African American Business Group Seeks To Buy Oakland Coliseum Site For NFL Franchise


OAKLAND (CBS SF) — A local business and investment group is looking to buy the city’s stake in the Coliseum site and build a new stadium to lure an NFL franchise, which would be the first in the league to be majority-owned by African Americans.

Oakland-based African American Sports and Entertainment Group (AASEG) is offering $92.5 million to buy Oakland’s portion of the Coliseum site.

The site is jointly owned by the city of Oakland and Alameda County. The Oakland A’s just purchased the other half from the county and are trying to buy the remaining half from Oakland.

The group’s…



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