Athletics baseball team to relocate to Las Vegas

Oakland Athletics have reached a deal to acquire land near the Las Vegas Strip.

The team hopes to play games in a new, billion-dollar retractable roof stadium on the site by 2027.

The agreement on the 49-acre site will end years of tense negotiations for a new stadium in the Bay Area.

The team said it needed a new stadium to remain financially viable and competitive with its peers in Major League Baseball.

This would be the first relocation of a major league franchise in two decades.

The team's president, Dave Kaval, confirmed the agreement to The Las Vegas Review-Journal.

The team spent almost two years working in Las Vegas to determine a location for a long-term home.

The acquisition of the site is a big milestone for the team.

The team plans to finance the stadium with private funds.

The move is subject to approval by Major League Baseball.