John Fisher told ESPN that the Athletics have submitted their application for relocation to MLB, and attributed his decision to move the team primarily to Oakland's inability to reach its stadium funding commitments.
That will change once the team moves to Las Vegas, Fisher promised, citing the proposed $1.5 billion in private financing for a 33,000-seat ballpark on nine acres on The Strip.
"We would not be making that kind of investment if we weren't planning on putting a team on the field that can win the World Series," Fisher said."We understand that Vegas wants a winner and demands a winner." Fisher and Lew Wolff purchased the A's in 2005 for a reported $180 million. Forbes estimates the current value of the team at nearly $1.2 billion. Fisher on Thursday reiterated a claim he made earlier in the week to the Las Vegas Review-Journal, saying the A's lost $40 million last year alone. Given the available revenue streams, especially from local and national media rights, the figure raised eyebrows among sports economists.
Asked what he thinks of the protests, Fisher said,"I take it personally, as I should. It's my decision to move the team. The decision was mine. And so I understand and appreciate the way fans feel about that decision."
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