A's Owner Relocates Team, Commits $1B for Vegas Stadium

Oakland Athletics owner John Fisher has announced plans to relocate the team to Las Vegas, pledging $1 billion for a new ballpark and securing an additional $300 million loan from U.S. Bank and Goldman Sachs. The new stadium, projected to cost over $1.5 billion, will receive $380 million from Nevada state funds and is expected to open before the 2028 MLB season. Fisher's commitment includes a 30-year initial lease with provisions for potential extensions up to 99 years. The Las Vegas Stadium Authority will review the financial documentation at a meeting on December 5th, where the intricacies of the funding will be discussed further. Fans in Oakland are upset by Fisher's financial commitment to the Las Vegas project, feeling betrayed after years of losing sports teams.