Sacramento A’s Relocation podcast with Daniel Dullum: Did AASEG really miss a Coliseum payment? and City Council is asking “where’s the money”

Oakland Mayor Sheng Thao announces an exclusive negotiating agreement to develop the Oakland Coliseum complex in Feb 2, 2023. Fast forward to Oct 2024 Oakland City Council Jannai Ramachandran is asking where are the AASEG payments are for the purchase of the Oakland Coliseum. Lea Suzuki / The Chronicle file photo

On the Sacramento A’s Relocation podcast with Daniel Dullum:

#1 Oakland Mayor Sheng Thao this past week said that the missed payment on the Oakland Coliseum property payment by the African American Sports Entertainment Group would not trigger and budget contingencies.

#2 Oakland City Council member Jannai Ramachandran in a statement said the City has not received the $15 million payment for September from AASEG.

#3 Oakland and AASEG came to an agreement to sell the AASEG 50% of the Coliseum property meanwhile the Oakalnd A’s sold 50% of their half of the property. The cost to AASEG was $105 million for each of the 50% purchases.

#4 Ramachandran said that the people of Oakland need to know “where this money is and the impact on public safety.”

#5 Mayor Thao’s office said the money is track. Ray Bobbitt AASEG founder said that they have met all payments. The group has said it paid $15 million in September and is scheduled to make a $10 million payment in early October.

Daniel Dullum does the Sacramento A’s relocation podcasts each Sunday at http://www.sportsradioservice.com

Leave a comment