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A'S SALE ATTRACTS TWO LOCAL BIDDERS; HAAS IS "PLEASED"
Published December 2, 1994
A's CEO & Chair Walter Haas said he was "very pleased" that two serious prospective purchasers will step forward with offers to buy the team and keep it in Oakland (Athletics). Today is the date set by the Hass family as a deadline for local buyers to come forward, and "as an inducement" the team was offered to local buyers for $85M, $15-$35M "under market value." The Oakland-Alameda County Coliseum board had been actively trying to find a local buyer to keep the A's playing in the facility, and board member Jim Vohs said, "I'm very optimistic that we will have the A's continue to play in Oakland." One of the potential buyers is the Sacramento partnership of Kevin McClatchy, McClatchy Newspapers heir, and Fred Anderson, minority owner of the Sacramento Kings and owner of the CFL Sacramento Gold Miners. The other offer for the A's comes from an anonymous group. The team has 90 days to consider the offers and inform MLB which one they prefer (George Raine, SAN FRANCISCO EXAMINER, 12/2).