No owner means no affiliation for the Fort Worth Cats in 2012.
The team, currently without a ownership group, reportedly failed to meet yearly financial requirements for the American Association of Independent Professional Baseball for next season and has been dropped by the league.
Carl Bell, Fort Worth Cats' Majority Owner, responded to the news by saying the league had gone public with a ongoing negotiation.
"We were disappointed to learn of the American Association's misleading presentation of our confidential agreement with the league. The Fort Worth Cats led the effort to start the American Association, and were a founding member of the league six years ago. The 2011 season concluded our second three-year affiliation agreement with the league. As we explored all of the options for the future of LaGrave Field and the Fort Worth Cats , it was our decision to hold off on committing to another three-year agreement at this time, and to make sure we chose the best option for the future," Bell said in a press release.
The league said without a letter of credit for the Cats, players under contract will be entered in a dispersal draft to be picked up by other American Association teams.
Cats representatives said they are currently in negotiations to transfer ownership and to stay in historic LaGrave Field in Fort Worth.