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The Sporting Page

Business of Sports · SOCCER

Heath Freeman Agrees to Buy San Jose Earthquakes and PayPal Park

MLS owners unanimously approved the transfer of the club and stadium.

By TSP Staff
San Jose and Real Salt Lake players challenge for the ball at PayPal Park.
The San Jose Earthquakes play Real Salt Lake at PayPal Park on Oct. 31, 2026. · Credit: Gustavo Medeiros/Medeiros Press via LA Momentum

Heath Freeman agreed to buy the San Jose Earthquakes and PayPal Park from John Fisher and his partners, the MLS club announced Friday. The league’s Board of Governors unanimously approved the transfer.

The Earthquakes did not disclose financial terms. The San Francisco Chronicle reported a price of $625 million for the club and stadium. Freeman, a founder and president of Alden Global Capital, is buying the team in his own capacity, the Chronicle reported.

The club expects the sale to close in the coming weeks. Freeman will then become the principal owner and represent San Jose on the league’s board. Fisher and Lew Wolff took over in 2007 and brought the team back to MLS after a two-year absence.

Sources and notes

  1. Earthquakes ownership announcement | https://www.sjearthquakes.com/news/san-jose-earthquakes-announce-new-ownership
  2. San Francisco Chronicle reporting on the purchase price | https://www.sfchronicle.com/sports/article/john-fisher-agrees-sell-san-jose-earthquakes-22529737.php