A’s Owner John Fisher Exits MLS With $625M Earthquakes Deal
The A’s owner put the Earthquakes up for sale in June 2025.
San Jose Earthquakes have been sold to Heath Freeman, a founder of private equity firm Alden Global Capital, in a deal valued at $625 million. Freeman is purchasing the team and its PayPal Park stadium from billionaire John Fisher, who also owns the MLB's Athletics. Financial specifics were not disclosed, but a source confirmed the enterprise value of $625 million.
The Earthquakes are one of the league's founding teams, debuting in 1996. The deal, announced Friday, is expected to be finalized within weeks, with Freeman set to become the Earthquakes' principal owner. Freeman, also president of Alden Global Capital, expressed the team's vision of winning both on and off the field for San Jose and the region.
The Earthquakes, who finished fourth in the Western Conference this season, will kick off their playoff run on November 19.
Written by urgent.news from Front Office Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
