is not only viable, but it's thriving," Pearlman, 53, said. "They're at all-time highs in attendance nation-wide. We see no reason why that can't continue to grow and continue on the upward spiral.
"Our goal is to be a major player in minor league baseball. We want to earn a reputation for being the preferred supplier of minor league baseball to MLB."
Comcast-Spectacor, a subsidiary of Philadelphia-based cable giant Comcast Corp., bought the three teams from Peter Kirk's Maryland Baseball LLC in June 2000. It will retain a minority interest in the teams.
"These are three terrific teams," said Pearlman, who declined to say what percentage of the teams his company bought. "Comcast-Spectacor has done a solid job of operating them."
The deal must be approved by the Eastern League, Carolina League and South Atlantic League - in which the three teams play - and by Major League Baseball.