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2h ago

John Fisher Launches Sale of San Jose Earthquakes

Moelis & Co. is overseeing the sale of the MLS club valued at $600 million.

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May 6, 2023; Santa Clara, California, USA; San Jose Earthquakes and Oakland Athletics owner John Fisher looks towards the pitch after a match against the Los Angeles FC at Levi's Stadium. Mandatory Credit: Darren Yamashita-USA TODAY Sports/File Photo
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Overview

  • The sale process is expected to be announced Wednesday, with Moelis & Co. managing bids for a controlling interest in the San Jose Earthquakes.
  • Sportico values the club at $600 million, placing it 20th among MLS franchises despite low attendance and revenue last season.
  • The Vancouver Whitecaps are also on the market, with Goldman Sachs facilitating the sale as ownership changes reverberate through MLS.
  • Fisher is relocating the Oakland Athletics to Las Vegas, where a groundbreaking for the new $1.75 billion ballpark is set for next week.
  • MLS is weighing a shift to align with the FIFA calendar and exploring fresh media partnerships following the World Cup.