{"id":364500,"date":"2026-06-17T18:03:31","date_gmt":"2026-06-17T18:03:31","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/364500\/"},"modified":"2026-06-17T18:03:31","modified_gmt":"2026-06-17T18:03:31","slug":"legends-global-makes-bid-for-oakland-arena-joining-rival-bid","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/364500\/","title":{"rendered":"Legends Global makes bid for Oakland Arena, joining rival bid"},"content":{"rendered":"<p class=\"c-paragraph sections-facilities \">Legends Global is \u201cmaking a bid to buy\u201d Oakland Arena from Oakland Acquisition Co., according to Kate Talerico of the S.F. CHRONICLE. Legends offered to invest $102M total in the arena &#8212; a number that \u201ccomprises the cost of the property itself and repairs.\u201d It comes as another bidder, Oak View Group, has been \u201ccourting Oakland officials and community groups to support its bid for the arena.\u201d Both Oakland and Alameda County have tentatively agreed to sell their 50% stakes in the Coliseum and arena site to a group of investors called Oakland Acquisition Co. for $125M and $115M, respectively. The Oakland Acquisition Co. has been working to raise the capital needed to close the sale, with the solution being to \u201cspin off the 19,200-seat arena.\u201d In May, Oakland Acquisition Co. and the county agreed to a term sheet\u202fin which an \u201cunnamed potential third party\u202fwould pay at least\u201d $100M for the arena. It is unclear whether Legends is \u201cserious about buying the arena, or if the company is just seeking to protect its position as the venue\u2019s manager\u201d (<a href=\"https:\/\/www.sfchronicle.com\/eastbay\/article\/oakland-arena-coliseum-sale-22305917.php\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.sfchronicle.com\/eastbay\/article\/oakland-arena-coliseum-sale-22305917.php\">S.F. CHRONICLE, 6\/16<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"Legends Global is \u201cmaking a bid to buy\u201d Oakland Arena from Oakland Acquisition Co., according to Kate Talerico&hellip;\n","protected":false},"author":2,"featured_media":364501,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[143,145,144,1673],"class_list":["post-364500","post","type-post","status-publish","format-standard","has-post-thumbnail","category-oakland","tag-oakland","tag-oakland-headlines","tag-oakland-news","tag-sustainability"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/364500","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=364500"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/364500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/364501"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=364500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=364500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=364500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}