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FOUR POTENTIAL BUYERS OF THE A'S CLEARED FOR NEGOTIATIONS
Published September 12, 1994
Oakland Mayor Elihu Harris said four potential buyers of the Athletics "have been cleared by Major League Baseball and American League officials as able to pay" the $85M asking price. None of the four potential buyers are from the Bay Area, but all are committed to keeping the team in Oakland. Harris said the process of reviewing the books would take from 30 to 60 days. "After that the most viable buyer would emerge." However, Harris noted that there is a "second tier of buyers," which included local groups that had joined together as syndicates as potential buyers. The team's owners, the Haas family, put the team up for sale in April '94. A's CEO Walter Haas set a price of $85M for anyone who would keep the team in Oakland. Some experts say the team would be worth $120M in the open market. If no buyer who would keep the team Oakland is found by December 1, the Haas family said it plans to seek other offers (Gregory Lewis, SAN FRANCISCO EXAMINER, 9/10).