The A’s have agreed to sell their share of the Coliseum Complex to the African American Sports and Entertainment Group, which recently purchased the City of Oakland’s share for $105 million.

The deal announced Monday finalizes a new path for the Coliseum Complex.

In a joint statement, both sides said the A’s will their interest for $125 million.

Alameda County supervisors must ultimately sign off on the deal.

Oakland Mayor Sheng Thao released the following statement on Monday:

“This is another incredibly exciting day. When we agreed on our terms with AASEG for the City’s half of the Coliseum site, we knew this was right around the corner. Having one entity control the entire Coliseum site will fast track much-needed and deeply deserved development in East Oakland. I applaud the A’s for doing the right thing and coming to their own terms with AASEG for the County’s half of the land. Again, this isn’t a short-term solution. This is a multi-billion-dollar development that is going to deliver affordable housing, jobs, business opportunities, community benefits and tax revenue for decades to come.”