San Jose Earthquakes, Heath Freeman, John Fisher and Major League Soccer
13 November 2026
San Jose Earthquakes have announced that investor Heath Freeman will acquire the Major League Soccer club and PayPal Park from longtime owner John Fisher. The transaction reportedly values the business at $625 million and has received unanimous league ownership approval.
Freeman, a co-founder of Alden Global Capital, will take control once the transaction closes in the coming weeks. He pledged investment in the team and stronger community ties. Fisher has owned the franchise since its 2007 expansion return.
Why It Matters
The proposed change of ownership brings new capital and strategic direction to an MLS franchise whose reported valuation reaches $625 million.