John Fisher (businessman)

Last updated

John Fisher
Born
John Joseph Fisher

(1961-06-01) June 1, 1961 (age 63)
San Francisco, California, U.S.
Alma mater Princeton University (BA)
Stanford University (MBA)
Known forOwner of the Athletics and San Jose Earthquakes
Political party Republican
SpouseLaura Meier Fisher
Parent(s) Donald Fisher
Doris F. Fisher
Family Robert J. Fisher (brother)
William S. Fisher (brother)

John Joseph Fisher (born June 1, 1961) is an American businessman. He is the principal owner of the Athletics of Major League Baseball, the San Jose Earthquakes of Major League Soccer, and the Texas Rattlers of the Professional Bull Riders organization.

Contents

Fisher is the son of Gap founders Donald Fisher and Doris F. Fisher, inheriting his fortune from them, and amassing an estimated net worth of $3 billion. [1] Along with his father, he was a part-owner of the San Francisco Giants, purchasing a stake in the team in 1992 as part of an investment group that prevented the team from relocating to the Tampa Bay area. [2] [3] In 2005, Fisher sold his stake in the Giants to buy the Oakland Athletics. His ownership of the team has been regarded as one of the worst in sports, as it is believed that he deliberately tanked the Athletics to kill fan interest in Oakland in order to make a move to Las Vegas much easier. [4] [5] [6] [7] [8] [9] [10] [11] Under Fisher, the team will relocate from Oakland to Las Vegas after an agreement where Nevada provides $380 million in taxpayer money towards a new stadium for the team. [12]

Family and early life

Fisher is the son of Doris Feigenbaum Fisher and Don Fisher, the co-founders of Gap, and inherited his fortune from them. [1] [13] His family, which is Jewish, [14] also includes two brothers: Robert J. Fisher and William S. Fisher. John is married to Laura Meier Fisher. [15] [16]

Fisher attended Phillips Exeter Academy and Princeton University, and graduated with an A.B. in history in 1983 after completing a 279-page-long senior thesis titled "Echoes of the Holocaust: Survivors in America Speak Out." [17] He then attended graduate school at Stanford University School of Business, where he earned a master's degree in Business Administration. [1]

Career

Oakland Athletics Fans wearing fan-made green "SELL" t-shirts protest against Fisher's proposed relocation of the team to Las Vegas Fans protest John Fisher's move to Las Vegas.png
Oakland Athletics Fans wearing fan-made green "SELL" t-shirts protest against Fisher's proposed relocation of the team to Las Vegas

After graduate school, he took a job for a real estate company that did business with his parents' company, the Gap. The business was not successful and he became president of Pisces, the Fisher family's investment management company. [18]

In 1992, John purchased a stake in the San Francisco Giants with his father, as part of a locally formed investment group's effort to prevent the franchise from relocating to the Tampa Bay area. [2] His father's memoir describes John as having been anxious about rumors in the early 1990s that the Giants could move to Florida. He told his father: "I think we ought to try to put a deal together to keep the Giants here. Warren Hellman's interested in it, and so is Walter Shorenstein. We should be interested". The investment group's effort was ultimately successful and the Giants stayed in San Francisco, opening a new bayfront ballpark in 2000 (now known as Oracle Park). Fisher retained a small ownership stake in the Giants "so he could continue to monitor its financials", according to his father, until 2005, when he was required to sell it upon becoming the owner of the Oakland Athletics. [3]

He established a relationship with Lewis Wolff to jointly purchase several Fairmont hotels in San Francisco, which led to his investment in the Oakland Athletics of Major League Baseball. [18] He also has stakes in the San Jose Earthquakes of Major League Soccer and Celtic, which competes in the Scottish Premiership. [18]

Athletics ownership

Fisher has been the majority owner of the Athletics when he and Wolff closed on their joint purchase of the team in 2005, and is now also the managing general partner. In November 2016, Wolff sold his 10% share [19] in the Athletics to Fisher, giving him full ownership of the team.

In April 2023, the Oakland Athletics announced a plan to build a new stadium on the Las Vegas Strip at the site of the former Wild Wild West Gambling Hall & Hotel casino near Interstate 15, near T-Mobile Arena, while also ending negotiations with the City of Oakland. [20] After this, in a June 13 game against the Tampa Bay Rays, the crowd of 27,759 protested the relocation in an organized "reverse boycott" by wearing green "Sell" shirts, holding signs, and chanting "Sell the team!" during the game. [21]

On September 26, 2024, at the end of the A's final game in Oakland, a giant collective chant of "Fuck John Fisher" broke out in the Oakland Coliseum. [22] Fisher was not in attendance, and had not been to a game at the Coliseum for nearly two full seasons. [23]

Political views

After college, Fisher worked in the mailroom at the Republican National Committee and as a fundraiser for then-president Ronald Reagan and Vice President George H. W. Bush. [18]

In 2019, it was revealed that Fisher, with his mother Doris F. Fisher and brothers William S. Fisher and Robert J. Fisher, had donated nearly $9 million to a political action committee that opposed Barack Obama in the 2012 election. [24] He has donated to Ohio rep. Mike Carey, a longtime coal lobbyist and supporter of President Donald Trump. [25] [26] In 2023, Fisher endorsed Republican Party candidate Doug Burgum for the 2024 US presidential election, having donated the maximum legal amount to Burgum's campaign. [27] [28]

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References

  1. 1 2 3 "John Fisher". Forbes. Retrieved September 29, 2024.
  2. 1 2 admin. "San Francisco Giants team ownership history – Society for American Baseball Research".
  3. 1 2 Wallack, Todd (March 31, 2005). "A's NEW ERA / JOHN FISHER / Son of Gap founder is the money..." SFGATE.
  4. ↑ "Today, John Fisher violated the social contract of sports ownership, and sealed himself as the worst of all time in the Bay". www.knbr.com. Retrieved October 17, 2024.
  5. ↑ "Heard on ESPN: 'John Fisher is the Worst Owner in Sports'". Oakland Athletics On SI. February 8, 2024. Retrieved October 17, 2024.
  6. ↑ "Clendaniel: Oakland A's John Fisher: the worst owner in MLB history?". The Mercury News. August 5, 2023. Retrieved October 17, 2024.
  7. ↑ "John Fisher goes to worst lengths possible to make A's fans miserable one last time". FanSided. July 26, 2024. Retrieved October 17, 2024.
  8. ↑ "Owner's moves embarrassing baseball | Arkansas Democrat Gazette". www.arkansasonline.com. May 13, 2024. Retrieved October 17, 2024.
  9. ↑ Dante. "During The MLB All-Star Break, Bryce Harper And Ballplayers From Around The League Took The Time To Rip The Worst Owner In Sports, Oakland's John Fisher, And His Plan To Move The A's To Las Vegas, Predicting It's "Going To Be A Disaster"". www.barstoolsports.com. Retrieved October 17, 2024.
  10. ↑ "Ventura County Star Subscription Offers, Specials, and Discounts". subscribe.vcstar.com. Retrieved October 17, 2024.
  11. ↑ "Clendaniel: Oakland A's John Fisher: the worst owner in MLB history?". East Bay Times. August 5, 2023. Retrieved October 17, 2024.
  12. ↑ "A's owner tells Oakland fans he's 'genuinely sorry' ahead of final Coliseum games". Las Vegas Review-Journal. September 23, 2024.
  13. ↑ "John J Fisher, The World's Richest People - Forbes.com". images.forbes.com.
  14. ↑ Palevsky, Stacey (October 1, 2009). "Gap Founder Donald Fisher Leaves Stamp on Community". J. J. The Jewish News of Northern California.
  15. ↑ Princeton University news: "Fisher family funds dormitory for Princeton's Whitman College" by Ruth Stevens June 12, 2006
  16. ↑ Stanford University Bulletin: "Laura Fisher" Archived July 6, 2013, at the Wayback Machine retrieved July 29, 2013
  17. ↑ Fisher, John Joseph (1983). "Echoes of the Holocaust: Survivors in America Speak Out". Princeton University .
  18. 1 2 3 4 San Francisco Gate: "A's NEW ERA / JOHN FISHER / Son of Gap founder is the money behind the deal" by Todd Wallack March 31, 2005
  19. ↑ Ozanian, Mike (November 18, 2016). "Fisher Family Buys Remaining Stake Of Oakland Athletics From Wolff". Forbes. Retrieved February 11, 2018.
  20. ↑ "A's turned down $1 plot in resort corridor before settling on site for $1.5B Vegas stadium". The Nevada Independent. April 27, 2023. Retrieved May 26, 2023.
  21. ↑ "Some 27,759 A's fans join at Oakland Coliseum for 'Reverse Boycott'". June 14, 2023.
  22. ↑ Meline, Gabe (September 27, 2024). "Songs Played at the A's Last Game: An Oakland Coliseum Soundtrack | KQED". www.kqed.org. Retrieved October 17, 2024.
  23. ↑ "Keown: The joy, sorrow and celebration of the final A's game in Oakland". ESPN.com. September 27, 2024. Retrieved November 5, 2024.
  24. ↑ Tindera, Michela (October 26, 2019). "At Least 20 Billionaires Behind 'Dark Money' Group That Opposed Obama". Forbes. Retrieved October 30, 2019.
  25. ↑ A 501tax-exempt; Street, charitable organization 1100 13th; NW; Washington, Suite 800; Dc 20005857-0044 (October 28, 2019). "GOP heavy hitters, Trump cabinet members revealed as donors to anti-Obama 'dark money' group". OpenSecrets News. Retrieved June 14, 2023.{{cite web}}: CS1 maint: numeric names: authors list (link)
  26. ↑ Carey, Mike. "I completely endorse President Trump!". Twitter. Retrieved October 26, 2024.
  27. ↑ Novak, Chris (July 17, 2023). "Athletics owner John Fisher endorses anti-transgender GOP presidential candidate". The Comeback.
  28. ↑ Weisman, Jonathan; Corasaniti, Nick (June 7, 2023). "Doug Burgum, wealthy North Dakota governor, enters presidential race". The Boston Globe.
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