Overview

• SUGA and former MLB star Park Chan Ho have officially secured minority stakes in the Athletics via a private equity fund led by Park’s Team 61.
• The $70 million investment will purchase approximately 2–3% of the team’s newly issued shares.
• Funds are designated for the team’s relocation from Oakland and the construction of a $1.75 billion stadium in Las Vegas targeted to open in 2028.
• Fellow investors include Lee Man Deuk of Samchully Co. and Mike Joo of Bank of America Merrill Lynch.
• Neither SUGA nor Park Chan Ho have publicly commented on the deal as fundraising continues to close the remaining financing.