“After all, a few years ago, Major League Baseball nuked the old minor league system, and, as part of its restructuring, kicked more than 40 teams out of the world of officially sanctioned minor league baseball entirely — and in the process, weakened previous rules that capped the number of teams any one owner could control, opening the door to Diamond Baseball Holdings’ takeover.
A bunch of those suddenly unsanctioned teams ended up folding, and no one wants to be next in line for a relocation or elimination if the major league overlords aren’t kept happy and decide to, once again, arbitrarily rework part of the system”
https://boondoggle.substack.com/p/meet-the-private-equity-firm-squeezing