The Major League Sports team has decided to move its home game to Las Vegas in 2028, with the unanimous approval of the owners. According to USA Today, MLB officials have set up a relocation agreement that will pay a hefty tax if the A's are sold within 10 years.
The tax is intended to prevent A's owner John Fisher from using the move to increase the value of the team and then selling it to another consortium. According to the report, MLB issued a rule as a "tight line" for the owners of the Athletics, if Fisher sells the team before 2028, he will levy a tax of 20 percent of the sale amount, which will be shared by the major league teams, and the sale in 2029 will be reduced to 10 percent, which will be reduced every year until 2034.
Fisher bought the A's for $180 million in 2005 and, according to Forbes, was valued at about $1.2 billion in March of this year, which is expected to be worth several times that when it moves to Vegas.
It is worth mentioning that part of the cost of the new stadium is borne by Nevada taxpayers, Fisher recently issued a statement stressing that he will not sell the team, "I want our family to have a long time in the future, we are committed to building the most advanced baseball stadium in Las Vegas, while bringing more games to southern Nevada."