The deal to sell the Oakland Coliseum Complex to the African American Sports and Entertainment Group hit a speed bump Tuesday at the Board of Supervisors meeting.
Dan Noyes: “Why isn’t this just a simple signoff?”
David Haubert, Alameda County Supervisor:
“Yeah, well, it’s a very complicated deal, in fact, we have a property owned by two separate owners and one is already in transaction.”
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They want more time to consider the sale of the Oakland A’s 50% share of the complex to this new group of investors. I-Team reporter Dan Noyes has been speaking to the parties involved and going through the documents.
The tension is ramping up as AASEG missed a $10 million payment last week. They did put that money in an escrow account last month, but won’t transfer it to the city until they see how the county part of the equation works out.
Members of the African American Sports and Entertainment Group lined up at the Alameda County Board of Supervisors meeting, urging them to approve an important step for the Coliseum project. The team formerly known as the Oakland A’s, has agreed to sell its 50% share of the complex to AASEG, but the Board of Supervisors has to agree.