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Dayton Dragons will soon have new ownership

DAYTON, Ohio (WKRC) -- The Dayton Dragons, the single-A affiliate of the Cincinnati Reds, will soon have a new owner.

Palisades Arcadia Baseall LLC has announced that it has entered a definitive agreement to purchase the Dragons franchise.

The agreement is subject to customary closing conditions, including approval from Major League Baseball.

Palisades Arcadia Baseball is led by three Harvard friends and graduates, Nick Sakellariadis, Greg Rosenbaum and Michael Savit.

The three friends will make the purchase from Mandalay Baseball Properties LLC.

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