by Cullen Laberge

Bangor, Augusta, and Old Orchard Beach Maine- Wasabi Ventures Sports Management has purchased full ownership stakes into three teams in the Greater Northeast Collegiate Baseball League. These three teams include the Bangor Babes, Augusta Surgin’ Sturgeon, and the Old Orchard Beach Bugs. 

Co-founder and Operating Partner of Wasabi Venture Sports Management, Jeff Musgrove commented regarding the purchase,  “This news could not come at a more exciting time. The Bangor Babes, Augusta Surgin’ Sturgeon, and Old Orchard Beach Bugs were a great match with our model. We are excited to see the growth of our three teams, and the league itself. Additionally, we are excited to bring the best possible baseball product to our players, and emerging fans in the three team locations.”

The three teams will start their first season on June 1, 2024. All three teams will be competing in three high-level ballparks that will bring the best facilities in the state of Maine to players and fans alike.

”It has long been my goal to watch the League evolve and flourish. In order for that to become a reality it was clear that it required an infusion of ideas, passion, and baseball sense to take things to the next level. I am pleased to see the Wasabi Sports Group come aboard in an ownership capacity because they represent all of those characteristics. In my conversations with them it is apparent that their vision and marketing acumen will assist in seeing that the GNCBL is poised to take its’ place among the elite College Summer Leagues of New England.” Commented the League Commissioner of the GNCBL, Max Salevsky.

Wasabi looks to bring expertise in business and technology to help the Babes, Surgin’ Sturgeon, and Bugs start their inaugural season. The three teams will bring strong community engagement, player development, and fan experience to the GNCBL. 

Wasabi Ventures Sports Management is bringing together best practices of venture capital, start-up thinking, and technology innovation to the world of sports ownership. Wasabi Ventures Sports invests in assets across sports franchises, leagues, events, and sports technology companies.

The Greater Northeast Collegiate Baseball League focuses on bringing high-level collegiate summer baseball to the Northeast. The league is focused in the state of Maine for its first year of operation.