John Fisher, owner of the Oakland Athletics, is taking crucial steps to finance a new stadium in Las Vegas, indicating a major shift in the team's future. As part of this plan, he is looking to sell his other sports franchise to secure the necessary funds. Fisher has engaged Moelis & Company, a prominent investment bank, to manage the sale process, highlighting his commitment to establishing the Athletics' presence in Las Vegas.
This strategic move not only aims to bolster the financing needed for the stadium but also reflects the growing trend of team owners diversifying their investments in sporting franchises. Fisher’s actions may have significant implications for both the Athletics and the broader sports landscape.