Current Double-A (baseball) team owners and the principal corporate entities that operate the clubs:
| Division | Team | MLB affiliation | Owner(s) | Principal(s) | Year acquired |
|---|---|---|---|---|---|
| North | Birmingham Barons | Chicago White Sox | Diamond Baseball Holdings [53] | Pat Battle (chairman); Peter Freund (CEO) | 2023 |
| Chattanooga Lookouts | Cincinnati Reds | Hardball Capital Group [54] | Jason Freier (CEO), John Woods | 2015 [55] | |
| Knoxville Smokies | Chicago Cubs | Boyd Sports [56] | Randy Boyd, Jenny Boyd [57] | 2013 [58] | |
| Rocket City Trash Pandas | Los Angeles Angels | BallCorps LLC [59] | Ralph Nelson (CEO) | 2017 [60] | |
| South | Biloxi Shuckers | Milwaukee Brewers | Shuckers Baseball, LLC [61] | John Tracy [62] | 2023 [63] |
| Columbus Clingstones | Atlanta Braves | Diamond Baseball Holdings [64] | Pat Battle (chairman); Peter Freund (CEO) | 2021 | |
| Montgomery Biscuits | Tampa Bay Rays | OnDeck Partners (Avenue Capital Group) [65] | Marc Lasry [66] | 2025 [67] | |
| Pensacola Blue Wahoos | Miami Marlins | Quint Studer, [68] Rishy Studer, Bubba Watson | Quint Studer, Rishy Studer, Bubba Watson [69] | 2015 [70] |