Is Suga Acquiring Stakes In An American Baseball Team?— Reports Clarify The BTS Member’s Role

8 hours ago 3

He will be joining forces with a veteran athlete.

4 minutes ago

According to reports by Korean media outlets, BTS member Suga is all set to invest in a major American baseball team.

On July 4, KST, sources in the sports industry revealed that Suga is expected to join veteran Korean baseball player Park Chan Ho in investing in the American Major League Baseball team, the Athletics (formerly known as the Oakland Athletics).

Reports stated that Park Chan Ho’s management company, Team 61, was in the process of forming a private equity fund and investing 70 million USD in Athletics. In addition to Team 61, Suga and some other mid-sized group owners are also expected to contribute to the equity fund.

Once the investment is completed, the collective of investors will secure around a 2-3% stake in the team. The 70 million USD investment will reportedly be used to build a home stadium in Las Vegas.

Founded in 1901, the Athletics is a prestigious team that has won the World Series nine times. However, recently, the team has been suffering due to poor finances and performance issues. It was recently decided that the Athletics will move their home base from Oakland to Las Vegas, and they plan to invest approximately 1.75 billion USD to build a new stadium, which is aimed to be completed in 2028.

In response to the exclusive report, a Team 61 representative confirmed that they were preparing and promoting the private equity fund but couldn’t confirm the details about the participants and their investment scales.

Stay tuned for more updates!