NC Entrepreneur Acquires Another Old North State Baseball League Team
(Ramseur, NC) The Old North State Baseball League (ONSL) announces the sale of another of its original teams to a North Carolina entrepreneur.
The Fayetteville Chutes based in Fayetteville, NC has been purchased by Phillip Lin, an entrepreneur who is a minority owner of the Fayetteville Fury (an indoor soccer league) and the Owner of Catering by Design and Howdy Homemade Ice cream, both based in Cary, NC. The Howdy Homemade Ice Cream business model supports a non-profit (the Tsai Chung Ling Foundation) that creates jobs for people with intellectual and developmental disabilities. Mr. Lin purchased the Oak City Gliders based in Raleigh, NC (another ONSL team) in October 2022.
Phillip Lin stated, "As a lifelong baseball fan, it’s always been a dream of mine to own a baseball team. I am so thrilled that I am able to fulfill my dream in two cities that I love, and to dedicate the team to the memory of my mom, who loved the sport as much as I did. This is such a special moment for me. My plan for the team is to continue the tradition of the league being for the players as well as enhancing the fan experience."
Alec Allred, President and CEO of ONSL stated, "The Old North State League is extremely excited that the Tsai Chung Ling Foundation and Phillip Lin have acquired another of the ONSL teams. Phillip brings a wealth of knowledge from other business ventures around North Carolina. We are all looking forward to watching the Gliders and the Chutes soar to new heights in the Old North State League."
The Fayetteville Chutes play at J.P. Riddle Stadium 2823 Legion Rd in Fayetteville. The Oak City Gliders play at Optimist Park on 5900 Whittier Drive in Raleigh. The ONSL season runs through June and July.
President and CEO of the Old North State League, Alec Allred, explained the transactions, "We believe very strongly that the ultimate success of the league is dependent on the private ownership of every team in the league. This will lead to bigger crowd sizes, more community support, and bigger media content deals. It has long been our goal to be a league free to all players and I believe this helps us get there in the future!"
The Old North State League operates with fourteen collegiate baseball teams in locations from the Appalachian Mountains to the Atlantic Coast.
Jesse Grant at The Sports Advisory Group, the nation's leading sports M&A advisory firm, assisted with the transactions.
For more information contact:
Alec Allred, President and CEO ONSL: email@example.com
Jesse Grant, The Sports Advisory Group: Jesse@thesportsadvisorygroup.com 845-612-9323
Phillip Lin, Owner Oak City Gliders: firstname.lastname@example.org
Director of Community Relations
Old North State Baseball League