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Chan Ho Park Becomes First Korean to Buy a Stake in an MLB Club by Joining Athletics Group
The group has committed $55 million and will add $15 million if Major League Baseball approves the deal, the A’s said.
- On Monday, former Major League Baseball pitcher Park Chan-ho announced his consortium, Team61, is investing $70 million in the Athletics, making him the first Korean-born investor in an MLB franchise.
- Team61 committed $55 million immediately, with $15 million pending Major League Baseball approval; Park becomes a senior adviser to owner John Fisher, advising on player development and Asia initiatives.
- Joining the group are K-pop star Suga of BTS and actors Ken Jeong and Daniel Dae Kim. Harbinger Sports Partners purchased a stake announced Thursday, July 23.
- Supporting the move to Las Vegas, the funding assists the Athletics in building a $2 billion domed stadium scheduled for 2028, with plans to invite Korean teams to play there.
- Baseball's popularity in South Korea has surged, with over 10 million fans attending professional games annually; Park aims to build a new fanbase while creating opportunities for the next generation of players.
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Investors including Chan Ho Park, K-pop star Suga buy stake in A’s
For the second time in less than a week, the Athletics' Las Vegas venture added a second high-profile investor. And this group features investors set to break a barrier with the purchase, including a former major leaguer and a K-pop star. Chan Ho Pa...
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Total News Sources32
Leaning Left9Leaning Right7Center14Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 30%
C 47%
R 23%
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