A’s have signed a binding agreement to purchase land for a future ballpark in Las Vegas.

Sad Sam Jones

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Sorry, I missed the brilliance of your observation that 4 World Series championships are better than 0.
 

DeJesus Built My Hotrod

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Passan was on the Pardon My Take pod this week (before today's news) and his main point was that this franchise hasn't been able to get any kind of agreement with the City of Oakland over any sort of deal - short or long-term - so how can anyone reasonably expect the A's to pull off moving to a whole new place? This development is right in line with that view imo.

I'll believe the A's move when it actually happens. I work in Oakland and that City and the surrounding area would show up for a relevant A's team. My guess is that Manfred and the owners are going to have to make some unsavory choices sooner rather than later.
 

sean1562

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https://theathletic.com/5392522/2024/04/04/oakland-as-sacramento-ballpark-move/

In 2022, Vivek Ranadivé, the owner of the Sacramento Kings basketball team, bought the Triple-A Sacramento River Cats and their stadium for about $90 million. In a phone interview Thursday, Ranadivé sounded overjoyed: For at least the next three years, his stadium, the 14,000-capacity Sutter Health Park, will host a big-league team.

“Believe it or not, this is going to be the best ticket in Major League Baseball,” Ranadivé said. “Because it’s a small, intimate stadium. It’s like being in the lower bowl in a basketball game. And so imagine that, (Shohei) Ohtani is there and it’s a small, intimate stadium. So it’s going to be the most sought-after ticket in America."

Lol people are still going to have to watch the The Sacramento Athletics formerly of Oakland at these games. This is delusional.

Later on in the article Vivek says

“I came to my team, and I asked them, ‘Hey, guys, do you think that while they’re doing the move, we could actually have a Major League Baseball team here?’ And my team, no matter what I ask them, the answer is always, ‘Yes.’ And they said, ‘Yeah, we could do that.’

That is a bad thing, no?
 

8slim

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https://theathletic.com/5392522/2024/04/04/oakland-as-sacramento-ballpark-move/

In 2022, Vivek Ranadivé, the owner of the Sacramento Kings basketball team, bought the Triple-A Sacramento River Cats and their stadium for about $90 million. In a phone interview Thursday, Ranadivé sounded overjoyed: For at least the next three years, his stadium, the 14,000-capacity Sutter Health Park, will host a big-league team.

“Believe it or not, this is going to be the best ticket in Major League Baseball,” Ranadivé said. “Because it’s a small, intimate stadium. It’s like being in the lower bowl in a basketball game. And so imagine that, (Shohei) Ohtani is there and it’s a small, intimate stadium. So it’s going to be the most sought-after ticket in America."

Lol people are still going to have to watch the The Sacramento Athletics formerly of Oakland at these games. This is delusional.

Later on in the article Vivek says

“I came to my team, and I asked them, ‘Hey, guys, do you think that while they’re doing the move, we could actually have a Major League Baseball team here?’ And my team, no matter what I ask them, the answer is always, ‘Yes.’ And they said, ‘Yeah, we could do that.’

That is a bad thing, no?
I suspect they’ll draw very well in Sacramento. Who wouldn’t want to watch major league ball in a small venue like that?
 

Ale Xander

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They won't be scrimmaging themselves. Great chane to see MLB players from visiting teams closer than at the cavernous colluseum. I wonder how ticket prices will stack up vs what they are in Oakland.
Much higher (at least for secondary) when facing opposing teams with a following.
 

SLC Sox

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I assume the novelty of having an MLB team will drive up ticket sales, even with a very bad home team, and with limited capacity the prices could get quite high for regular families wanting to see a game.
 

Hoya81

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Rivercats used to draw about average 8k per game in the decade pre-Covid, but have struggled after the PCL resumed operations in 2021; averaging a little less than 5k a game. But the team has also finished 4th, 5th and 5th in their division in those years.
 

nattysez

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Woe unto the billionaire who bails this asshole out by buying a minority stake. Fisher apparently needs to sell part of the A's to finance the new stadium.

The A’s have hired Galatioto Sports Partners to attract an investor — or several — to put in that $500 million, in exchange for a share of ownership, according to people familiar with the matter not authorized to speak publicly about it.
***
Fisher has sought to sell a minority interest in the A’s for months.
https://www.latimes.com/sports/story/2024-04-29/athletics-investment-banker-las-vegas-stadium-financing
 

joe dokes

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John Marzano Olympic Hero

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It would not surprise me if Fisher completely sold out to the owner of the Kings and the A's relocate to Sacramento. Though if he just sold it to the guy from the Bay Area who wanted to buy the team from him, the A's would be rooted in Oakland for real, Fisher would already be counting his billions and not on some Quixotic journey to build a stadium in a city where they don't want his team.

It's really sad when a majority of the world can see a square hole but the one guy controlling the hammer and the round peg can't.
 

nattysez

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Anyone who thinks he *has* to get a partner is delusional. People like Fisher get especially rich by spending other people's money. It's the financial version of Cris Carter's "fall guy."
Very good point.

It would not surprise me if Fisher completely sold out to the owner of the Kings and the A's relocate to Sacramento. Though if he just sold it to the guy from the Bay Area who wanted to buy the team from him, the A's would be rooted in Oakland for real, Fisher would already be counting his billions and not on some Quixotic journey to build a stadium in a city where they don't want his team.

It's really sad when a majority of the world can see a square hole but the one guy controlling the hammer and the round peg can't.
Assuming that Fisher's end goal is to get the team positioned so it's as valuable as possible for a sale, I think he has to either make Vegas happen or start talking to Salt Lake City or Nashville again. The Sacramento A's, who'd have to build their own MLB stadium, would probably be less valuable than the A's are now. I'd say I can't believe MLB is letting this happen, but I totally believe it.
 

YTF

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According to Forbes, the franchise is worth $1.18 billion. The cost of the stadium is estimated to be $1.5 billion. There are a lot of reasons that Fisher is a shitty owner, the fact that he would have to sell 40-45% of the 2nd lowest valued franchise to help finance this just adds to it.
 

John Marzano Olympic Hero

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Assuming that Fisher's end goal is to get the team positioned so it's as valuable as possible for a sale, I think he has to either make Vegas happen or start talking to Salt Lake City or Nashville again. The Sacramento A's, who'd have to build their own MLB stadium, would probably be less valuable than the A's are now. I'd say I can't believe MLB is letting this happen, but I totally believe it.
I'm pretty sure that MLB has a clause in the agreement to move to LV that Fisher can't sell the club until after five years without paying a steep penalty.

So assuming that the stadium is ready in 2028, Fisher can't even sell until 2033 at the earliest.
 

dynomite

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I'm pretty sure that MLB has a clause in the agreement to move to LV that Fisher can't sell the club until after five years without paying a steep penalty.

So assuming that the stadium is ready in 2028, Fisher can't even sell until 2033 at the earliest.
What a mess. And I remember this FanGraphs piece from last year that summarized the situation fairly well:

"The impulse to protect the other 29 owners’ financial interests from one team’s bad decisions is the closest we get to the league looking out for the best interests of the sport. Under a different set of financial conditions — conditions that existed as recently as 10 or 15 years ago — the A’s might have wobbled toward the brink of insolvency. If that were the case now, I have no doubt Manfred would intervene and force a sale.

But with each team taking in a share of national TV revenue and licensing deals, with labor costs suppressed by the luxury tax, the lack of a salary floor, and the underpayment of rank-and-file front office workers, it might be genuinely impossible to run a baseball team out of business anymore. Sure, the richer owners might grouse privately about writing checks to a team that’s making the whole lot of them look bad, but that’s a long way from voting a member out of the club.

If Fisher wants to sabotage the sport’s reputation in his city, play three-card monte with taxpayers and legislators in two states, shoo away potential fans, and let his ballpark fall into disrepair, that seems to be his prerogative. There’s nothing the fans, the players, even the government can do to prevent Fisher from continuing to destroy this team, and collect the profits from doing so. As long as the A’s don’t flirt with bankruptcy, the only body with the power to force Fisher out — the owners — has no incentive to make a change."