The Terre Haute Rex baseball team will remain in the city after finding new ownership.
Bruce Rosselli, Brian Dorsett, John Newton, Bob Brown, Kevin Hoolehan and Ray Kepner — all men with Indiana State University or Terre Haute connections — announced their purchase of the collegiate summer league team Friday.
Officials for the ISU Foundation started the Rex in 2010 hoping to sell the team for a profit after four years. But the team didn’t break even last year and foundation officials had announced last summer they wouldn’t continue operating the team next summer unless they could find a buyer.
Rosselli hopes to change the team’s financial fortunes, but says the ownership group did not purchase the team in hopes of turning large profits.
“What motivated our decision was to keep the team in Terre Haute. Somebody else could’ve bought the team and took it to another city and stayed within the league. We didn’t want it to leave Terre Haute,” Rosselli says.
Rosselli hopes expanding marketing efforts into surrounding Illinois and Indiana counties will drive attendance.
The team will still play its games at Indiana State’s Bob Warn field, which is leased for the next four years.