The picture cleared somewhat as it appeared that a group led by Oakland industrialist Ted Harrer was putting together a consortium of up to 20 people to finance a team that would play in the East Bay from the start. Harrer was confident that he could work out a deal with the University of California to use their stadium for the 1960 season. His goal in putting together the consortium was to raise $500,000 to cover the initial costs of running a team, but that none of the money was to be used for stadium construction.