The "Paw Sox" are the Triple-A affiliate of the Boston Red Sox. Ben Mondor bought the team in 1977 and his widow, Madelaine, has owned the team since his death in 2010.
Grebien said the new ownership group decided not to purchase McCoy Stadium and will instead build a new stadium elsewhere. NBC 10 News reports the new owners want to move the team to Providence, a larger city that borders Pawtucket.
Boston Red Sox team president Larry Lucchino is part of the new ownership group along with other Rhode Island investors, according to Kevin McNamara of The Providence Journal.
The Pawtucket Red Sox are scheduled to open the 2015 season on April 15 at home.
- Paul Palladino