Giants Sell Stake to Sixth Street for Infrastructure

The San Francisco Giants have sold a 10% stake in the franchise to Sixth Street Partners, a move aimed at financing upgrades to Oracle Park and other facilities, as well as the Mission Rock real estate development adjacent to the ballpark. This marks the Giants' first significant investment in three decades, with the new funds facilitating enhancements such as improving the stadium's main entrance and expanding premium sections. Sixth Street, which also has investments in other major sports franchises, including Bay FC, the San Antonio Spurs, Real Madrid, and FC Barcelona, sees this partnership as a commitment to the future of San Francisco's sports culture. The investment was recently approved by Major League Baseball as part of a growing trend of private equity involvement in sports franchises. Giants President and CEO Larry Baer emphasized that the funding is for infrastructural improvements rather than increasing spending on players. The Giants join over half of MLB teams that have engaged with private equity firms for similar investments.