The Oakland Athletics' stadium in Las Vegas will cost an estimated $1.5 billion to build, and the franchise is apparently trying to secure about one-third of that funding from another firm. The organization has reportedly hired Galatioto Sports Partners, an investment firm that specializes in sports financing, to help raise $500 million for the stadium.
Under the reported deal, investors of the firm would then hold minority stakes in the franchise, according to the LA Times. According to the firm's site, it has helped negotiate deals with other MLB, NFL and NBA teams The A's will play in Sacramento at the home of the San Francisco Giants' Triple-A affiliate, from 2025 to 2027. Their lease with the Oakland Coliseum expires after the 2024 season.
The stadium would be built on nine acres of the 35-acre site owned by Bally's at the corner of Tropicana Avenue and Las Vegas Boulevard. The Tropicana resort that sits at that location will be demolished to make room for the stadium and a hotel. There also are plans for 2,500 parking spots at the new stadium, though fans will have nearby garages they can use. Garages are used for parking at T-Mobile Arena, which is down the street on Tropicana Avenue. The move hasn't gone swimmingly.