Comments from John Fisher to Wall Street Journal clarifying previous recent comments on financing
Mar 14, 2024 11:19:28 GMT -8
Post by LVfan on Mar 14, 2024 11:19:28 GMT -8
Comments from John Fisher to the Wall Street Journal provide clarification on recent comments he made regarding funding. This should put financing questions to rest, considering the family wealth reported by Forbes and the likelihood necessary resources can be made available to whatever degree is needed:
"The plan to finance the estimated $1.5 billion overall cost of building a brand-new ballpark in Sin City includes $380 million of public funding, along with $200 million of debt. Fisher recently said that he planned to generate his own $1 billion obligation through $500 million in family money and $500 million from equity investors. He later told the Journal that his family would make up any shortfall from investors and was “prepared to make that billion-dollar investment ourselves as a family.
"The Fisher family made its fortune by founding Gap, and although John and his father Don were part of an ownership consortium that kept the San Francisco Giants in the Bay Area in the early 1990s, John has been the only member of his family known to be actively interested in the business of baseball.
"Fisher declined to discuss his access and control over the assets in the Fisher family trust, but said that “my brothers are both investors in this.”
www.wsj.com/sports/baseball/oakland-athletics-las-vegas-stadium-a602acc3
"The plan to finance the estimated $1.5 billion overall cost of building a brand-new ballpark in Sin City includes $380 million of public funding, along with $200 million of debt. Fisher recently said that he planned to generate his own $1 billion obligation through $500 million in family money and $500 million from equity investors. He later told the Journal that his family would make up any shortfall from investors and was “prepared to make that billion-dollar investment ourselves as a family.
"The Fisher family made its fortune by founding Gap, and although John and his father Don were part of an ownership consortium that kept the San Francisco Giants in the Bay Area in the early 1990s, John has been the only member of his family known to be actively interested in the business of baseball.
"Fisher declined to discuss his access and control over the assets in the Fisher family trust, but said that “my brothers are both investors in this.”
www.wsj.com/sports/baseball/oakland-athletics-las-vegas-stadium-a602acc3
