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RE: LeoThread 2024-12-05 16:00

in LeoFinance7 days ago

Part 3/8:

However, there are still hurdles to overcome. The A's leadership must secure private financing, with reports indicating a commitment of up to $1.1 billion. At this point, it remains to be seen if they can substantiate their financial promises. Without clear evidence of available funds—especially given that no escrow account exists—there’s a cloud of uncertainty hanging over the move.

Another point of contention is the increasing costs tied to the relocation. Initial estimates of approximately $1.5 billion have since escalated to $1.75 billion, and the A's will be responsible for any cost overruns without further public assistance. This adds a layer of pressure on ownership to ensure financial clarity and accountability.