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Oakland A's sell 50% stake in Coliseum complex to AASEG for $125m, enabling $5bn redevelopment project.
Oakland A's baseball team will sell its 50% stake in the Coliseum complex for $125m to the African American Sports & Entertainment Group (AASEG), who also purchased Oakland's half share for $105m.
The deal marks a significant milestone as a local Black-led group takes ownership of the historic site, planning to develop it into a $5bn project with housing, a convention centre, and museums.
The A's are moving to a new stadium in Las Vegas, and the sale will help AASEG redevelop the stadium.
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Oakland A's vende 50% de participación en el complejo Coliseum a AASEG por $125 millones, lo que permite un proyecto de redesarrollo de $5 mil millones.