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Oakland A's Sell Coliseum Stake to Black Development Group for $125M

The deal grants full ownership to the African American Sports & Entertainment Group, aiming to revitalize the East Oakland site.

  • The African American Sports & Entertainment Group previously acquired the city's 50% share for $105 million.
  • Plans include a sports, entertainment, educational, and business district with affordable housing.
  • The Coliseum and Arena will continue hosting events, including concerts and sports.
  • The Oakland A's will temporarily relocate to West Sacramento before moving to Las Vegas.
  • The development aims to enhance economic equity for Black residents in East Oakland.
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