View of the Oakland Alameda County Coliseum Complex which half the property is owned by John Fisher and the Oakland A’s and the other 50% is owned by Alameda County (KGO ABC 7/ Sky7 file photo)

By Mauricio Segura

In a dramatic turn of events of the continuing soap opera that has become Oakland Athletics baseball, the team has confirmed their commitment to pay the remaining $45 million owed to Alameda County for their 50% stake in the Coliseum site.

The decision comes after a recent notice from the county, demanding payment by May 14, 2024, triggered by the MLB owners’ unanimous vote on November 16, 2023, approving the A’s relocation to Las Vegas.

The A’s, represented by Coliseum Way Partners LLC, acknowledged the accelerated timeline, with chief legal officer D’Lonra C. Ellis stating in a letter to Nate Miley, president of the Alameda County Board of Supervisors, that they would adhere to the terms of the 2019 purchase agreement.

The initial deal, valued at $85 million, allowed for payments in installments until 2026. However, a clause was activated, requiring the A’s to settle the remaining balance within 180 days of announcing their departure from Oakland.

This resolution brings a temporary conclusion to a messy saga surrounding the prominent Bay Area property. The other half of the 155-acre Coliseum site is owned by the City of Oakland, currently engaged in negotiations with the African American Sports and Entertainment Group for a proposed $115 million sale. The group aims to transform the area into a bustling commercial hub with live sports, hotels, and nightlife, though early hurdles have been encountered.

The A’s, secretive about their plans for the Coliseum property, acquired their stake in 2019, initially positioning it as a backup option for a new stadium. However, the narrative quickly shifted, with the team deeming the Coliseum unsuitable for Major League Baseball shortly after the purchase.

As the A’s prepare for their move to Las Vegas in 2028, questions linger about their temporary home for the seasons between 2025 and 2027. Various options, including playing in Reno, extending the Coliseum lease, using the A’s Triple-A home in Las Vegas, or sharing Oracle Park with the San Francisco Giants, have been discussed. Notably, MLB owners unanimously approved the relocation without the A’s disclosing their interim plans.

Intriguingly, the A’s owner, John Fisher, recently made a substantial stock sale, raising $32 million, which aligns with the timing of the Coliseum payment. Speculation suggests this may be a strategic move to demonstrate good faith and potentially secure a lease extension, allowing the city to redevelop the Coliseum without Fisher’s direct involvement. This theory gains traction as tensions between the A’s, Oakland, and MLB remain palpable, and Fisher seeks to secure RSN payments ranging from $180-210 million.

While the Coliseum property dispute is settling, broader uncertainties persist, including ongoing litigation challenging the property sale and the unresolved matter of the A’s interim playing location. As the baseball landscape undergoes significant changes, the A’s journey from the Coliseum to Las Vegas is marked by financial intricacies, legal battles, and a strategic dance with the future of the franchise.

Mauricio Segura has been a Bay Area sportswriter & photographer for the past 20 years, covering baseball, soccer, football, and basketball. He’s contributed articles for Area Chica Magazine, The Baseball Analyst Quarterly, and various newspapers. He currently publishes an online sports and entertainment website called Golden Bay Times and is the graphics and art Director for the Hispanic Heritage Baseball Museum Hall of Fame.