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San Francisco Giants sell 10% stake to private equity firm – Marketplace

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San Francisco Giants sell 10% stake to private equity firm – Marketplace


Baseball’s San Francisco Giants are selling a 10% ownership stake to a private equity firm — joining a growing trend in American sports. The firm in question is San Francisco-based Sixth Street. All major sports leagues in the U.S. now allow those firms to invest in their teams, according to the New York Times.

Historically, major sports teams in the U.S. have each been owned by one really rich person or family and the only way for them to cash in on their investment has been to sell the whole team. 

But as the value of sports teams has risen, owners have realized that selling off part of their stake in a team “is a way for existing owners to capitalize on the rising valuations of their clubs,” said Tim Koba, an assistant professor in sport, event and hospitality management at High Point University.

Right now, private equity firms are willing buyers.

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“Essentially, they’re buying into people’s passions,” said Stefan Szymanski, a professor of sports management at the University of Michigan. 

Because fans are so passionate about their teams, they’re willing to sink a lot of money into watching and supporting them.

And private equity, Szymanski noted, sees a revenue opportunity. “What they’re trying to do is trying ways to extract more of the financial value of that happiness from the fans.”

By raising ticket prices, he said, or finding new ways to reach — and charge — fans through digital channels.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

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Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  



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Retired San Francisco firefighter dies from lung cancer after Blue Shield denies treatment claims

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Retired San Francisco firefighter dies from lung cancer after Blue Shield denies treatment claims


SAN FRANCISCO (KGO) — The retired San Francisco firefighter at the center of a bitter insurance fight has lost his battle against cancer.

Ken Jones passed away Saturday, 14 months after being diagnosed with stage four lung cancer.

PREVIOUS REPORT: City asked to intervene after SF firefighter’s stage 4 lung cancer treatment denied by Blue Shield

We first told you about Jones in January — when the 17-year veteran and supporters asked the City Commission for help.

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The Fire Department’s insurance carrier, Blue Shield, denied coverage for some of his recommended treatments.

Ken Jones was 70 years old.

SF firefighters rally for retiree denied cancer treatment by Blue Shield as more come forward

“After we got some publicity, thank you, a Blue Shield physician reached out to Ken’s physician, and they worked out a different plan that Blue Shield would cover. It’s still an incomplete plan,” said Helen Horvath, Jones’ wife when ABC7 Eyewitness News spoke to her in January, 2026.

Since then, Jones’ story has led to an investigation into other cases, with the city’s mayor vowing to support firefighters.

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According to San Francisco’s Health Service Board, about 5,000 city employees and retirees are insured by Blue Shield. Now, city leaders are asking anyone who has been denied cancer treatment to speak up.

Tony Stefani with the Cancer Prevention Foundation said firefighters with a cancer diagnosis have a 14% higher chance of dying than other cancer patients in the general population.

“Current statistics tell us that 65% of the men and women in our profession are going to contract some form of cancer in their lifetime. Some of them will be fatal,” Stefani said.

In a Statement Blue Shield said, in part: “For Medicare members, health plans must follow medical policy established by the Centers for Medicare and Medicaid Services (CMS).”


Copyright © 2026 KGO-TV. All Rights Reserved.

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What’s Worth More Than Cash in San Francisco Real Estate? Anthropic Stock

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What’s Worth More Than Cash in San Francisco Real Estate? Anthropic Stock


Few things are more valuable in the Bay Area than real estate. In San Francisco, the median house price is now over $2 million. Last month, at least seven houses in the city sold for $1 million over the asking price, and buyers regularly offer to pay in cash or waive contingencies to stay competitive. Yet there is one thing that remains even more valuable than a house, and possibly more valuable than money itself: stock in Anthropic or OpenAI.

Last week, 160 Noe Street, an Edwardian home in San Francisco’s desirable Duboce Triangle neighborhood, was listed for sale at $2.9 million—or the equivalent amount in Anthropic or OpenAI shares, as based on those companies’ current valuations. Rachel Swann, the listing agent, says she was inspired to set these unusual terms after meeting several Anthropic employees at an open house for a different property. “These people have a lot of paper wealth, but they don’t always have the liquidity to do things they want,” Swann says. Some of these employees were expecting to come into as much as $50 million from their Anthropic shares, and wondered if they could use that as leverage to buy a house, according to Swann. “This kept coming up over and over again.”

Swann’s listing is unconventional, but not singular. In April, an investment banker named Storm Duncan offered to exchange his Mill Valley home and an adjacent parcel of land for Anthropic shares. And in May, Vijay Chattha, who owns an agency that does PR for tech companies, listed his Healdsburg home for $2.5 million, or $2 million in Anthropic stock. “I want to sell my house, and I want to invest in Anthropic,” Chattha says. “Why not combine the two?

Chattha’s house—a three bed, three bath with a pool and a bocce court in a part of Sonoma County that abuts some of the region’s most famous wineries—also comes with coveted short-term rental status, allowing the owner to list it on platforms like Airbnb. Only a handful of properties in Healdsburg come with that status, and only about a dozen come up for sale in a given year.

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Chattha is offering a $500,000 discount to Anthropic employees because he believes the value of Anthropic shares will grow faster than any other investment, and his vacation home in wine country is the best bargaining chip he has to try to access them. “If you look at Anthropic’s growth last year, it’s insane,” he says, noting the $380 billion valuation the company claimed in February. “Now they’re raising at $965 billion. That’s three X in like three months.” He added that he was open to exchanging the house for shares in Anthropic, but not OpenAI, because he prefers using Anthropic’s products.

The real estate listings come at a time when investors are salivating at the record-high valuations of Anthropic and OpenAI, and even those considered wealthy by Bay Area standards are feeling FOMO about the affluence that could come from these companies’ debuts on the stock market. (On Monday, Anthropic submitted paperwork for its initial public offering; OpenAI is also reportedly preparing to file in the coming months.) Despite the unprecedented valuations of these companies, many people believe their stock prices will only go up, and that anyone who gets a piece now could win the jackpot.

People are clamoring to buy equity in OpenAI and Anthropic on the secondary market, leading to a frenzy of transactions that may or may not be legitimate. As a result, Anthropic updated its policy around “unauthorized Anthropic stock sales” this spring, which notes that “if someone purports to sell Anthropic shares without proper board approval, that transaction is invalid.” A spokesperson for Anthropic pointed back to this policy when asked about the possibility of exchanging company shares for real estate.



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Live Updates: San Francisco Primary Election 2026

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Live Updates: San Francisco Primary Election 2026


Welcome to our running tally of Election Night results. Or, as this is California, well beyond tonight, as results continue to trickle in.

The first batch of results should arrive at 8:45 p.m., with three more to follow tonight. The Department of Elections has the breakdown.

San Francisco is voting in three special elections, for District 2 and District 4 supervisors and for a Board of Education member. Both supervisor races are referendums on housing, especially District 2, while the main backdrop of the D4 race is all the hot feelings around the fate of the Sunset Dunes Park (nee Great Highway).

The winners of all three special races will have to compete again in November for their seats.

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Keeping it local, SF is also voting on four ballot measures. Prop A is for a bond to pay for an emergency water-system. B is for term limits. C and D are dueling measures related to the “overpaid CEO” tax. (Links go to our reporting on each race or issue; or click here for our Election 2026 page.)

Vote local, think national: Which two candidates will advance to the November election to replace Nancy Pelosi?

Statewide races include the primaries for governor, education superintendent, lieutenant governor, and much more.

Polls close soon. If you haven’t voted yet, find your polling station here.

Tuesday, June 2, 5:40 p.m.

Two and a half hours until our polls close. Before we go down the local rabbit hole, a reminder that other states have primary action today: New Jersey, Iowa, New Mexico, South Dakota, and Montana.

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Why does it take so long to get results in California? CalMatters has you covered on that story. We shouldn’t expect a call tonight on the governor’s race.

The last big election was November 5, 2024. (Remember?) Ten days later, there were still races to call in San Francisco.


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So if you’re waiting for the pundits (and maybe even us) to tell you What It All Means, you might have to wait a while.



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