Wednesday, Dec 17, 2014
Quincy, IL News - QuincyJournal.com
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Gems sale still not final

Gems sale still not final

3 months, 4 weeks ago by Jim Dewey

Price has been agreed to by the two sides, but deal is not done.

The sale of the Quincy Gems has not yet been finalized but another step has been completed by the Oakley Lindsey Center Board.

During its regular monthly meeting on Wednesday - the OLC board approved a sale/lease price for the Gems and agreed to let Executive Director Rob Ebbing and Board President Hubert Staff sign the paper work closing the deal.

Neither the price nor the buyer were disclosed at Wednesday's meeting.

The Gems were put up for sale before the 2014 season began and as many as 5 different individuals or groups have shown interest in the team. The Prospect League had set an August first deadline for the Gems to withdraw from league play next season. That deadline was extended to September first.

 Ebbing said that is not a sale deadline, "if we're willing to take the chance, then we can just keep things rolling along." 

There is no time table to complete the sale. Ebbing said it's in the lawyers hands, "and I would hope they're moving along at a fast pace, they know there's some urgency involved."

 The board also approved sending a letter of congratulations to the Gems for winning the 2014 Prospect League title.


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