Exclusive | Oakland As shop $500M minority stake in deal that values Vegas-bound team at $2B: sources

Billionaire Oakland A’s owner John Fisher is looking to cash in on the team’s move to Las Vegas by selling off a minority stake that values the franchise at $2 billion — a whopping 66% increase from its most recent valuation, The Post has learned.Fisher — an heir to The Gap clothing empire co-founded by his parents, Donald and Doris Fisher — plans to start shopping a 25% chunk of the team with a price tag of $500 million in the coming days, two sources close to the situation told The Post.Before the start of the 2024 season, the small-market team was worth only $1.2 billion, according to an assessment of team valuations conducted by Forbes.Only the Florida Marlins had a lower valuation at $1 billion.However, Fisher expects a revenue boom when the A’s move into a new, taxpayer-subsidized ballpark on the Las Vegas Strip.

“He’ll say the 45 million Vegas tourists a year are looking for attractions and many will want three hours of baseball entertainment,” Mark Rosenberg, a professor of Sports Management at the University of Michigan, told The Post.The A’s also got the nine-acre plot to build their 33,000-seat domed stadium on the former site of the Tropicana Hotel for free in a development deal with Bally’s.The casino giant imploded the famed home to Vegas acts like the Rat Pack and Siegried & Roy earlier this month.

The land is valued at around $200 million.It will take will take about three years to build to the stadium.Fisher, whose net worth is estimated at $3.1 billion by Forbes, will chip in just $850 million toward the $1.5 billion construction tab, with Nevada lawmakers reportedly agreeing to pay $350 million.The team is expected to borrow an additional $300 million.Major League Baseball didn’t charge Fisher a relocation fee, a rare accommodation, which could have cost $1 billion, The Post reported exclusively.“This move looks like the second best baseball deal of the year,” Rosentraub quipped, putting it only behind the Yankee...