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A trio of Ottawa investors has purchased the Ottawa Champions baseball team and says they are hopeful the team will return to the field next summer.

But the club’s return still depends on negotiating a new stadium lease with the city.

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“We have secured an agreement with Miles Wolff for the Ottawa Champions (and) we look forward to meeting with the city to negotiate a new lease” for the Ottawa stadium on Coventry Road, said Ray Abboud.

Abboud said he and his partners Rob Lavoie and Fred Saghbini remain hopeful of being able to field a team in 2020, although he would not say who their opposition would be. Abboud is a financial planner, Lavoie runs local Play It Again Sports stores and Saghbini is in project management.

“All I can say is the fans will be pleased,” said Abboud.

Champions founder and long-time owner Miles Wolff confirmed the sale but stressed “it might not be worth anything until they have a new lease.”