Oakland Athletics Owner Seeks Funding for Las Vegas Move

The principal owner of the Oakland Athletics, John Fisher, has taken another step in securing funding for the team’s move to Las Vegas. Fisher has hired Galatioto Sports Partners to help source the $500 million needed from outside investors. This move comes as the A’s have already received $380 million in public funding for the new Las Vegas stadium, which has a total cost of $1.5 billion.

Despite initially stating that the Fisher family would cover the remaining funds needed, it appears that Fisher is now seeking outside investors to help with the relocation. This decision has further alienated the fan base, who have already expressed discontent with the move.

Galatioto Sports Partners will be looking for one or more investors to help reach the $500 million target, potentially requiring Fisher to sell a significant portion of his ownership stake in the team. Additionally, a “flip tax” included in the relocation agreement could complicate matters further.

With a tight timeline for the move to Las Vegas, Fisher will need to make a decision soon on how to secure the necessary funds. If ground isn’t broken by 2025, it may be difficult to complete the relocation by the expected date of 2028. This development has left A’s fans feeling disappointed, as the team’s historic franchise may be leaving Oakland for good.