Tampa-Based Businessman Buys the Baysox and Keys
Sports and food service entrepreneur Ken Young of Tampa has purchased the Bowie Baysox and Frederick Keys, both minor league affiliates of the Baltimore Orioles, from Philadelphia-based sports and entertainment giant Comcast-Spectacor, the two sides announced yesterday.
The terms of the deal were not disclosed.
"We look at it to be a reasonably good investment and one in which we can provide a better quality of life for the community," Young said yesterday.
The Class AA Baysox play in baseball's Eastern League, and the Class A Keys play in the Carolina League.
Young, 56, began working in the food service business following graduation from Penn State.
Young also owns the Norfolk Tides, a Class AAA affiliate of the Orioles, and the Albuquerque Isotopes, a Class AAA affiliate of the Florida Marlins. He purchased the Tides in 1993 and the Isotopes in 2001. In addition to the Norfolk Admirals of the American Hockey League, Young owns Ovations Food Services, a food and beverage concession company that serves stadiums, arenas, convention centers and county and state fairs around the country.
"I believe we run some excellent baseball teams," Young said. "We have fun with them. The fans like what we do. We really stress the family fun entertainment and affordability factors."
Comcast-Spectacor also announced that it has entered into a preliminary agreement to sell the Delmarva Shorebirds to 7th Inning Stretch, a baseball ownership group headed by investor Tom Volpe.
-- Thomas Heath