Rendering of the Sydney style Opera House ballpark that would take up nine acres at the old Tropicana Hotel and Casino location at Tropicana and Las Vegas Blvd. Construction is scheduled to start in April 2025 (Renderings from the Oakland A’s)

On the Oakland A’s Relocation podcast with Daniel:

#1 The Oakland A’s have hired Los Angeles investor Galatioto Sports Partners to help look for one or more private investors. The investors are trying to help raise $500 million of A’s owner John Fisher’s share of he construction costs for the Las Vegas ballpark.

#2 Daniel, the plan is to have the ballpark sit on nine acres of the 35 acres at the Tropicana. Fisher needs to come up with $500 million of $1.5 billion for his share of he costs and the A’s are counting on Galatioto Sports Partners to find enough investors to make those payments. If that happens 42% of the team’s ownership costs will be financially bought up closing in on half of he value of the team.

#3 Galatioto Sports Partners has helped over 100 sports financing deals and that includes the sale of the Los Angeles Angels owner Arte Moreno in 2004 who bought the team from Walt Disney Co., Broadcom co-founder Henry Samueli and his wife who own the Anaheim Mighty Ducks in 2005 also had help from the partnership. While their reputation is solid some minority partners might come in saying they’ll invest only if they have say in running the club. That might not be acceptable for Fisher under those circumstances.

#4 The Tropicana Hotel and Casino who closed for business in March is set for demolishment in April 2025. Fisher wants to make certain that the $500 million of the $1.5 billion towards stadium construction costs will be paid by investors who could very well own up to 42% of the club.

#5 Written into the agreement is Flip Tax that would require Fisher to pay 20% tax on the full price of the team in the event Fisher decides to sell the club before 2028.

Daniel Dullum does the Oakland A’s Relocation podcasts Fridays at http://www.sportsradioservice.com