City of Oakland Sells Off Its Stake in Oakland Coliseum for a Reported $105 Million
Briefly

from sfist.com8 months ago
The City of Oakland has turned the Coliseum's impending irrelevance into a win by announcing the sale of their 50% share to the African American Sports & Entertainment Group for a minimum of $105 million, potentially even more.
sfist.comhttps://sfist.com/2024/05/22/city-of-oakland-sells-off-its-stake-in-oakland-coliseum-for-a-reported-105-million/
Despite the Oakland A's owning the other 50%, the sale helps ease the city's $177 million deficit, with plans to close fire stations and reduce staff.
sfist.comhttps://sfist.com/2024/05/22/city-of-oakland-sells-off-its-stake-in-oakland-coliseum-for-a-reported-105-million/
Read at sfist.com
#oakland-coliseum #city-of-oakland #african-american-sports--entertainment-group #financial-deal #ownership-transition
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