The Oakland business leaders who are pushing the effort to build a new home for the A’s on the city’s waterfront apparently are not the deep-pocketed investors who would finance the plan to build a $500 million facility at Howard Terminal. It’s also clear that the cash-strapped city has no funds to contribute to the project — other than land provided by the Port of Oakland. So who is the real money behind the proposal? According to knowledgeable sources, the owners of the Golden State Warriors are part of one of at least three potential investment groups who are interested in buying the A’s and building the new ballpark in Oakland on their own.
Yet despite being spurned by Wolff, the Rogers-Ghielmetti-Knauss-Boxer team is not willing to give up on the waterfront plan. In fact, sources tell us the group knew full well that Wolff might reject their proposal. As such, they made contingency plans and have been shopping around the Howard Terminal proposal for potential investors, identifying at least three groups who are interested in buying the A’s and building the Howard Terminal ballpark themselves, sources say. And one of these groups, sources say, is led by Warriors’ owners Joe Lacob and Peter Guber — two wealthy men who had tried to buy the A’s previously.
Indeed, Guber, who made his fortune in Hollywood, was part of a 2002 effort to purchase the A’s when they were still owned by Steve Schott and Ken Hofmann. And sources said Lacob, who made his wealth in Silicon Valley, had expressed interest in buying the A’s at the time that Schott and Hofmann sold the team to Wolff and his partner, John Fisher of the Gap retail clothing empire. Lacob declined to comment for this post.
There’s also another connection between Lacob and Guber and the Howard Terminal proposal. The stunning drawings that were released this week of the proposed 38,000-seat waterfront ballpark featuring towering white shipping cranes beyond the outfield fence were created by MANICA Architecture — the same firm that Lacob and Guber hired to produce plans for the shiny silver spheroid arena they want to build for the Warriors in San Francisco. (Sources tell us that Lacob and Guber have not given up on moving the Warriors to San Francisco — despite their interest in buying and keeping the A’s in Oakland.)
In an interview, Mayor Jean Quan declined to comment on Lacob and Guber’s interest in the A’s. But following a fundraiser for the Save Oakland Sports group last Friday, she reiterated that a decision needs to be made by A’s current owners soon. “The Giants are not going to let them go to San Jose,” said Quan. “Major League Baseball is going to have to make a decision. They have to basically say, ‘Hey A’s, you need some place to play. You’re not moving out of Oakland and you’ve got these people with real money willing to build a stadium, you need to be a part of that.’ Lew Wolff has said there is nothing in Oakland. Well, now, not only have we proved not only site control, we have the money to do it.”
Update 10:15 a.m., 12/19: The LA Times is reporting that Warriors' co-owner Peter Guber says he's not interested in buying the A's. Guber declined to comment about whether his business partner Joe Lacob is interested.