A’s owner John Fisher has expressed no interest in selling his share of the Coliseum, despite the team’s planned move to Las Vegas.
Black-led, local development group
AASEG believes their acquisition of the property would “deliver essential advantages to the East Oakland community and aid in the overall economic recovery of the region, especially after the A’s relocation to Las Vegas,” the group’s founder, Oakland native Ray Bobbitt, said in the letter. Among the partners involved in the AASEG consortium are a flagship group of Oakland-based decision-makers led by Bobbitt; a land development team also managed by Bobbitt and another local resident, Alan Dones; a Black-owned investment firm, Loop Capital, which manages funds worth billions of dollars; and prominent sports agent Bill Duffy.
Despite all this, wealthy A’s owner John Fisher has given no indication that he’d be amenable to a buyout of his share of the property, even as he appears set on a Vegas relocation. If the franchise refuses AASEG’s offer outright, it could pose a major hiccup to the group’s redevelopment plans, the first milestone of which is to work out some kind of resolution with the A’s so the Coliseum’s land title could be cleared.
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