The president of the Oakland Athletics baseball team became one of the most criticized people in the league for his management and his controversial decision.
John Fisher He is one of the businessmen who decided to bet on sports and poured millions of his fortune into his passions. The American became the owner of the Major League Baseball (MLB) team, Oakland Athletics. His tenure made him the most hated man in the city after deciding to move the group to Las Vegas, Nevada.
The town, belonging to the state of San Francisco, was left without any team in the major American leagues after the billionaire’s request was approved. The franchise that has been established in Oakland since 1968 will change both its name and its location. Fisher stated: “Today is a very difficult day for the city of Oakland. It’s a great day for Las Vegas, “I want to thank the MLB commissioner for his full support in reaching the best solution.”
The billionaire also indicated that the process was planned to begin in 2025, when the team’s name will only become “Athletics” and it will temporarily move to the Sutter Health Park stadium in Sacramento. This is a step that was devised so that the team continues in competition while its future stadium, where it will be called ““Las Vegas Athletics”.
The history and business of John Fisher, the hated billionaire in Oakland
The businessman hated by more than 440,000 people He also had criticism of his leadership for not signing renowned players and for not having invested in a new stadium. Some of these trends also affect the sports mogul with his Major League Soccer (MLS) team San Jose Earthquakes. But these actions are far from the decisions of the millionaire with his Scottish soccer team, Celtic Glasgow.
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All these investments are possible thanks to being one of the heirs of the Gap clothing brandfor being the son of its founders. This company has more than 150,000 employees and 30,000 stores around the world. In addition, it brings together the Old Navy clothing chain and the Piperlime shoe producer. All of them create a flow of 14.5 billion income per year.
Fisher is also one of the founders of investment firm Sansome Partners. This company specializes in creating long-term value, although it is also flexible to short-term trends and bets. Their investments vary between public, private, national and international sectors.
How much is John Fisher’s fortune, according to Forbes
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The Nevada Independent
Although the American was born into a wealthy family, he managed to increase his coffers through his bets in the market and investments in sports. This combination is analyzed by Forbes magazine and reveals that its capital is around 2.6 billion dollars.
Source: Ambito
