{"id":1309,"date":"2024-10-23T19:44:05","date_gmt":"2024-10-23T19:44:05","guid":{"rendered":"http:\/\/buckinghamshire-removals.co.uk\/?p=1309"},"modified":"2024-11-14T14:56:25","modified_gmt":"2024-11-14T14:56:25","slug":"oakland-as-mulling-stake-sale-at-2b-valuation","status":"publish","type":"post","link":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/2024\/10\/23\/oakland-as-mulling-stake-sale-at-2b-valuation\/","title":{"rendered":"Oakland A\u2019s Mulling Stake Sale at $2B Valuation"},"content":{"rendered":"

Ahead of the team\u2019s move to Las Vegas, the soon-to-be former Oakland Athletics (A\u2019s) are rumored to be considering the sale of a minority interest in the franchise.<\/p>\n

\"Oakland
The exterior of the Oakland Coliseum. Athletics owner John Fisher is reportedly considering selling 25% of the team before its move to Las Vegas. (Image: Complex)<\/figcaption><\/figure>\n

Unidentified sources familiar with the matter told The New York Post <\/em>that owner John Fisher is looking to sell as much as 25% of the team for $500 million, implying the Major League Baseball (MLB) club is worth $2 billion. That\u2019s significantly higher than the $1.2 billion Forbes <\/em>said the team was worth before the start of the current season. At $1 billion, only the Miami Marlins were worth less than the A\u2019s.<\/p>\n

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The rumor surfaced a week after the team and Bally\u2019s released renderings for a stadium<\/a> and casino hotel project at the site formerly occupied by the Tropicana on the Las Vegas Strip. The $1.5 billion ballpark will occupy nine of the property\u2019s 35 acres and construction is slated to start in the second quarter of 2025.<\/p>\n<\/div>\n

The A\u2019s will play in Sacramento for the 2025 through 2027 seasons, with 2028 expected to be the club\u2019s first in Las Vegas.<\/p>\n

A\u2019s Stake Sale Prices in Vegas Move<\/h2>\n

If the speculation that Fisher is trying to sell a 25% interest in the A\u2019s at a $2 billion valuation proves accurate, he\u2019s attempting to leverage the team\u2019s move to Las Vegas. Essentially, he\u2019s hoping potential investors will agree that the team\u2019s value will increase upon moving to Sin City.<\/p>\n

\n

There is some precedent for the Oakland-to-Las Vegas move being a value creator for professional teams. In 2019 — the NFL team\u2019s last in Oakland — the Raiders were valued at $2.9 billion, good for the 12th<\/sup> spot among the league\u2019s 32 teams. That valuation has since surged to $6.7 billion, placing the Raiders sixth in the NFL. Last year, the Raiders generated $780 million in revenue, the third-highest tally in the league.<\/p>\n<\/div>\n

Raiders owner Mark Davis has capitalized on the team\u2019s soaring value, recently selling a 5% stake to legendary quarterback Tom Brady at an estimated price tag<\/a> of $335 million.<\/p>\n

As The Post<\/em> reported, potential sales of the Chicago White Sox and the Minnesota Twins — both of which could command up to $2 billion — could affect Fisher\u2019s efforts to monetize a portion of the A\u2019s.<\/p>\n

$500M an Interesting Figure<\/h2>\n

It\u2019s not yet clear if the following factors are related, but the dots are easy to connect. Fisher is reportedly attempting to sell up to $500 million worth of his baseball team, and that is the amount the club needs to finalize its $1.1 billion Las Vegas stadium<\/a> financing obligation.<\/p>\n

Gaming and Leisure Properties, which owns the property<\/a> on which the stadium will reside, has committed to providing some financing for the project.<\/strong><\/p>\n

From where Bally\u2019s will obtain capital to build a new integrated resort next to the stadium isn\u2019t yet clear. The regional casino operator is focusing on completing its permanent Chicago venue, but has been consistent in its messaging regarding a desire to maintain a long-term presence in Las Vegas.<\/p>\n

The post Oakland A\u2019s Mulling Stake Sale at $2B Valuation<\/a> appeared first on Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ahead of the team\u2019s move to Las Vegas, the soon-to-be former Oakland Athletics (A\u2019s) are rumored to be considering the sale of a minority interest in the franchise. The exterior of the Oakland Coliseum. Athletics owner John Fisher is reportedly considering selling 25% of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1309"}],"collection":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1309"}],"version-history":[{"count":1,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1309\/revisions"}],"predecessor-version":[{"id":1310,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1309\/revisions\/1310"}],"wp:attachment":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1309"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}