Wow! Big developments happening in Oakland and Las Vegas!
The Oakland Athletics acknowledged to the Las Vegas Stadium Authority in a July 18 presentation that they currently do not have the funds to build the proposed $1.5 billion Sin City ballpark. Vital Vegas. (Related article: Umpire and coach get into fight over swearing in front of kids at North Carolina Little League game)
That's right folks. Despite Major League Baseball officially announcing the move, the Athletics have no one willing to invest in either the move or the stadium. To make matters worse for the team, despite hiring a respected and respected firm, Galatioto Sports Partners, they were unable to find anyone willing to invest in a move to Las Vegas, according to Vital Vegas.
That said, the group still plans to solicit investors to help fund part of the relocation, as well as reduce the equity contributions the Fisher family originally requested, he said. Las Vegas Review-JournalThe participating investors will become minority shareholders in the Athletics, Inc. According to the media, the team plans to continue considering a purchase after the proposed development agreement is announced and the stadium design process gets underway.
that's why @Athletics Apparently there are no investors for a new stadium in Las Vegas and there is a gag order in place against potential investors who want to buy the team and keep the Athletics in Oakland.
This is a mafia movie #Athletics #MLB
— Kenny the Sports Guy Podcast (@kenny_sports) July 21, 2024
And what makes this situation even more exciting is that a gag order has been issued against any Bay Area groups that want to keep the Athletics in Oakland. San Francisco Chronicle.
That's a bit shocking https://t.co/BmzVHJQcHr pic.twitter.com/OSWph4UIJ7
— Cody (@memeshiftedwake) July 18, 2024
At this point, we don't know if the Athletics will actually move to Las Vegas, but the entertainment value of this whole situation is going to be great.
