One Company Owns 41% of the Minors. It Is Building Something Bigger Than a Team Portfolio.
Diamond Baseball Holdings now owns 49 of Minor League Baseball’s 120 affiliated clubs—one team shy of MLB’s current ownership cap. But the real story is not the number of franchises it has collected. MLB’s 2021 overhaul turned a fragmented local business into something that could be operated at national scale, and DBH is becoming part owner, part commercial platform, and increasingly part real-estate company.
