Oakland Athletics to Las Vegas

[homer]

LOL

[homer]

 

[Jopal78]

19 minutes ago, homer said:

 

They’re never going to get to Vegas. I do not think the money will even out and they’re already sticking millions of their own money into upgrading a “temporary” home field in Sacramento. (luxury boxes, premium bars, club houses). If no tax payers will agree to build them a stadium or pay for most of one; it seems most likely they’ll simply stay in Sacramento and continue to upgrade the stadium piecemeal. 

[owbc]

4 minutes ago, Jopal78 said:

They’re never going to get to Vegas. I do not think the money will even out and they’re already sticking millions of their own money into upgrading a “temporary” home field in Sacramento. (luxury boxes, premium bars, club houses). If no tax payers will agree to build them a stadium or pay for most of one; it seems most likely they’ll simply stay in Sacramento and continue to upgrade the stadium piecemeal. 

I agree that Vegas isn’t gonna happen but they will find a sucker to fork over public money for a stadium. My bet is on Salt Lake City.

Meanwhile, the Rays’ situation is now a disaster, with them basically having to play three straight months on the road this summer and no stadium until 2029 at the earliest. I wouldn’t be surprised to see them land in Nashville 

[nate82]

2 minutes ago, Jopal78 said:

If no tax payers will agree to build them a stadium or pay for most of one; it seems most likely they’ll simply stay in Sacramento and continue to upgrade the stadium piecemeal. 

No MLB won’t let them stay in Sacramento as it is not a MLB quality stadium.  The A’s are going to Vegas.  Manfred has already stated they are 100% going to Vegas.  The only other option is to return to Oakland even though MLB has marked that stadium as not up to MLB standards.  MLB had pushed for the A’s to leave Oakland because of an inadequate stadium, why would they allow them to stay in Sacramento with a AAA stadium?  Either Sacramento would need to fund a new stadium or the A’s would have to build a stadium in Sacramento.  I don’t see either happening.  If the A’s are not able to move to Vegas they will be moved to another city or there will be removed from MLB as a franchise.

[Jopal78]

10 hours ago, nate82 said:

No MLB won’t let them stay in Sacramento as it is not a MLB quality stadium.  The A’s are going to Vegas.  Manfred has already stated they are 100% going to Vegas.  The only other option is to return to Oakland even though MLB has marked that stadium as not up to MLB standards.  MLB had pushed for the A’s to leave Oakland because of an inadequate stadium, why would they allow them to stay in Sacramento with a AAA stadium?  Either Sacramento would need to fund a new stadium or the A’s would have to build a stadium in Sacramento.  I don’t see either happening.  If the A’s are not able to move to Vegas they will be moved to another city or there will be removed from MLB as a franchise.

Do you make this stuff up? MLB didn’t push them out of Oakland, the A’s sought to relocate after reaching an impasse over who was going to pay for a new stadium in Oakland. They seemingly have the same issue already in Las Vegas over who is going to pay for what percentage of their new stadium, which is why ground has not yet been broken.
 

Third, even assuming MLB would want to contract a team and charter member of the AL; major league baseball clubs are worth close to a billion dollars or more. Where would MLB come up with a billion dollars in cash to pay off Fisher if they were going to dissolve his team? Or do you think he and his lawyers walk away from a billion dollars?

[nate82]

5 minutes ago, Jopal78 said:

Do you make this stuff up? MLB didn’t push them out of Oakland, the A’s sought to relocate after reaching an impasse over who was going to pay for a new stadium in Oakland. They seemingly have the same issue already in Las Vegas over who is going to pay for their new stadium. Third, even assuming MLB would want to contract a team.  major league baseball clubs are worth close to a billion dollars or more. Where would MLB come up with a billion dollars in cash to pay off Fisher if they were going to dissolve his team? Or do you think he and his lawyers walk away from a billion dollars?

They don't have a problem with Las Vegas?  Where are you getting this information from? 

Evidence that the A's and 2 banks are planning to commit a lot of money to the new stadium in Las Vegas:

Quote

U.S. Bank and Goldman Sachs jointly filed another letter that commits an additional $300 million to construction. Fisher’s and the banks’ contributions add up to $1.4 billion, with another $350 million or so in public money expected to account for the rest of the $1.75 billion. The exact public contribution will be dependent on a few factors, including estimates of taxes the new stadium will produce, but is not to exceed $380 million.

https://www.nytimes.com/athletic/5965207/2024/12/03/las-vegas-athletics-stadium-costs-rise/

Again where are you getting that the Las Vegas stadium for the A's is in any danger of it getting paid for?  Did you just make that up?

 

MLB has been pushing both the A's and the Rays to get new stadium deals done for awhile now.  How do you not know this?  These are only a sample of about 100+ articles talking about MLB pushing for a new stadium. 

Quote

There’s not an option to build at the Coliseum site,” Kaval said. “It’s not a site that’s viable for 21st century baseball. We’ve been saying that for a long time, but the commissioner [Rob Manfred] has also said that. I think it’s important for people to understand that if it’s in Oakland it’s either Howard or bust.

https://sports.yahoo.com/mlb-tells-oakland-seek-relocation-214404413.html

 

Quote

 

‘MLB is concerned with the rate of progress on the A’s new ballpark effort with local officials and other stakeholders in Oakland,’

‘The future success of the A’s depends on a new ballpark,’ Fisher said. ‘Oakland is a great baseball town, and we will continue to pursue our waterfront ballpark project. We will also follow MLB’s direction to explore other markets.’

 

https://www.sportspro.com/news/mlb-oakland-athletics-relocate-coliseum-las-vegas/

 

Quote

 

Major League Baseball has instructed the Athletics to explore relocation options as the team tries to secure a new waterfront ballpark in Oakland.

MLB released a statement Tuesday expressing its longtime determination that the current Coliseum site is “not a viable option for the future vision of baseball.”

“MLB is concerned with the rate of progress on the A’s new ballpark effort with local officials and other stakeholders in Oakland,” MLB said. “The A’s have worked very hard to advance a new ballpark in downtown Oakland for the last four years, investing significant resources while facing multiple roadblocks. We know they remain deeply committed to succeeding in Oakland, and with two other sports franchises recently leaving the community, their commitment to Oakland is now more important than ever.”

 

https://www.kqed.org/news/11873231/mlb-tells-oakland-athletics-to-explore-relocation-if-no-new-ballpark

[Jopal78]

8 hours ago, nate82 said:

They don't have a problem with Las Vegas?  Where are you getting this information from? 

Evidence that the A's and 2 banks are planning to commit a lot of money to the new stadium in Las Vegas:

https://www.nytimes.com/athletic/5965207/2024/12/03/las-vegas-athletics-stadium-costs-rise/

Again where are you getting that the Las Vegas stadium for the A's is in any danger of it getting paid for?  Did you just make that up?

 

MLB has been pushing both the A's and the Rays to get new stadium deals done for awhile now.  How do you not know this?  These are only a sample of about 100+ articles talking about MLB pushing for a new stadium. 

https://sports.yahoo.com/mlb-tells-oakland-seek-relocation-214404413.html

 

https://www.sportspro.com/news/mlb-oakland-athletics-relocate-coliseum-las-vegas/

 

https://www.kqed.org/news/11873231/mlb-tells-oakland-athletics-to-explore-relocation-if-no-new-ballpark

First of all, MLB as an entity wants all teams to have state of the art stadiums (even in Milwaukee) , that’s certainly not “pushing them to leave”. 

The approved public funding for their stadium in Las Vegas is 380 some million dollars. While Fisher has committed to pay the rest, there is some question if he and his family “are good for it”. Even in the articles you cited it notes Fisher is seeking to have his club valued at 2 billion dollars, then sell a minority stake for $500 million to get his share of the money together. That’s a lot of leg work to do with no guarantees, and why ground hasn’t broken yet and the clock already ticking on opening day 2028.

 

 

[nate82]

2 hours ago, Jopal78 said:

First of all, MLB as an entity wants all teams to have state of the art stadiums (even in Milwaukee) , that’s certainly not “pushing them to leave”. 

They did push them to leave after the preferred location by MLB was declined by the city.  Once that was off the table MLB informed the A's to start looking at other cities as options. 

 

2 hours ago, Jopal78 said:

The approved public funding for their stadium in Las Vegas is 380 some million dollars. While Fisher has committed to pay the rest, there is some question if he and his family “are good for it”. Even in the articles you cited it notes Fisher is seeking to have his club valued at 2 billion dollars, then sell a minority stake for $500 million to get his share of the money together. That’s a lot of leg work to do with no guarantees, and why ground hasn’t broken yet and the clock already ticking on opening day 2028.

There is very little concern and especially since US Bank is saying they are good and I am going to go with the ultra fiscally conservative bank over your opinion on this.  There is a joke in the financial industry about US Bank if you want a guaranteed low risk investment just look at what US Bank is investing in and if you want extreme high risk a crackhead wouldn't even consider just look at what Wells Fargo is doing.

[JosephC]

I would also guess this stadium does not happen under the current situation.  In addition to the 380 million dollars they are getting from the state, they are also getting tax breaks worth an estimated 220 million.  So they are getting roughly 1/3 of the money from the public, meaning Fisher's bill comes out to 1.15 billion (the 1.15 billion does include projected interest on the loans).  Fisher's net worth is estimated at 3.2 billion by Forbes, it doesn't seem very likely that he would be willing to pick up 66% of the price-tag.  If Fisher was willing to add a partner and spend 1+ billion right from the start, it seems like they would have already broken ground in Oakland, Las Vegas or somewhere else.  It's not like he just started working on this stadium thing 9 months ago.

And I still can't figure out why anyone in Las Vegas would like this idea, even if they were a true baseball fanatic.  You have a cheap owner who wants to build the smallest stadium in the smallest television market and you really think this is going to be a competitive team long-term?  

[wibadgers23]

https://www.espn.com/mlb/story/_/id/42802400/a-clear-last-major-hurdles-175-billion-las-vegas-stadium

[Austin Tatious]

Las Vegas is growing but I wonder if it’s still early for them.   I’d think Carolina pitched as like a regional team would be the top of the list and then maybe Nashville.