Key deadlines in 2026 may bring complicated Oakland Coliseum sale to a head

"OAKLAND The future of the Oakland Coliseum has hung in the balance for years, but 2026 could prove especially pivotal for one of the East Bay's most notable pieces of real estate. Key deadlines loom over an Oakland-based development coalition, the African American Sports and Entertainment Group, which is seeking to buy the entire 112-acre property in what was previously announced as a combined $250 million purchase."

"The group, a coalition with mostly Black officials that includes local stakeholders, a big-name sports agent and a large investment firm, has been publicly scrutinized for its ambitious pitch to transform the complex into a new hub of nightlife, housing, live sports, restaurants and retail in East Oakland. The next six months may reveal if the group can deliver on that promise."

"Through an entity called the Oakland Acquisition Company, the group and its financial backer, investment fund Loop Capital, was expected to pay $125 million to the Athletics baseball franchise by the end of January. But officials on both sides of the deal declined to confirm Tuesday whether that agreed-upon date remains in place, or if it may be extended to June 30, 2026, the deadline for the group to pay another $125 million to the city of Oakland."

An Oakland-based coalition, the African American Sports and Entertainment Group, seeks to buy the entire 112-acre Coliseum site in a combined $250 million purchase. The coalition includes mostly Black officials, local stakeholders, a high-profile sports agent and investment fund Loop Capital as a financial backer. The group proposes to transform the complex into a hub of nightlife, housing, live sports, restaurants and retail in East Oakland. Key payment deadlines include $125 million expected to the Athletics by the end of January and a possible June 30, 2026 date to pay another $125 million to the city.

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