A’s Secure Funding for Ballpark with Galatioto Sports Partners, Seeking Minority Investors

The A’s have recently partnered with Galatioto Sports Partners in an effort to secure funding for their new Las Vegas ballpark. In exchange for their assistance in securing investors, the firm will receive a share of ownership in the team. The goal of this partnership is to raise $500 million towards the construction of the ballpark, which is estimated to cost $1.5 billion.

Last June, Nevada legislators approved $380 million in public funding for the ballpark. However, the A’s are responsible for covering the remaining balance of the cost and must disclose a financing plan for the rest of the funding needed. John Fisher, team owner, has been actively seeking investors to purchase a minority interest in the team as part of this overall financing strategy.

Overall, this partnership with Galatioto Sports Partners represents a significant step forward in securing funding for the A’s new ballpark project. With their expertise and resources at their disposal, Fisher and his team are hopeful that they will be able to successfully secure enough funding to bring this exciting project to fruition.