The San Francisco Giants have sold a 10% stake in their franchise to private equity firm Sixth Street, aiming to enhance their operations both on the field and within the community. Although specific financial terms remain undisclosed, the partnership is expected to contribute towards improvements to Oracle Park, the surrounding Mission Rock development, and the team's Spring Training facilities. Team president Larry Baer clarified that the funds would not be allocated for player payroll, but instead focus on infrastructure and community commitments to secure the franchise's future.
The Giants sold a 10% ownership stake to Sixth Street, aiming to improve their franchise, Oracle Park, and the community around it.
Baer emphasized that the deal isn't intended for player payroll increases but to invest in infrastructure and community developments.
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