Heath Freeman has agreed to purchase the San Jose Earthquakes and PayPal Park from John Fisher for $625 million, completing a sales process that started in June 2025.
Squads Focus on Upcoming Series Against Houston Dynamo FC
- Playoff Focus: With Game 1 of the Round 1 series against Houston Dynamo FC scheduled for November 24 at PayPal Park, squad concentration remains locked on the pitch despite boardroom shifts.
Boardroom Transition at PayPal Park
The MLS board of governors unanimously approved the ownership transfer on Thursday, according to ESPN, setting up a closing timeline in the coming weeks. Investment bank Moelis facilitated the transaction for the franchise.
“My family and I are honored and humbled to be the next generation owners of the San Jose Earthquakes,” Freeman said. “I would like to thank John Fisher and the Fisher family for their confidence in me. I know how much they love this team and we expect to continue making them proud in this new era of the Quakes.”
On-Field Ambitions and Playoff Realities
Fisher owned the club since 2007, when he and Lew Wolff purchased an expansion team to replace the side that relocated to Houston after the 2005 season. During that tenure, the team reached the postseason four times in the past 11 seasons and won the 2012 Supporters’ Shield.
“Our vision is simple – winning on and off the field for San Jose and the entire region,” Freeman said. “The Bay Area is home to some of the world’s great institutions, sports franchises and leaders. The standard has been set.”
Under manager Bruce Arena, the squad secured a playoff berth and prepares to host Game 1 of their best-of-three series against Houston Dynamo FC on November 24 at PayPal Park.
Heath Freeman Acquires San Jose Earthquakes for $625 Million
| Metric / Detail | San Jose Earthquakes Transaction |
|---|---|
| Enterprise Value | $625 Million |
| Previous Owner | John Fisher (Since 2007) |
| New Owner | Heath Freeman |
| Home Venue | PayPal Park |
“My family and I have loved owning this club for almost 20 years and we are extremely grateful for the support of our amazing fans as well as the hard work of all our coaches, players and staff,” Fisher said.
MLS commissioner Don Garber addressed the transition following the board’s approval.
“I want to thank John Fisher and his family for their nearly two decades of commitment to the San Jose Earthquakes, Major League Soccer and the Bay Area soccer community,” said Don Garber, MLS commissioner.
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