WICHITA, Kan. — A new nonprofit formed by the city of Wichita now owns the National Baseball Congress World Series.

Wichita City Council members on Tuesday approved the transfer of the city-owned tournament to the NBC Baseball Foundation.

Wichita Mayor Carl Brewer will appoint the foundation's nine-member board next month. The Wichita Eagle reports (http://bit.ly/1j7d3FR ) the members will include those with experience in baseball, marketing and finance, as well as two council members.

The city started an internal review of the tournament in the fall of 2012 in response to financial problems, late payments to vendors and dwindling attendance at the amateur baseball tournament.

The tournament began in Wichita in 1935. This year's NBC World Series runs from July 25 through Aug. 9.