The closing date for the sale of the Oakland Coliseum has been postponed by a year, following a vote by Oakland leaders. This delay is attributed to the ongoing negotiations between Alameda County officials and the African American Sports and Entertainment Group (AASEG), who are still working on the sale of their portion of the site. Originally, the deal was planned to finalize by May 30, but the exact reasons behind the stalled negotiations remain unclear.
According to the San Francisco Chronicle, Oakland leaders voted Monday to delay the closing date for their portion of the site to early next year.
It came at the request of Alameda County officials who are still negotiating the sale of their portion with the African American Sports and Entertainment Group, or AASEG.
The city's deal had been set to close May 30.
It's not clear what's holding up the county's negotiations with AASEG.
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