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Oakland Coliseum operator axes 1,600 workers as historic stadium sale goes down

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Source: New York Post

The operator of the storied Oakland Coliseum and Oakland Arena is laying off workers en masse as Oakland officials prepare to sell both venues. Legends Global is laying off all 1,600 employees as Oakland and Alameda County prepare a sale to two separate entities looking to buy the former home of the Oakland Raiders and Athletics, as well as the Golden State Warriors’ former arena. A group of investors under the Oakland Acquisition Company is planning on buying both venues and then selling the arena to the Oak View Group. The city of Oakland and Alameda County jointly own both venues for now, and employees can plan on working through the end of the year at least, Legends Global said. The arena is considered the more profitable venue, and already has several concerts planned for 2027. The former Raiders home is a much different story.

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Read the original at New York Post

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