San Jose earthquakes are for sale.
The MLS Club on Wednesday announced that the Ownership Group has controlled the interest of the franchise on the market, hired with the investment bank Moelis & Co. to guide any possible sales.
The earthquake has been owned by John Fisher since 2008. At that time, the club has performed five MLS Cup playoffs and won the shield of 2012 supporters.
Fisher is better known in the Bay Area for his tenure as the owner of Major League baseball athletics.
The fans of A. for years, begged Fisher to sell the team as it was inflated in standing and failed to secure a new ballpark to replace the old Okland Colizium. Instead, he intends to move the franchise to Las Vegas starting with the 2028 season. Currently, since leaving Okland after the 2024 season, West Sacramento, playing on a temporary basis in California.
The speculative fled on Wednesday that Fisher Las is selling a majority stake in the earthquake to help the AK Ballpark employed on the Las Vegas strip to fund its share of $ 1.75 billion estimated costs. Fisher looked at the construction of the football-specific stadium PayPal Park a decade ago.
Fisher’s statement on Wednesday did not mention how he intended to spend his income. In January, Sportico stored the franchise in $ 600 million in the evaluation of its MLS team.
Fisher said, “San Jose earthquake and PayPal Park have been an important part of our life for almost two decades.” “We are proud of the role that Quake has played in the development of football in Silicon Valley. Bay Area is a special place, and we are deeply grateful to fans, players and employees who have been with us on this journey.”
MLS Commissioner Don Garber had good words to say about Fisher.
“On behalf of the Major League Soccer, I want to thank the Fisher family for the earthquake and his long -term commitment to the San Jose community,” Garber said. “Under his leadership, the club invested in world -class facilities such as PayPal Park, built a highly respected youth academy and helped grow the game in one of the most dynamic markets in the country. We are ready to identify new ownerships that can build on this strong foundation and continue to elevate footballs in the Gulf region and in the entire northern California.”
According to Forbes, 64 -year -old Fisher has a total assets of $ 3 billion. While he is the founder partner of the investment firm Sansome Partners, he served in the board of directors of the gap by May 2022. According to Forbes, The Gap founder is the youngest of the three sons born from Doris and Donald Fisher.
The 15-Team Western Conference is not only MLS franchisees at the eighth-market after the final termination in 2024. The owner of the majority of Vancouver Whitcaps hired Goldman Sachs last December to assist in sales.
-Bield level media
