In Yaland, the preference to bring back a professional football team is gaining ground and approaching reality. According to CBS San Francisco, a local business and investment organization is interested in buying the city’s stake in the Coliseum site so that it can build a new stadium to make it more exciting for the National Football League to bring a franchise opportunity back to Oakland.
The Oakland-based African American Sports and Entertainment Group (AASEG) is looking for the NFL’s first black-owned football franchise and is providing $92. 5 million to purchase the Oakland portion of the Coliseum site. The site is owned by the City of Oakland and Alameda County. The Oakland A just bought the other part of the county and are looking to buy the remaining part in Oakland.
The organization includes black personalities such as Oakland structure developer Alan Dones, former Oakland city administrator Robert Bobb, former NBA player and sports agent Bill Duffy and Loop Capital, America’s largest black-owned investment firm.
Ray Bobbitt, the president of AASEG, said he had spoken to the Athletics organization to verify and establish an agreement.
“There is no conflict. There’s no difference. We’re just painting together,” Bobbitt said.
In a letter sent in the past to NFL commissioner Roger Goodell, the black-owned team is making plans for a sports stadium complex on the Oakland Coliseum site. The organization of corporations will not seek a public budget and intends that the progression be “privately financed, evolved and operated”.
“With Oakland as a position for social justice and one of the parties is economic justice, justice and equality, this is something we are grateful for being the architect of,” Bobbitt said.
Bobbitt also said he is running for more people and cash to make his dream come true.