Multiple rumors have it that the Akron Aeros season-long sale to a new owner has been completed.
The last hurdle to the deal - the approval by Major League Baseball - appears to have happened, signaling the end of the ownership of Mike and his son, Greg, Aggainis.
The team has yet to issue an official press release and has declined to comment about the ownership change throughout the season.
According to the Aeros website, Mike Agganis purchased the franchise in 1981, then the Lynn Sailors playing in Lynn, Massachusetts. He then moved the team to Burlington, Vermont, where it became affiliated with the Cincinnati Reds and later the Seattle Mariners.
In 1989, the club moved to Canton and became the Canton-Akron Indians, the Indians Double-A affiliate. The "Little Indians" won the Eastern League Regular Season Championship in 1992 and earned a berth in the EL playoffs in each of its first five seasons.
After eight seasons in Canton, Agganis relocated the franchise to Akron in 1997 and the team began playing in the brand new downtown ballpark Canal Park.
Since then, the Aeros have won four E.L. Championship titles, the latest this past season under second-year manager Chris Tremie.
While the new owner's name has yet to be revealed, multiple sources have said the new owner is not a local businessman. However, he is looking to find a home in Akron soon and plans to be very visible throughout the season next year.