Minor League Baseball wanted a local investor in the ownership group of the Richmond Flying Squirrels. So did Lou DiBella, the Double-A franchise's president and CEO. Brian Callaghan filled the slot.
DiBella introduced Callaghan, 39 and a 1993 Virginia Tech graduate, Thursday at The Diamond during a Squirrels' event set up to display ballpark improvements.
"He made a significant investment in the team," DiBella said of Callaghan, founder and co-CEO of Apex Systems, Inc., a Richmond-based company that provides temporary and temporary-to-permanent technical staffing. "He is now part of what we call the Chairman's Council, which is sort of like the board of directors of the team. We wanted a Richmond voice on that board."
Callaghan attended Lake Braddock High School in Burke and worked in Northern Virginia, Oregon and New York prior to settling in Richmond. He founded Apex Systems in 1995.
DiBella, who lives in New York City, leads an ownership group of about 35 investors. Callaghan chose not to reveal the amount of his investment, but said he was one of the larger minority investors, and characterized his role as the local link for the ownership group.
"You have to have somebody who's on the ground, who understands what it's like to be in the community," Callaghan said. He added that he is in position to speak with business and community leaders on a regular basis, "and I think it's important for an operation like the Squirrels to have that kind of connection."
When the Richmond market was vacated by the Atlanta Braves' Triple-A franchise following the 2008 season, Minor League Baseball pushed for majority local ownership of the new Richmond team. That plan dissolved when Richmond Baseball Club LC, due to lack of funds, failed to close the $15-million deal for DiBella's franchise.
"That gave us an opportunity, and when we got that opportunity, we jumped on it," DiBella said.
Minor League Baseball granted DiBella permission to transfer the franchise to Richmond. Minor League Baseball selected the franchise, which was the Connecticut Defenders, as a candidate for relocation primarily because of attendance issues in Norwich, Conn.
Callaghan formally joined the ownership group in January.
"Watching the [management] team that they've assembled, watching the way they approached it, was something that really hooked me," he said. "I remember an early conversation with them, talking about it as an investment, and they said, 'You need to understand, you're not in the baseball business, you're in the family-entertainment business.'
"That type of attitude to me was the hook that I really think we needed."
DiBella said he has no intention of relinquishing his role as head of the ownership group. He said there is a possibility of adding other Richmond-area residents as investors
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