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Home»Sports
Sports

Report: A’s enlist investment firm to secure extra $500M for Vegas stadium

May 1, 2024No Comments3 Mins Read
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The Oakland Athletics are planning to build a new stadium in Las Vegas, with an estimated cost of $1.5 billion. The franchise is seeking to secure $500 million in funding from an investment firm, Galatioto Sports Partners. Taxpayers in Nevada will be responsible for about $380 million of the stadium’s cost, with the stadium expected to open in 2028, a year later than originally hoped. Investors from the firm would hold minority stakes in the franchise as part of the deal.

In the meantime, the A’s will play in Sacramento at the home of the San Francisco Giants’ Triple-A affiliate from 2025 to 2027, as their lease with the Oakland Coliseum expires after the 2024 season. The new stadium in Las Vegas is expected to seat 33,000 fans and include an 18,000-square-foot video board, the largest in Major League Baseball. The stadium will be built on nine acres of a 35-acre site owned by Bally’s, with plans for 2,500 parking spots and nearby garages for fans to use.

The decision to move the team to Las Vegas has not been without controversy, with some questioning the choice of location for the new stadium. Vegas Mayor Carolyn Goodman has expressed doubts about the team’s plans and suggested they should find a way to stay in Oakland instead. Despite the challenges, the A’s are looking forward to their final season in the Bay Area, currently with a record of 13-17, an improvement from last year’s 6-24 record through 30 games.

In a notable game against the Blue Jays in Toronto, Shohei Ohtani, of the Los Angeles Angels, was booed by fans following a plane fiasco during his first trip to the city. However, Ohtani responded by hitting a home run, showing his talent and resilience on the field. The A’s are following through with their plans to build the new stadium in Las Vegas, with hopes for a successful future in their new home.

The A’s stadium in Las Vegas is expected to bring in significant revenue for the franchise and provide an enhanced experience for fans with its modern amenities. The team’s partnership with Galatioto Sports Partners will help secure the necessary funding for the project, ensuring the stadium’s completion by 2028. Despite the challenges and controversy surrounding the move, the A’s are optimistic about their future in Las Vegas and are committed to building a successful stadium and team in their new city.

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