The Las Vegas Stadium Authority meeting is underway, and two main points on the agenda that conern the Oakland A's are the revised non-relocation agreement, and the introduction of the development agreement. Mick Akers of the Las Vegas Review-Journal provided some insight from the meeting about how exactly the proposed ballpark will be funded--and it's insane.
But the real head-scratcher of the funding process here is that $850 million of this project is expected to be from equity financing. That means selling part of the team in order to finance the ballpark.most recent franchise value estimation was listed at $1.2 billion. That means that in order to secure the $850 million needed to build the ballpark, Fisher would need to sell 70.8% of the team. Of course, he could be going after a much higher valuation, like the $2-2.