Newspaper article THE JOURNAL RECORD

Funk, Pruitt Complete Takeover of Oklahoma RedHawks Baseball Team

Newspaper article THE JOURNAL RECORD

Funk, Pruitt Complete Takeover of Oklahoma RedHawks Baseball Team

Article excerpt

The sale of the Oklahoma RedHawks professional baseball team to a local ownership group by Gaylord Entertainment was completed on Thursday.

The sale of the Triple-A franchise was approved by Major League Baseball and the Pacific Coast League of Professional Baseball Inc.

The sale ends Gaylord Entertainment's 10-year ownership of the club. Gaylord, based in Nashville, owned 76 percent of the RedHawks. Gaylord Entertainment said cash proceeds from the transaction totaled $6.8 million.

Gaylord Entertainment President and CEO Colin Reed said the company has grossed more than $330 million since 2001 through sales of its non-core assets.

The Oklahoma Baseball Club LLC, formed by principal owners Robert A. Funk and E. Scott Pruitt, announced their agreement to purchase the team in July. Funk, 63, is founder and chairman of Oklahoma City- based Express Personnel Services. Pruitt, 35, is a Republican state senator from Broken Arrow who played collegiate baseball at the University of Kentucky.

Scott and I are delighted to have the opportunity to purchase one of Oklahoma City's most recognizable and cherished assets, Funk said. I have always had a strong commitment to give back to the community which has helped me prosper.

Oklahoma City has been a Triple-A affiliate for more than 40 years. The RedHawks play home games in SBC Bricktown Ballpark.

The Pacific Coast League owes a debt of gratitude to Gaylord Entertainment and the Gaylord Family itself, said Branch Rickey, league president. Without them, we would not be privileged to have a dazzling facility like SBC Bricktown Ballpark.

However, the addition of Bob Funk and Scott Pruitt bodes extremely well for the dynamic future of this franchise. …

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