They haven’t really lost ALL their teams… the Warriors remained in the Bay Area, they just moved to a new arena in San Francisco instead of Oakland.
But a big issue was the Oakland Coliseum and how terrible it was, and the inability to get new stadiums built for the Raiders or A’s. Local residents, rightfully so, didn’t want to subsidize new stadiums for the teams at a level that ownership wanted. And the owners found more lucrative opportunities in Las Vegas for their teams.
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