A's hire investment firm to secure additional $500M for Vegas stadium: report

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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.

Taxpayers in Nevada are responsible for about $380 million for the stadium, which is expected to open by 2028, a year later than what the A's originally had hoped.

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The Oakland Athletics and their design teams released renderings March 5, 2024, of the club's planned $1.5 billion stadium in Las Vegas that show five overlapping layers with a similar look to the famous Sydney Opera House. (Negativ via AP)

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 is expected to seat 33,000 fans and come with an 18,000-square-foot video board, which would be the largest in Major League Baseball.

Fans of the Oakland Athletics in the right-field bleachers during a game against the San Francisco Giants at RingCentral Coliseum Aug. 5, 2023, in Oakland, Calif. (Michael Zagaris/Oakland Athletics/Getty Images)

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