Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Developers aim to purchase A's share of Coliseum

Written by 
Published in Baseball
Wednesday, 14 February 2024 09:25

OAKLAND, Calif. -- The Oakland-based African American Sports & Entertainment Group has reached out to the Athletics and their representation with an offer to acquire what was previously Alameda County's 50% interest in the site where the Oakland Coliseum sits with the intent to develop.

AASEG Land LLC wrote to A's owner John Fisher, president Dave Kaval and their Coliseum Way Partners representatives in a letter dated Feb. 8 that was acquired and viewed by The Associated Press.

The correspondence states that AASEG initially reached out with a purchasing offer in September and the sides exchanged letters, with the A's responding they were not interested in relinquishing their share. AASEG said it is trying again given the club's plan to relocate to Las Vegas.

In 2019, the A's purchased the county's 50% share of the Coliseum site for $85 million and the team still is paying that off. The city of Oakland owns the other half of the stadium.

The development group said it decided to make a follow-up offer now following Major League Baseball's approval in November of the team's relocation to Las Vegas.

AASEG wrote it would "expect to discuss equitable buyout conditions" in the coming weeks in order to transfer contractual entitlement. The letter states "there is increasing public demand for prompt redevelopment of the site" and that AASEG has "significant community support."

The AASEG website says it was founded in 2020 "with the primary purpose of using the vehicle of sports and entertainment to create a path for enhanced economic equity for the Black community."

One stated goal is "the formation of the first majority Black owned NFL franchise" in Oakland with the Coliseum site vision as "a thriving sports, entertainment, educational and business district in East Oakland."

The A's are in the final year of their lease agreement to play in the Coliseum, and it remains unclear where they will play before a new Las Vegas ballpark opens in 2028 at the earliest. One option could be extending the current lease.

Last week, at the MLB's owner meetings, commissioner Rob Manfred told reporters he was confident the Las Vegas plan will come together in time, both in the short and longer term.

"I would be disappointed if we didn't open that stadium, Opening Day, 2028," Manfred said. "In terms of an interim home [from 2025 to 2028], I'm comfortable with where they are in the process.

"It's not like we don't know where they'll be in 2024. They're doing a good job of exploring them and find the best possible opportunity."

The Associated Press contributed to this report.

Read 143 times

Soccer

Atléti mark Simeone's 700th game with late win

Atléti mark Simeone's 700th game with late win

Diego Simeone's 700th game in charge of Atlético Madrid ended in a late 2-1 win over Deportivo Alave...

Sources: Olof Mellberg to become St.Louis boss

Sources: Olof Mellberg to become St.Louis boss

EmailPrintOpen Extended ReactionsFormer Aston Villa and Sweden defender Olof Mellberg has signed a m...

Arteta backs Saka amid Kane drop-outs comment

Arteta backs Saka amid Kane drop-outs comment

EmailPrintOpen Extended ReactionsMikel Arteta has hit back at anyone questioning Bukayo Saka's commi...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

NBA follows NFL in warning players on burglaries

NBA follows NFL in warning players on burglaries

EmailPrintThe NBA is urging its players to take additional precautions to secure their homes followi...

Sources: Zion (hamstring) not close to returning

Sources: Zion (hamstring) not close to returning

EmailPrintNew Orleans Pelicans star Zion Williamson has undergone multiple treatments on his left ha...

Baseball

Hays, Finnegan, Rodgers among new free agents

Hays, Finnegan, Rodgers among new free agents

EmailPrintOpen Extended ReactionsNEW YORK -- Outfielder Austin Hays and right-hander Kyle Finnegan -...

Judge giving Soto space amid free agency frenzy

Judge giving Soto space amid free agency frenzy

EmailPrintOpen Extended ReactionsNEW YORK -- Aaron Judge is one of the few people on Earth who can r...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated