Bay Bears in talks to leave Mobile?

(WPMI) Local 15 will have more on this developing story.

Published reports indicate the Mobile Bay Bears may be in the process of being sold to an Arizona investment group that would move the team to the Huntsville suburb of Madison, and that an investment pitch from BallCorps, LLC also mentions Savannah and Baton Rouge as potential destinations.

Area media is reporting the document as stating “BallCorps has entered into an Asset Purchase Agreement (APA) to acquire the only Double-A team that league officials will agree to move, and engaged in conversations with multiple municipalities that have indicated they would build a new ballpark upon BallCorps’ commitment to relocate the team.” and that "the investment opportunity summary says that would be to move the Mobile Bay Bears to one of three cities, before aiming to sell the team again in five to six years.

Bay Bears GM Chris Morgan denied the reports and directed us to Bay Bears owner Mike Savit.

When reached for comment, the mayor's office offered this statement:

We have worked hard for the past three years to make needed repairs and improvements to Hank Aaron Stadium. As the home of the most Hall of Famers per capita, baseball plays an important role in Mobile’s past, present and future. We are in contact with the Mobile Bay Bears’ ownership and our goal is to keep the team in Mobile. We won't speculate on private business negotiations. We remain committed to building upon Mobile's baseball tradition as part of our family-friendly community.

Local 15 will have more on this developing story.