San Francisco Giants Sell 10% Stake to Sixth Street Partners

The San Francisco Giants have sold about a 10% stake in the franchise to Sixth Street Partners, joining the list of sports teams that have sold a significant stake to private equity.

Outside of the Giants, Sixth Street is the lead investor in Bay FC, a pro women’s soccer team in the NWSL, and has a 20% stake in the NBA’s San Antonio Spurs. It also has investments linked to Spanish footballing giants Real Madrid and FC Barcelona.

Private equity firms have been piling into sports teams over recent years, after leagues have relaxed rules on who ...