Dec 11, 2007 2:08 AM EST

The Fenway Sports Group, owned by the same company that owns the Red Sox, has agreed to buy the Salem Avalanche of the Class-A Carolina League.

FSG is the managing partner of the ownership group buying the club, based in Salem, Va.

"The Salem Avalanche is a model minor league sports franchise with a rich history, having played in a region that has supported professional baseball for more than a century," FSG President Mike Dee said.

The Avalanche is an affiliate of the Houston Astros.

Via Associated Press