Man, a Reggie Jackson-run team is one I might have actually paid attention to. Way to open the door there, Mr. Commissioner...
Reggie Jackson is frustrated that his offer to buy the Oakland Athletics was not accepted even though his group was willing to pay $25 million more than Los Angeles real estate developer Lewis Wolff for the franchise.
"I'm still disappointed. I'm still hung over from it emotionally," Jackson said in a phone interview Thursday night. "I started my career in Oakland, I still own a home there, they just retired my number this past season. It's a special place."
Jackson, who said this was his "fourth or fifth" time trying to buy a team, said his group of four investors began discussions last spring with the commissioner's office about buying the A's but by the time they were given the chance to make an offer in December it was too late. A's co-owner Steve Schott said that the bid came after he and partner Ken Hofmann already had an agreement to sell the team to Wolff, the team's vice president for venue development.
"Reggie told me he'd buy the team for $25 million more. But I don't go chasing the last dollar," Schott said. "I have an obligation to the contract."
The deal with Wolff, which has been reported to be for about $175 million, is on track to be approved by opening day. It will be finalized once the team's lease at the Coliseum is transferred and baseball's owners approve the purchase.
"There will be no hurdles to the transfer," said Bob DuPuy, baseball's chief operating officer. That leaves Jackson out. Jackson, who began his Hall of Fame career with the A's and won three World Series titles and an MVP with the team, held frequent talks with commissioner Bud Selig and DuPuy beginning early last year about his desire to get involved with ownership.
"Oakland was a perfect fit," said Brian Shapiro, one of Jackson's three partners who tried to buy the team. "He would have been the best owner baseball ever saw. He would be the first guy who had ever done it on the field and done it on a higher level."
Angels owner Arte Moreno is the only minority to have a controlling stake in a major league team.