{"id":364243,"date":"2026-06-17T14:00:14","date_gmt":"2026-06-17T14:00:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/364243\/"},"modified":"2026-06-17T14:00:14","modified_gmt":"2026-06-17T14:00:14","slug":"new-potential-buyer-emerges-for-oakland-arena","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/364243\/","title":{"rendered":"New potential buyer emerges for Oakland Arena"},"content":{"rendered":"<p> <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/06\/qwynuv2qujvr538x.jpg\" alt=\"Oakland charter reform measure placed on ballot\" class=\"sr-only\" data-v-892ef6a8=\"\"\/>  <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/06\/qwynuv2qujvr538x.jpg\" alt=\"Oakland charter reform measure placed on ballot\" loading=\"eager\" fetchpriority=\"high\" class=\"vod-poster-image\" data-v-62bd84fd=\"\"\/>   <\/p>\n<p data-v-94395e58=\"\">OAKLAND, Calif. &#8211; A new potential buyer has emerged for the Oakland Arena, matching and exceeding a previous offer for the venue.<\/p>\n<p data-v-94395e58=\"\">Legends Global, the company that has managed the arena since 2012, has submitted an offer of $102.5 million to purchase the facility, the <a href=\"https:\/\/www.sfchronicle.com\/eastbay\/article\/oakland-arena-coliseum-sale-22305917.php\" target=\"_blank\" rel=\"noopener nofollow\">San Francisco Chronicle first reported.<\/a> As part of its proposal, the company is also offering to share a portion of the arena&#8217;s billboard advertising revenue with both the city and the county.<\/p>\n<p data-v-94395e58=\"\">The bid follows action last month by the Alameda County Board of Supervisors, which approved allowing the sale of the arena.<\/p>\n<p data-v-94395e58=\"\">That decision was part of a larger deal to sell the county&#8217;s half-share of the surrounding Coliseum property to the African-American Sports and Entertainment Group.<\/p>\n<p data-v-94395e58=\"\">Legends Global is not the only party interested in the property; an unnamed private equity firm has also reportedly made a $100 million offer for the arena, according to <a href=\"https:\/\/oaklandside.org\/2026\/06\/16\/how-hot-is-the-oakland-arena-a-second-bidder-has-emerged-to-buy-it\/\" target=\"_blank\" rel=\"noopener nofollow\">The Oaklandside.<\/a><\/p>\n<p data-v-94395e58=\"\">The Chronicle reported the third party is Oak View Group.\u00a0<\/p>\n<p class=\"group-source-paragraph\" data-v-4fbf7207=\"\">The Source: San Francisco Chronicle, The Oaklandside<\/p>\n<p>    <a href=\"https:\/\/www.ktvu.com\/tag\/us\/ca\/alameda-county\/oakland\" class=\"tags-tag\" data-v-94395e58=\"\" rel=\"nofollow noopener\" target=\"_blank\">Oakland<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"OAKLAND, Calif. &#8211; A new potential buyer has emerged for the Oakland Arena, matching and exceeding a previous&hellip;\n","protected":false},"author":2,"featured_media":337554,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[389,1184,100,143,145,144,1181],"class_list":["post-364243","post","type-post","status-publish","format-standard","has-post-thumbnail","category-oakland","tag-alameda-county","tag-ca","tag-news","tag-oakland","tag-oakland-headlines","tag-oakland-news","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/364243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=364243"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/364243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/337554"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=364243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=364243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=364243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}