MLB Cardinals, FS Midwest Reach New Deal Alameda County Wants Out Of Coliseum Deal MWR's Kauffman Buys Stake In Ganassi Racing Fisher To Discuss L.A. Situation With Rams Players Manchester United Sponsors Push For Asia Tour Cardinals Praised For Hiring Female Coach A's Reportedly Holding "Positive" Ballpark Talks Packers Go Retro For New Alternate Uniforms Blue Jays' Anthopoulos All-In With Tulo Move Royals Getting Aggressive With More Trades
Sale Of A’s To Wolff Nearly Complete, Awaiting MLB Approval
Published January 27, 2005
|A-Okay: Lewis Wolff Moves Step
Closer To Acquring Team
MLB has approved legal documents for the sale of the A’s from co-Owners Steve Schott and Ken Hofmann to VP/Venue Development Lewis Wolff, which “leaves only two main hurdles” approval by 75% of MLB owners and having the Network Associates Coliseum lease transferred to Wolff according to Kroichick & Shea of the S.F. CHRONICLE. The team is expected to sell for at least $150M. While MLB owners are not scheduled to meet again until May, they “might formally consider the A’s sale before then.” Schott: “I would think it could get done before Opening Day and maybe even before spring training gets into full swing.” An MLB spokesperson said that owners could vote via conference call, but there is “no apparent urgency.” The spokesperson: “It’s more in our hands to go through all the documents, do all the background checks, everything related to the final closing” (S.F. CHRONICLE, 1/27). Schott, on formally completing the sale: “It’s down the road a way, but we’re still not there yet” (CONTRA COSTA TIMES, 1/27).