Menu
Franchises

SCHOTT AND HOFFMAN CLOSE TO FINALIZING SALE FOR A'S

     The Haas family is close to selling the A's for an estimated
$85M to a pair of Bay Area developers, according to a weekend
report in the SAN FRANCISCO CHRONICLE.  Stephen Schott, President
of the Citation Homes of Santa Clara, and Kenneth Hoffman, a part
owner of the Seahawks, could complete a deal as soon as
Wednesday, but details still need to be worked out with the
Oakland City Council and the Alameda County Board of Supervisors.
A's President Walter Haas:  "Yes, we are getting close."  One
"stumbling block" is Schott and Hoffman's reported request that
the city and county pay up to $25M in improvements to the Oakland
Coliseum and give them more control over revenue from other
events.  They are also asking for a larger percentage of the
profits from parking, concessions, etc. (Matier & Ross, SAN
FRANCISCO CHRONICLE, 1/21).  A source close to negotiations said
city and county officials are "not averse to financing Coliseum
upgrades," but will insist improvements would also accommodate
football -- in hopes of luring the Raiders back to Coliseum.  The
Haas family is also reportedly concerned about who would pay for
expenses due to the baseball work stoppage.  The team has been on
the market since May and set an asking price of $85M -- which
some analysts say is as "much as $30M below the team's worth --
to keep the team in Oakland" (Dennis Akizuki, SAN JOSE MERCURY
NEWS, 1/22).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1995/01/23/Franchises/SCHOTT-AND-HOFFMAN-CLOSE-TO-FINALIZING-SALE-FOR-AS.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1995/01/23/Franchises/SCHOTT-AND-HOFFMAN-CLOSE-TO-FINALIZING-SALE-FOR-AS.aspx

CLOSE