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TRACKING THE BAY AREA CHAIN REACTION AFTER THE A'S ARE SOLD
Published January 25, 1995
A proposed deal for the sale of the A's could "impair prospects" for a Raiders return to Oakland and "possibly rile" the Warriors, according to a report in this morning's SAN FRANCISCO EXAMINER. The Oakland City Council, Alameda County Supervisors and Oakland Coliseum directors met Tuesday to discuss the possible sale of the A's to Bay Area developers Steven Schott and Kenneth Hoffman. Although there were no comments on the deal, a source close to the negotiations said "language proposed in the new lease pretty much ends the effort to get the Raiders back" to Oakland because Schott and Hoffman are looking "at a stadium predominately, if not wholly, oriented towards baseball." The deal would include selling 20-year bonds that will be sold to remodel the Coliseum for baseball. The prospective owners are also asking for 10% of whatever revenue the Coliseum receives from selling the naming rights to the stadium. The source told the EXAMINER that such a deal is "kind of unusual," and if the city gives 10% to Schott and Hoffman, they would have to do the same for new Warriors Owner Christopher Cohan (Eric Brazil, S.F. EXAMINER, 1/25).