ST. LOUIS -- The St. Louis Cardinals now own their top minor-league team.

The Cardinals on Friday closed on the purchase of the Triple-A Memphis Redbirds from Fundamental Advisors LP, the sole bondholder of the Memphis Redbirds Baseball Foundation. As part of the deal, the city of Memphis, Tenn., acquired AutoZone Park and will lease the stadium to the Cardinals.

The financial terms of the purchases and the lease agreement for the stadium were not disclosed.
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