SAN FRANCISCO — Major League Baseball’s San Francisco Giants announced Tuesday that they have purchased the home of the San Francisco-based team for $1.8 million.
The deal is expected to be completed in the first half of 2021.
The team, which is in its first season in the Pacific Coast League, is also planning to expand into new territory, which would include a new park in downtown San Francisco, said the team’s general manager, Tom Tango.
The Giants have spent the last five seasons playing in Oakland, a city that is a popular destination for visiting fans from the East Coast and elsewhere in the world.
The new digs will be the team headquarters, the stadium and the clubhouse.
The Giants played in the new digs in 2019, but were sold to a Chinese consortium last year for $4.2 million.
Tango said the purchase is in line with the Giants’ goal of moving away from a traditional downtown location.
The team was moving into a new, smaller building, with more office space, so it was a logical next step, he said.
The new digs include a large clubhouse with about 1,000 seats, with two suites, three suites and an intimate club, Tango said.
They are being built on the site of the old team headquarters and will include a parking garage.
The ballpark will also feature a new dugout for the team.
The clubhouse, which will be built on an existing site, will feature a small video board and a concession stand.
The stadium will feature an upgraded scoreboard and retractable roof, Tingle said.
The park will include new scoreboard and seating.
The deal comes after San Francisco lost its only American League West-leading team, the Los Angeles Dodgers, to San Diego in the 2017 season.
The Dodgers went on to lose the World Series to the Kansas City Royals in six games.
The San Francisco team was one of the few American League teams to not play in the United States in the 1920s, when it was known as the United Negro League.
The club was eventually disbanded in 1929.