The San Francisco Giants have added an SF-based private equity firm to beef up their ownership group to help finance some major changes at Oracle Park.
According to the New York Times, the Giants are selling about 10% of the team to Sixth Street to help finance some significant upgrades to Oracle Park, the team’s training facility in Scottsdale and Mission Rock, the team’s major real estate development across McCovey Cove from the ballpark. In a press release, Giants president and CEO Larry Baer called it the “first significant investment in three decades.