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Today’s edition · Sat., Nov. 14

San Jose Earthquakes agree to sell club to Heath Freeman

Plus, a nationwide ground stop hit San José Mineta and BART's budget target is in doubt

The SJtoday team1 story18 sources5 min read

SportsTop story

The San Jose Earthquakes have a new owner coming: Heath Freeman will buy the club and PayPal Park

Fisher agreed to sell the Quakes he has owned since 2007

  1. 2007Fisher and Lew Wolff bring the Earthquakes back after a two-year hiatus.
  2. 2012The Quakes win the Supporters' Shield.
  3. 2015 opens as a privately funded, 18,000-seat stadium.
  4. Nov. 13The Earthquakes announce Freeman will acquire the club and PayPal Park.
  5. Nov. 24The Quakes will host Houston Dynamo FC in Game 1 of a best-of-3 series.

Sources: The San Francisco Standard, San Jose Earthquakes

If you follow the Quakes, the club is changing hands. The team announced Friday that Heath Freeman will acquire it and from John Fisher and Partners, and MLS' Board of Governors unanimously approved the transfer. SFGATE also reported the sale.

The club didn't disclose financial terms. Sources confirmed to The San Francisco Standard that Freeman will pay approximately $625 million. KRON4 noted that Fisher's group also owns the Athletics.

  • Closing: expected in the coming weeks
  • Freeman's day job: president of Alden Global Capital since 2014
  • Ownership: the club says Freeman, not Alden, will own the Quakes
  • Also: vice chairman of MNG, which manages the San Jose Mercury News

$625 millionapproximate price Freeman will pay, per sources

The Earthquakes did not disclose financial terms. Fisher and Lew Wolff paid a $20 million expansion fee to reestablish the club.

Sources: The San Francisco Standard, San Jose Earthquakes

“Our vision is simple – winning on and off the field for San Jose and the entire region.”

Heath Freeman, in the team's announcement

The Quakes finished ninth this season, and according to Spotrac, they haven't had a payroll in the top half of MLS in 10 years.

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News Notes

Flights

If you were flying out of San José Mineta on Friday, the FAA's nationwide ground stop kept departures on the ground, citing "extraordinary circumstances and for reasons of safety." The Sharks' trip to play the Utah Mammoth was halted by the order. NBC Bay Area reports the ground stop has been lifted, and says it was the first nationwide ground stop since January 2023. If your flight was cancelled or delayed, KQED explains your refund and rebooking rights. KQEDKQEDNBC Bay AreaSharks Hockey Digest

BART

officials said this week the Silicon Valley BART extension is not on course to meet its budget targets. The cost increases make it unlikely VTA can deliver the four-station extension under its $12.7 billion target, and backers are considering major revisions. San José Spotlight

Flooding

A UC Davis Road Ecology Center report lists Alviso among California communities at high risk of coastal flooding this winter. It found could compound sea level rise and make the marshlands around the southern end of San Francisco Bay spill into nearby neighborhoods. San Jose's emergency declaration aligns with Gov. Gavin Newsom's statewide proclamation from September, and the local declaration will streamline various city procedures. NOAA predicts an 83% chance the 2026 El Niño will be classified as very strong. San José SpotlightSFGATEThe Santa Clara

Housing

Buying a home in the San Jose-Sunnyvale-Santa Clara metro area with a new mortgage would mean an estimated $7,039 a month, a Realtor.com report says, based on September's median listing price of $1.39 million. A typical mortgage holder there pays $2,659 a month in principal and interest. The Almanac

A new mortgage would run $4,380 a month more than a typical one

Source: The Almanac

View as table
Value
Typical current mortgage$2,659
New mortgage at September's median price$7,039

Sea Lions

The PWHL unveiled the San Jose Sea Lions on Nov. 10 as one of four new expansion teams set to debut with the 2026-27 season. It's California's first PWHL team. El Observador

Featured Deal

Every week, lululemon adds new markdowns to its We Made Too Much section. Read: Deals, on deals, on deals. This week, we’re eyeing $30+ off this cozy funnel-neck half-zip and major savings on these buttery-soft joggers in colors like Walnut Crunch, Lotus Lavender, and Willow Leaf.

Trending

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Job

You have job openings; our job is filling them. List your available positions with our Self-Service Ad Portal and connect with top talent citywide. Submit here in seconds.

Content marked with an * is advertising.

Around California

Caltrain

The state is awarding $100 million for pre-construction work on , Caltrain's downtown San Francisco extension, and committing another $650 million over multiple years. It's part of nearly $1.3 billion in transportation awards covering 19 projects that Gov. Gavin Newsom announced Nov. 10. SFist

The state is putting $750 million toward Caltrain's downtown extension

$100 million
for The Portal's pre-construction work
$650 million
in a multiyear funding agreement
19
projects in the state's latest transportation awards

Source: SFist

Great America

California's Great America in Santa Clara will permanently close after its 2027 season, Six Flags Entertainment Corporation announced Nov. 6. The Bay Area park has entertained generations of families for more than 50 years. California Patch

Asked

Tap an answer to see how San Jose answered.

Asked

How ready are you for a wet winter?

Today’s puzzles

A new puzzle in each one every morning, played right here.

All 39 games

Quoted

The only real mistake is the one from which we learn nothing.

— John Powell

Things to Do

Things to Do

San Jose, CA

Saturday, Nov. 14

See every San Jose eventFeature your event

Jobs

Jobs

See all Job listingsAdvertise your listing on our Jobs Board

The Buy

The Wrap

Over 30 artists are opening their studios at The Alameda Artworks for a Fall Open Studio today and Sunday, Nov. 15. It's free, and you can wander in, chat with the people who made the work, and maybe go home with a piece. Art talk, no velvet ropes.

Missed yesterday’s newsletter? San Jose leaders want to pause data center approvals

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Every source in this edition18 links · 15 outlets
  1. The Weather Channelweather.com
  2. The San Francisco Standardsfstandard.com
  3. SFGATEsfgate.com
  4. San Jose Earthquakessjearthquakes.com
  5. KRON4kron4.com
  6. KQEDkqed.org
  7. KQEDkqed.org
  8. NBC Bay Areanbcbayarea.com
  9. Sharks Hockey Digestsharkshockeydigest.com
  10. San José Spotlightsanjosespotlight.com
  11. San José Spotlightsanjosespotlight.com
  12. SFGATEsfgate.com
  13. The Santa Clarathesantaclara.org
  14. The Almanacalmanacnews.com
  15. El Observadorel-observador.com
  16. SFistsfist.com
  17. California Patchpatch.com
  18. San Jose events calendarsjtoday.5amcity.com

Past issues

  1. Fri., Nov. 13San Jose leaders want to pause data center approvals
  2. Thurs., Nov. 12Askarov's shootout record, plus the 49ers' new receiver
  3. Wed., Nov. 11Great America will close after a 2027 Farewell Season
  4. Tues., Nov. 1049ers beat the Raiders 38-17 as Great America sets its final season
  5. Mon., Nov. 9Great America will close for good after Labor Day 2027
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SJtodayto me · Sat., Nov. 146:00 a.m.

San Jose Earthquakes agree to sell club to Heath Freeman

Plus, a nationwide ground stop hit San José Mineta and BART's budget target is in doubt

The TLDR

  1. Earthquakes agree to sell the club and PayPal Park to Heath Freeman
  2. FAA ground stop halted departures at San José Mineta
  3. VTA says the BART extension is unlikely to meet its $12.7 billion target
Read this edition

More stories this week

From SJtoday’s other editions

All the news
City HallMayor Mahan wants San Jose to pause data center approvals until new rules passMayor Matt Mahan and Councilmembers Pamela Campos, David Cohen, Peter Ortiz, and Domingo Candelas announced a proposal Thursday to halt land use approvals for data centers until the City Council votes on uniform standards Dec. 8. It follows San José Spotlight's report that Google's Alviso project at 5087 Disk Drive could be approved first. KQED says the full council would consider the pause Tuesday.Friday’s editionRead TransitThe BART extension finishes a tunnel launch shaft, and VTA warns costs are risingCrews finished excavating and reinforcing an 83-foot-deep launch shaft near PayPal Park, the starting point for the machine that will dig the 5-mile tunnel. The extension will add four stations: three in San Jose and one in Santa Clara. VTA's Tom Maguire says you can now stand at the bottom of the shaft and "really imagine what it's going to be like."Friday’s editionRead SharksSharks goalie Yaroslav Askarov stopped all eight shootout shots for a franchise recordIf you missed Monday's game at SAP Center, here's the headline. Yaroslav Askarov stopped all eight Islanders shootout attempts in a 3-2 win, the most shootout saves without a goal in Sharks history. The old mark was 7 of 7 by Martin Jones on Nov. 19, 2019.Thursday’s editionRead

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From ABC7 Bay Area, Mountain View Voice and 4 more newsrooms, gathered by 6AM News, 6AM City’s local news service.

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  1. ABC7 Bay Area2 hours ago

    San Jose Earthquakes, PayPal Park sale to Heath Freeman valued at $625 million: sources

    The San Jose Earthquakes announced that Alden Global Capital co-founder Heath Freeman will acquire the team, as well as the club's home venue, PayPal Park, from John Fisher.

  2. Mountain View Voice3 hours ago

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    A plaque at a booth in a San Jose Denny's commemorating the spot where former CEO Jensen Huang came up with the concept for Nvidia has been reinstalled after it was briefly removed earlier this week. Huang is currently embroiled in bombshell revelations involving romantic trysts and foreign spies.

    Also reported byNBC Bay Area

  5. San Jose Hockey Now3 hours ago

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