SBD/March 12, 2012/Franchises

Two Investment Groups Have Expressed Interest In Buying A's

Group from L.A. area reportedly has already made its interest in A's known to MLB
Two investment groups have "expressed serious interest in buying" the A's and "keeping the team in its current home," according to Matier & Ross of the S.F. CHRONICLE. A source said that one outfit is "from the L.A. area and is headed by a financial services industry executive." The second group, which "also didn't want to be identified publicly, is led by a longtime executive from a high-profile Silicon Valley company." The exec "already owns a minor league baseball franchise." The first group has reportedly "already made its interest in the A's known" to MLB. A's Owner Lew Wolff "insists the team isn't for sale" (S.F. CHRONICLE, 3/12). MLB.com's Terence Moore wrote Oakland without the A's is "no big deal for a lot of reasons." One is that the MLB Giants "are the 'Team of the Heart' for most of Northern California." The A's "always have been the other team." Moore wrote San Jose would be a good fit for the A's. While Oakland is the eight-largest city in California, San Jose is the 10th-largest city in the U.S. Given that the Giants "still rule, it's not as if that many around Oakland would miss the A's, anyway." The A's "haven't reached the two-million mark in attendance since they ended a five-year streak" in '05 (MLB.com, 3/9).
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