John Fisher, owner of the San Jose Earthquakes, is looking to sell a controlling share of the Major League Soccer team, having engaged investment bank Moelis & Co. Reports suggest the announcement may come imminently. The club's valuation varies, with Sportico estimating it at $600 million and Forbes at $540 million. Fisher has also been occupied with plans for relocating the Oakland Athletics to Las Vegas, highlighting the shifting landscape of sports ownership in Northern California, particularly as the Quakes have made notable roster changes recently.
"Fisher has hired investment bank Moelis & Co. to help him sell a controlling share of the Major League Soccer club."
"Sportico valued the club at $600 million in January, 20th in MLS, while Forbes valued the Quakes at $540 million, 22nd in the 30-team league."
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