Wasabi Ventures Sports Management acquires majority interest of Clayton Clovers
RAMSEUR, NORTH CAROLINA - Wasabi Ventures Sports Management has purchased a majority interest in the Clayton Clovers. Louis DeCarolis remains an owner of the team with Wasabi and will continue to serve as the General Manager and Head of Operations.
DeCarolis commented on the transaction: “I am excited to welcome Wasabi Sports to Clayton, and I truly believe they are the perfect fit for the Clovers. Our visions aligned perfectly on how we see the organization growing with our fans and around our community. Finding a long-term home in the Old North State League in 2022, and now our new ownership structure in 2024, we are right where we want to be. Under Wasabi Sports, the Clovers look forward to growing with the Town of Clayton and bringing an incredible baseball experience to the good folks of Johnston County.”
Wasabi looks to bring expertise in business and technology to help the Clovers continue their growth in their third year. The Clovers are a perfect fit for the Wasabi model- partnering with local owners/operators with a focus on player development, fan experience, and community engagement.
"We could not be more excited to join the ownership ranks of both the Clayton Clovers and the Old North State League”, said Jeff Musgrove, Co-Founder and Senior Operating Partner of Wasabi Ventures Sports Management. “The opportunity to partner with Louis and support the growth of the Clovers is a perfect match for our mission- building strong teams in Collegiate Summer Baseball that provide the players with a showcase, backed by a commitment to development beyond baseball skills. In addition, we are looking forward to becoming a part of the Clayton family and contributing organizations and causes that are the fabric of the community."
The Commissioner of the ONSL, Eric Sibrizzi, responded to the changes in the organization, “The acquisition of the Clayton Clovers by Wasabi Sports comes as exciting news for the Old North State League. We are pumped to see what Wasabi Ventures Sports brings to the table for the collegiate summer league scene, and we are delighted that Louis DeCarolis is staying on as owner and operator!"
If you would like to catch a Clayton Clovers game this summer, their schedule is now available. Home games will be played at East Clayton Community Park, which is located at 1774 Glen Laurel Road in Clayton, NC.
Wasabi Ventures Sports Management is bringing together best practices of venture capital, start-up thinking, and technology innovation to the world of sports ownership. Wasabi Ventures Sports invests in assets across sports franchises, leagues, events and sports technology companies.
The Old North State League is a summer collegiate baseball league located across the state of North Carolina. It has grown to be one of the largest leagues in the country.