John Fisher, owner of the San Jose Earthquakes, has confirmed the sale of the team, hiring an investment bank to oversee the process. MLS commissioner Don Garber acknowledged the Fisher family's contributions, highlighting investments in top-notch facilities like PayPal Park and the development of a youth academy. Fisher, who may use proceeds from the sale for his Oakland Athletics relocation efforts to Las Vegas, expressed pride in the team's role in promoting soccer in Silicon Valley. The Earthquakes are valued at $540 million, compared to Fisher's original $20 million investment in 2007.
"Under their leadership, the club invested in world-class facilities like PayPal Park, built a highly respected youth academy and helped grow the game in one of the nation's most dynamic markets."
"The San Jose Earthquakes and PayPal Park have been an important part of our lives for nearly two decades. We are proud of the role the Quakes have played in the growth of soccer throughout Silicon Valley."
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