April 13, 2024; Oakland, California, USA; A scene of empty seats in the course of the first inning of the sport between the Oakland Athletics and Washington Nationals on the Oakland-Alameda County Coliseum. Necessary Credit score: D. Ross Cameron-USA TODAY Sports activities The Oakland Athletics reached an settlement on Monday to promote 50% of their possession of the Oakland Coliseum to African American Sports activities and Leisure Group for $125 million.
AASEG, a Black-owned personal improvement group, beforehand reached an settlement in Could to buy the opposite 50% of the stadium from town of Oakland.
“As Oakland natives who grew up simply blocks from the Coliseum and long-time Oakland enterprise house owners, we’re grateful for the chance to imagine stewardship of the Coliseum web site,” AASEG founder Ray Bobbitt mentioned in an announcement.
The A’s deal nonetheless must be authorized by the Alameda County Board of Supervisors. At that time, AASEG could have full management of the sector and the Oakland Area, the previous dwelling of the Golden State Warriors.
AASEG, based in 2020 with the said objective of “making a path to enhanced financial fairness for the Black neighborhood,” plans to construct housing on the web site whereas holding Oakland Stadium open.
The sports activities groups will transfer out of Oakland on the finish of the 2024 season. The plan is to play a number of seasons in Sacramento earlier than a brand new stadium is prepared for them in Las Vegas, their ultimate vacation spot.
–Scene-level media
