the redbirds had been unique in baseball until recently, in that they were owned by a non-profit community foundation, the memphis redbirds foundation; the green bay packers of the nfl have a similar ownership structure. however, the foundation defaulted on its bond payment in 2010. on november 15, 2013, the foundation announced that the default would be remedied by the st. louis cardinals paying off the bonds at a discount and acquiring the redbirds, while the city of memphis resumes ownership of the stadium.