The Alexandria minor league baseball club has evaded the threat of extinction because of financial losses and will "definitely" continue operating next year using a "sharing" arrangement with several other teams, club president A. Eugene Thomas said yesterday.

The team will be "loaned" minor league players from clubs owned by or affiliated with the Baltimore Orioles, Seattle Mariners, Boston Red Sox, Chicago Cubs, Atlanta Braves and Pittsburgh Pirates, Thomas said.

After last season, the Seattle Mariners decided to drop their East Coast Class A affiliation.

The team will change its name back from Mariners, adopted with the 1979 tieup, to the Dukes of the previous year's inception and will continue as a member of the Class A Carolina League.

Thomas said that under the sharing arragement, the clubs which "loan" players to the Dukes will pay the players' salaries and related expenses. The Alaxandria team will pay their lodging and transportation costs, he added.

The team plays at the Four Mile Run Park field at Cora Kelly Elementary School in Alexandria.

The Alexandria club lost $65,000 in its two years of operations, but Thomas maintains it broke even for 1979.The club had $50,000 in gross ticket sales last season, Thomas said, and finished second in the six-team league.