Giants Sell 10% Stake to Sixth Street for Major Upgrades

San Francisco, CA — The San Francisco Giants have officially sold a roughly 10% stake in the team to private equity firm Sixth Street, the franchise announced Tuesday. While the specific amount of investment was not disclosed, Sportico estimates the franchise, including its related holdings, is valued at approximately $4.2 billion.

Major League Baseball approved the investment on Monday, which will finance extensive upgrades to Oracle Park, the Giants’ home stadium, as well as improvements to the team’s training facilities in Scottsdale, Arizona. The funds will also support the Mission Rock real estate project located adjacent to the ballpark.

Giants President and CEO Larry Baer referred to the transaction as the team’s “first significant investment in three decades.” He emphasized that the funds will not be allocated for player acquisitions. “This is not about stockpiling for the next season,” Baer said. “This is about making enhancements to the ballpark, investing heavily in San Francisco and the surrounding community, and equipping us for the future.”

Sixth Street, which is also a primary owner of National Women’s Soccer League franchise Bay FC, has a diverse portfolio that includes investments in NBA franchises such as the San Antonio Spurs and European soccer teams like Real Madrid and FC Barcelona. Alan Waxman, co-founder and CEO of Sixth Street, expressed confidence in the Giants and their leadership. “We believe in the future of San Francisco, and our sports franchises like the Giants are critical ambassadors for our city of innovation,” Waxman stated. “We’re proud to partner with Larry and his team in this exciting new era.”

Founded in 2009 and headquartered in San Francisco, Sixth Street manages assets totaling approximately $100 billion. The firm’s commitment to enhancing the Giants comes amidst a growing trend of private equity involvement in Major League Baseball, with more than half of the 30 MLB teams currently engaged in similar partnerships. Other notable firms with stakes in the league include Arctos, which owns about 2% of the Giants and has interests in teams such as the Houston Astros and the San Diego Padres.

The Giants, who completed Oracle Park in time for the 2000 MLB season, have made significant renovations over the years, aiming to maintain a top-tier experience for fans. Baer affirmed the organization’s vision, stating, “This partnership reaffirms our commitment to being one of the world’s leading sports and entertainment franchises while uplifting San Francisco and the Bay Area.”

As the Giants prepare for the upcoming 2025 season, which kicks off on March 27 against the Cincinnati Reds, they aim to leverage this investment not only for physical enhancements but also to strengthen their cultural and community ties.