Haslams sell interest in the Smokies baseball team

Haslams sell interest in the Smokies baseball team

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KODAK (WATE) - Gov. Bill Haslam and Pilot Flying J CEO Jimmy Haslam have sold their stakes in the Smokies baseball team to Knoxville entrepreneur Randy Boyd.

Boyd, who is the founder and CEO of Knoxville-based Radio Systems Corporation, began negotiations with the Haslams in January and reached the deal in March.

The Haslams will retain a security interest in the team.

"My partners and I have been honored to own the Smokies for the past ten years, and didn't want to let the opportunity to sell to a local owner pass by," said Jimmy Haslam.

Boyd said he considers the purchase a community investment rather than a financial one.

"I have wanted to get involved with the Smokies for a long time" he said. "The Smokies have been part of our community since 1911, and my goal is to make sure they stay a part of our community for another 100 years. My wife Jenny and I plan to keep the team in our family for generations."

Other ownership partners of the Tennessee Smokies included Tennessee Supreme Court Chief Justice Gary Wade; Dr. Dwight Wade, retired physician and founder of Summit Medical Group; Teddy Phillips, principal, Phillips & Jordan, Inc.; Sid Blalock, owner, Blalock Companies; and Jim Blalock, owner, Blalock Companies.

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