The San Francisco Giants have sold a 10% stake in their franchise to Sixth Street Partners, marking a significant trend of private equity investments in sports teams. This sale mirrors similar strategies adopted by other Bay Area teams, including the Golden State Warriors and San Francisco 49ers. The funds from the sale will be allocated to stadium upgrades and related real estate projects. Sixth Street, which also invests in teams like the San Antonio Spurs and Bay FC, has capitalized on relaxed ownership rules in the MLB, which now permits substantial institutional investments without straining franchise operations.
Private equity firms have been increasingly investing in sports teams due to relaxed ownership rules, enabling franchises like the San Francisco Giants to sell significant stakes.
The investment from Sixth Street Partners will help the Giants pay for stadium upgrades and real estate developments, reflecting confidence in San Francisco's future.
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