‘Giant’ cash infusion for Giants home

Article posted by Coliseum, April 7^th, 2025

Image: Oracle Park (Facebook)

The Major League Baseball (MLB) team San Francisco Giants have added a San Francisco-based private equity firm to beef up their ownership group to help finance some major changes at their home ballpark – the Oracle Park in San Francisco, California (US).

‘sfgate.com’ stated that the Giants are selling about 10 percent of the team to Sixth Street to help finance some significant upgrades to Oracle Park, the team’s training facility in the 12,000-capacity Scottsdale Stadium in Scottsdale, Arizona, and Mission Rock, the team’s major real estate development across McCovey Cove from the ballpark.

The San Francisco Giants are an American professional baseball team based in San Francisco (US). The Giants compete in Major League Baseball (MLB) as a member club of the National League West Division.

The 42,300-capacity Oracle Park is a ballpark in the South of Market (SoMa) district of San Francisco, California (US). Since 2000, it has been the home of the San Francisco Giants of Major League Baseball (MLB).

San Francisco (US)-based Sixth Street is a global investment firm with over $100 billion in assets under management and committed capital. The firm uses its long-term flexible capital, data-enabled capabilities and One Team culture to develop themes and offer solutions to companies across all stages of growth.

‘sfgate.com’ further stated that the Giants President and head honcho Larry Baer called it the “first significant investment in three decades”.

With the new investment which was reportedly approved recently by the Major League Baseball (MLB) the Giants plan to “enhance the stadium’s main entrance facing the Willie Mays Plaza, add designated sections for the rooter clubs (fan clubs) akin to those in the soccer stadiums and expand the premium sections that include the all-inclusive food and drink service.”

New York (US)-based the Major League Baseball (MLB) is a professional baseball league composed of 30 teams divided equally between the National League (NL) and the American League (AL) with 29 in the United States and 1 in Canada.

But Baer downplayed any thoughts at the new cash helping the team increase its spending on the team taking the field.

Added Baer, “This is not about a stockpile for the next Aaron Judge (American baseball outfielder for the MLB team New York Yankees). This is about improvements to the ballpark, making big bets on San Francisco and the community around us and having the firepower to take us into the next generation.”

The Sixth Street is best known in the Bay Area sports scene as the primary owner of the Bay FC, the National Women’s Soccer League (NWSL) team in the region that just kicked off its second year. The Sixth Street also has investments in Spanish soccer titans – the LaLiga teams Real Madrid CF and FC Barcelona as well as the National Basketball Association’s (NBA’s) San Antonio Spurs. The company’s San Francisco office is located on the far East side of the Presidio Complex where it is neighbors with Lucasfilm (American film and television production company).

Asserted Alan Waxman, Sixth Street Co-Founder and Chief Executive Officer (CEO), “We believe in the future of San Francisco and our sports franchises like the Giants are critical Ambassadors for our City of innovation showcasing to the world what’s only made possible here. We believe in Larry and the leadership team’s vision for this exciting new era and we’re proud to be partnering with them as they execute the next chapter of San Francisco Giants success.”

The Giants didn’t disclose how much money the Sixth Street was investing in the team to get its stake but it is reported that it was for a tenth of the team. Forbes’ annual team valuations had the Giants worth $3.8 billion at the start of the 2024 season which ranks as the fifth-biggest organization in the MLB.

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