OnDeck Partners Champions Community Engagement in Baseball
OnDeck Partners has emerged as a fresh face in Minor League Baseball, driven by a community-first approach. This newly formed sports ownership group, associated with the Avenue Sports Fund and spearheaded by Marc Lasry, is making headlines with its recent acquisition of two iconic franchises: the Montgomery Biscuits and the Visalia Rawhide.
Investing in Fan Experience
As OnDeck Partners embarks on its journey, it sees immense potential to enrich fan experiences and transform in-stadium offerings. CEO Mike Carney expresses the vision, stating, "We aim to create lasting memories through baseball, making our ballparks the heart of community gatherings and celebrations. This perspective will strengthen community bonds while showcasing the joy of the game."
Community Contributions of the Biscuits and Rawhide
The Montgomery Biscuits have garnered admiration as one of Minor League Baseball's most cherished teams, known for their engaging promotions and deep community roots in Alabama. Similarly, the Visalia Rawhide, boasting a legacy spanning over 75 years in California's Central Valley, stands out with a significant local impact and commitment to player development.
A Vision for the Future
By merging these well-established teams under the OnDeck banner, there is a clear objective: to uphold beloved traditions while implementing innovative strategies in game day entertainment and community involvement. OnDeck’s leadership team features seasoned professionals including Mike Carney as CEO, along with Jeff Wilen and Chirag Mithani, who bring a wealth of expertise from the realms of sports, business, and community outreach. This foundation is strengthened by the influence of the Avenue Sports team, led by Lasry.
Commitment to Minor League Baseball
Marc Lasry emphasizes the significance of these acquisitions, remarking, "Launching OnDeck Partners with the Biscuits and Rawhide reflects our dedication to Minor League Baseball’s rich tradition and our proactive role in shaping its future. We are excited to foster not just the teams’ success but also the vibrant communities they belong to."
About OnDeck Partners
OnDeck Partners, guided by the leadership of Mike Carney, is dedicated to owning and operating both the Visalia Rawhide and Montgomery Biscuits. The organization's mission is to revamp ballparks into lively community hubs. As part of the Avenue Sports Fund, OnDeck has made strides in investing in various sports leagues and franchises across North America and Europe. The company’s ethos extends beyond the game, aiming to create connections and foster belonging within local communities.
Avenue Sports Fund Overview
Avenue Sports Fund, established recently, focuses on diverse investment strategies, such as debt, equity, and minority stakes in thriving leagues and teams. This initiative is part of Avenue Capital Group, a renowned investment firm managing over $10 billion in assets, dedicated to specialized lending and unique investment opportunities. Co-founded by Marc Lasry and Sonia Gardner, Avenue Capital Group showcases a dynamic team of over 60 investment professionals across its global offices.
Frequently Asked Questions
What is OnDeck Partners?
OnDeck Partners is a new sports ownership group focused on Minor League Baseball, acquiring teams to enhance community engagement and fan experiences.
Which teams did OnDeck Partners acquire?
OnDeck Partners acquired the Montgomery Biscuits and Visalia Rawhide, two historic franchises with strong community ties.
Who are the leaders of OnDeck Partners?
The leadership team includes CEO Mike Carney, COO Jeff Wilen, and CFO Chirag Mithani, who bring extensive experience from various industries.
What is the mission of OnDeck Partners?
The mission is to transform ballparks into lively community spaces that foster connections and celebrations around the sport of baseball.
What is Avenue Sports Fund?
Avenue Sports Fund is the investment vehicle that supports OnDeck Partners, focusing on various sports-related investments across leagues and franchises.
