The San Francisco Giants have sold a 10 percent stake to the private equity firm Sixth Street to finance upgrades to their aging stadium and related real estate developments. Approved by Major League Baseball, the deal reflects a growing trend of private equity investment in sports as teams seek new revenue streams. With the Giants valued at $3.8 billion, interest from private equity is rising, especially given the continued popularity of live sports. Many MLB teams now engage with private investors in light of this trend.
The San Francisco Giants have sold about 10 percent of the team to private equity group Sixth Street, aiming to fund stadium upgrades and adjacent real estate development.
Private equity investments in sports are booming, with MLB teams increasingly inviting major funds to invest, as live sports continue to draw large audiences.
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