Herb Kohl Sells Bucks For $550M Kohl Praised For Dedication To Milwaukee Arthur Blank, Atlanta Officially Awarded MLS Team Raptors Unveil New "We The North" Campaign NBA Kings Reaping Benefits Of New Owners Franchise Notes A's Negotiating 10-Year Coliseum Lease Bruins, Celtics Headed In Opposite Directions How Key NBA Storylines Played Out This Year NBA Franchise Notes
Upcoming Conferences and Events
A'S FILE $48M CLAIM OVER LOSS OF FINANCES AT COLISEUM
Published January 22, 1998
The A's have "quietly slapped" the city of Oakland and Alameda County with a $48M claim over the renovation of the Coliseum, according to Matier & Ross of the S.F. CHRONICLE. The claim, sent yesterday to lawyers for the city and county, includes 23 demands and "comes at a time when the team's future in Oakland is already in question" following "unsuccessful talks" between team and stadium execs. Among the demands are $12M for "lost ticket sales allegedly caused" by the elimination of bleacher seats, $12M in "lost 'club seat' revenues," $9.5M for "lost ticket, food and merchandising sales" from diamond-level seats that were not built after disputes between the team and contractors, and $5M for "lost 'general attendance'" during the '96 season, which the A's claim was caused by constant renovation. A's execs were unavailable for comment, and Matier & Ross write the case is "certain to fuel speculation about the team's future" in Oakland. Under their lease, the A's have until July 1 to "extend their stay" until 2004 or "exercise a year-to-year clause," which would allow them to "sell or move the team within two years" (S.F. CHRONICLE, 1/22).