Sharks Secure Their Future in San Jose!
SAN JOSE, Calif. – The San Jose City Council unanimously approved a historic agreement this Tuesday, ensuring the renovation of the Sharks’ stadium and the team’s stay in the city until the year 2051. This decision marks a significant milestone for fans and the community. Mayor Matt Mahan and the ten council members voted in favor of this agreement. The city’s commitment amounts to an investment of $325 million to modernize the SAP Center, a 32-year-old venue owned by the city. Team owner Hasso Plattner will contribute an additional $100 million. It is worth noting that Plattner has already invested more than $100 million in stadium improvements over the last decade.In addition, the Sharks and the city of San Jose will begin planning for a new stadium starting in September 2027. This project represents a commitment to the team’s future and the development of the area. The Sharks, who debuted as a franchise in 1991, settled into their arena in downtown San Jose in 1993. This renovation and the agreement to stay are excellent news for the team’s fans.The agreement includes a clause that will penalize the Sharks if they decide to leave the city before the contract expires on June 30, 2051.
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The Sharks have been proud to play in San José for over 30 years and we look forward to another 25 years. While we have consistently invested our own funds to maintain the city-owned SAP Center, and intend to continue doing so, this partnership with the city of San José will bring much-needed renovations and improvements for stadium guests, teams, and artists.
Jonathan Becher, Team President
