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A'S SALE SHOWING "NEW SIGNS OF STRAIN"
Published July 19, 1995
Oakland and Alameda County leaders say the agreement to sell the A's to a local group is "showing new signs of strain," according to Stacey Wells of the OAKLAND TRIBUNE. The most recent problem surfaced yesterday when Alameda County supervisors were "forced to postpone" discussion of a new lease agreement between the A's and the Coliseum. Supervisors delayed action until Thursday after the team's prospective buyers, Ken Hofmann and Steve Schott, asked for "additional changes to the lease." Coliseum negotiators last week agreed to a request by Hofmann and Schott for new lease terms that would allow the A's to leave the Coliseum in '98 after undisclosed penalties if the new owners "do not like the renovations" included in the proposed Raiders package. But now, according to supervisors, Hofmann and Schott want additional changes that would "come into play if the Raiders do not return." They are: The Coliseum would make $10M in improvements after the '95 season, and the A's could abandon the Coliseum after the '96 season for whatever reason, so long as the new owners paid for the $10M upgrade. Some city and county officials speculate that Hofmann and Schott are using the lease "to conceal any trepidation they may have about buying a baseball team" in the wake of the strike, the "continuing absence" of a CBA, and a "slide in attendance" in most cities (OAKLAND TRIBUNE, 7/19).