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Dec
20

City of San Francisco to sue Major League Baseball?

By Allan

The San Francsico Chronicle reports that the city of San Francisco is threatening to sue Major League Baseball if it approves the Oakland Athletics move to San Jose, CA.

  • The city has a financial interest in the San Francisco Giants, including $3.6 million in annual rent the Giants pay for AT&T Park and its nearby parking lot.  The city also collects money to pay down the $16.6 million in bonds the city issued to pay for public improvements around the park.  The city also gets tax revenues from sales of tickets, concessions, souvenirs, parking, etc.
  • The Giants have the territorial right to San Jose, and moving a team like the Oakland Athletics into that area would undercut the Giant’s fan base and revenue.
  • “The city and county of San Francisco has a vital interest in making sure the Giants are successful and viable so they can make good on their obligations to the city.”
  • An attempt by the A’s to move from Oakland to Fremont fell through in February after the real estate market collapsed and local officials, residents and environmentalists opposed the development.
  • MLB Commissioner Bud Selig and the Oakland Athletics are researching potential site for the A’s to move including the possibility of the A’s moving to Fremont or San Jose.
  • You can read more about this by following this link.
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Categories : team