In an effort to secure financing for their new Las Vegas ballpark, the Oakland A’s have partnered with Galatioto Sports Partners. Through this partnership, the team hopes to attract an investor or group of investors to provide the necessary funding. In return for their assistance in securing funding, Galatioto Sports Partners will receive a share of ownership in the team. The goal of this partnership is to raise $500 million towards the construction of the new ballpark, which has already been approved for $380 million in public funding by Nevada legislators.
The A’s are responsible for covering the remaining balance of the cost of the project, which is estimated to be around $1.5 billion. In order to access the public money, they must present a financing plan that outlines how they will cover the remaining costs. Fisher has been actively seeking investors to purchase a minority interest in the team as part of this financing strategy.
Galatioto Sports Partners brings extensive experience and expertise in sports finance and investment to this partnership. They have worked with numerous professional sports teams and leagues in helping them secure funding and grow their businesses. This partnership is expected to provide significant benefits for both parties, as it will help bring a new ballpark to Las Vegas and provide opportunities for investment growth in the sports industry.
