Sale of the A's: Updates

The Oakland Tribune has the scoop on Wolff and the City Council moving towards the transfer of the lease for the Colisieum. Important item of note(IIoN) is that the ownership group has to present a financial plan indicating the direction of the team.

Also, there is another Tribune article discussing Wolff giving a year timeline for the City of Oakland to come up with a plan to cover the remaining costs of a new stadium. IIoN: Unlike the numerous situations regarding Schott, Wolff will move quickly on securing a stadium whether it be in the Bay Area or elsewhere. The fact that the team has three one year options after 07 is the main reason for an impetus. Wolff is not going to want to have to pay high prices for extra lease years to wait while another stadium is being built somewhere else.

Matier and Ross are reporting the sale figures, which have been known for some time, as $170 million dollars. They go on to collaborate with Glenn Dickey's figure of Schott's purchase price in "Champions" of 80 million. Then the topic of who the owners are surfaces; apparently, Wolff is just the managing partner, for now, while John Fisher, son of Gap founder Donald Fisher, is the one with the capital.

Things are going to happen very very quickly...