In June of last year, the Nevada legislature approved $380 million in public funding for a new Las Vegas ballpark. However, this funding is only enough to cover a portion of the project’s estimated $1.5 billion cost. The A’s, who are responsible for building the ballpark, need to find additional funding to complete the project.
To help secure this financing, the team has hired Galatioto Sports Partners. In exchange for their assistance in finding investors, Galatioto Sports Partners will receive a share of ownership in the team. The goal of this partnership is to raise $500 million in additional funding for team owner John Fisher to use towards the construction of the new ballpark.
Fisher has been actively seeking investors to purchase a minority interest in the team as part of his overall financing strategy. This approach has been ongoing for several months and is seen as a key component of securing additional funding for the project.