Worcester Red Sox

The Worcester Red Sox on Tuesday afternoon officially announced the team will be sold to Diamond Baseball Holdings, a corporation based in New York City with more than 20 minor league baseball teams across the country.

Diamond Baseball Holdings, a corporation that owns more than 20 minor league baseball teams across the United States, has reached an agreement to purchase the Worcester Red Sox, according to reporting by the Boston Globe

Rising costs on everything from construction loans to building materials are slowing some projects and delaying the start of others.

The Worcester Red Sox dropped from the number five spot to sixth in average attendance and from sixth to seventh in total attendance among all minor league teams in the WooSox third season in Worcester, according to data provided by Major League Baseball.

As was the case for the first two years of debt payments, the saving grace for the current fiscal year 2023 and the next fiscal year 2024 is a $3-million property sale from 2021.

Worcester Business Journal has been honored by the New England Newspaper & Press Association for coverage of diversity, equity, and inclusion issues, along with Polar Park, opinion commentary, editorial cartoons, and special sections on Worcester’s 300th anniversary and the 40 Under Forty awards.

Of the 21 corporate sponsors who initially signed on as Founding Partners for the Worcester Red Sox ahead of their inaugural season, 16 have so far committed past the initial three-year term to renew their relationship with the team until at least 2025.

An academic paper has used the $160-million Polar Park in Worcester as one of two examples of the problem of the pro forma model, saying the ballpark will saddle the city government with fiscal deficits up to $60 million.

The Worcester Red Sox have seen a 16% increase in ticket sales year-over-year compared with sales at the same time in 2022.

Marlborough energy and retail company Yatco Energy has purchased a permitted site in Worcester formerly owned by a co-owner of the Worcester Red Sox, in order to build a gas station and convenience store.