US M&A team represents Designated Bidders in purchase of San Antonio Missions Minor League Baseball team

Our M&A team represented Designated Bidders LLC in its purchase of the San Antonio Missions Minor League Baseball team from the Elmore Sports Group. Founded in 1888, the Missions play in the Double-A Texas League as an affiliate of Major League Baseball's San Diego Padres.

Designated Bidders, LLC was founded by Bruce Hill, Randy Smith and Graham Weston of Weston Urban, Bob Cohen of Bob Cohen Strategies and Peter J. Holt, Chairman of Spurs Sports & Entertainment. Ryan Sanders Baseball, owned by the families of Major League Baseball Hall of Famer Nolan Ryan, CEO Reid Ryan and Don Sanders along with Roger Clemens and Craig Biggio, will join Designated Bidders as owners and operators of the Missions. The new ownership group also includes Basketball Hall of Famers David Robinson and Manu Ginobili, along with numerous San Antonio civic leaders, including former San Antonio Mayor Henry Cisneros and former Texas Secretary of State Hope Andrade.

The Elmore Sports Group, which was founded in 1969 by David G. Elmore, is one of the largest ownership groups in Minor League Baseball, hosting more than a million visitors to its sports franchises annually.

Our deal team included Daryl Lansdale, Charlie Hord, David Hagen and Ben Montanez.