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4w ago

Chan Ho Park‑Led Group Commits to Athletics as Club Readies Move to Las Vegas

The investment brings Korean ownership and Asia-focused development to help fund the A’s $2 billion domed stadium, signaling deeper commercial and player ties with South Korea.

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Former Major League Baseball (MLB) pitcher Park Chan-ho (L) shakes hands with John Fisher, the owner of the MLB club Athletics, during a presentation in Seoul on July 27, 2026, announcing an investment by Park's Team61 consortium into the Athletics. (Yonhap)
Suga of the K-pop boy band BTS arrives at a police station for questioning regarding his drunk driving charge, in Seoul, South Korea, August 23, 2024. REUTERS/Kim Soo-hyeon
Former Major League Baseball (MLB) pitcher Park Chan-ho speaks during a presentation in Seoul on July 27, 2026, announcing an investment by his consortium Team61 into an MLB club, the Athletics. (Yonhap)

Overview

  • Team61 announced Sunday that it will invest $70 million in the Athletics, with $55 million already committed and a further $15 million contingent on Major League Baseball approval.
  • Former MLB pitcher Chan Ho Park will become the first Korean investor in a major league club and will serve as a senior adviser to owner John Fisher on player development and Asia strategy.
  • The Team61 group includes K-pop star Suga and actors Ken Jeong and Daniel Dae Kim, adding celebrity partners to the club’s expanding minority-ownership base.
  • The investment is intended to help finance the A’s under-construction $2 billion, 33,000-seat domed ballpark on the Las Vegas Strip, with the team planning to begin play there in 2028 while currently completing a temporary run in West Sacramento.
  • The deal could expand scouting, youth programs and commercial ties between MLB and South Korea but remains a developing transaction because the remaining $15 million and any formal ownership changes require MLB approval.