Billionaire Oakland A\u2019s owner John Fisher is looking to cash in on the team\u2019s move to Las Vegas by selling off a minority stake that values the franchise at $2 billion \u2014 a whopping 66% increase from its most recent valuation, The Post has learned.<\/p>\n
Fisher \u2014 an heir to The Gap clothing empire co-founded by his parents, Donald and Doris Fisher \u2014 plans to start shopping a 25% chunk of the team with a price tag of $500 million in the coming days, two sources close to the situation told The Post.<\/p>\n
Oakland A\u2019s Owner John Fisher may be getting the last laugh. Getty Images for Bally’s Corporation and the Athletic<\/p>\n
Before the start of the 2024 season, the small-market team was worth only $1.2 billion<\/a>, according to an assessment of team valuations conducted by Forbes. Only the Florida Marlins had a lower valuation at $1 billion.<\/p>\n However, Fisher expects a revenue boom when the A\u2019s move into a new, taxpayer-subsidized ballpark on the Las Vegas Strip. <\/p>\n \u201cHe\u2019ll say the 45 million Vegas tourists a year are looking for attractions and many will want three hours of baseball entertainment,\u201d Mark Rosenberg, a professor of Sports Management at the University of Michigan, told The Post.<\/p>\n The A\u2019s also got the nine-acre plot to build their 33,000-seat domed stadium on the former site of the Tropicana Hotel for free in a development deal with Bally\u2019s. <\/p>\n The casino giant imploded the famed home to Vegas acts like the Rat Pack and Siegried & Roy earlier this month. The land is valued at around $200 million.<\/p>\n It will take about three years to build<\/a> to the stadium.<\/p>\n Fisher believes the value of the A\u2019s rose 66 percent by moving to Vegas.<\/p>\n Fisher, whose net worth is estimated at $3.1 billion by Forbes, will chip in just $850 million toward the $1.5 billion construction tab, with Nevada lawmakers reportedly agreeing to pay $350 million. The team is expected to borrow an additional $300 million.<\/p>\n