SAVANNAH -- The Sand Gnats minor-league baseball team will be sold to an Atlanta-based ownership group.
Jason Freier, chief executive officer of Hardball Capital, which is purchasing the team, says his company has finalized a contract with owner John Simmons.
Financial terms were not disclosed.
Baseball officials must approve the sale.
Freier says his group approached the Illinois owner in October. He says he would like to keep the team's New York Mets affiliation, which expires at the end of the 2008 season.
Simmons thanked the city and the team's fans in a statement and said his family would attend future Sand Gnats games.
Hardball Capital has owned the Wizards baseball club in Fort Wayne, Ind., since February 2006.
In December it sold the Salem, Va., Avalanche franchise to Fenway Sports Group.