This certainly is not good news for Memphis.

The question, which we will try and find out in the coming days, is what happens to the Redbirds now that the Cardinals have announced that they will not pursue purchasing their Triple-A affiliate, the Memphis Commercial Appeal reported. The Cardinals stated they remain interested in the team but could not justify purchasing it in the current economic climate.

"We were a little bit surprised but we understand. A lot has happened since September," Redbirds president of business operations Bill Harter said. "It’s not something against the city of Memphis or the Redbirds. It boils down to the economic situation we are in today."