The team was bought in 1988 from Osaka's Nankai Electric Railway Co and moved to Fukuoka.
It is 60% owned by Daiei Inc of Japan.
Daiei Inc., under financial pressure, agreed to sell the team as well as the Fukuoka Dome and the Sea Hawk Hotel. It is likely the team will lose the name "Daiei" after the sale, expected in 2004.
The Daiei Hawks won the Pacific League championship in 1999, 2000 and 2003 and won the Japan Series in 1999 and 2003.