South Coast League Suspending Operations
The South Coast League of Professional Baseball announced today that on April 1st, the league will be suspending business operations and postpone the 2008 season indefinitely.
The league made its Inaugural Season debut in 2007 to six markets located in South Carolina, Georgia, and Florida. Most recent plans called for the replacement of one team by a new addition to the league out of Jackson, Mississippi.
Recent developments within the company as well as lengthy discussions with the entire ownership group led to the decision that was handed down to league officials and the markets currently home to the league's teams.
Like many businesses caught in the economic downturn, the South Coast League has not been able to close on a sufficient amount of debt and equity financing to ensure a successful 2008 season.
The league owners have indicated that they will continue to plan for a possible restart in 2009, possibly under new ownership.
The South Coast League wants to thank the many fans, sponsors, and local leaders who made the 2007 season possible.
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South Coast League Suspending Operations
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