The Oakland Athletics have submitted their application for relocation to Major League Baseball, owner John Fisher revealed on Thursday.

The fate of the team now resides in the hands of MLB's owners.

MLB's three-man relocation committee, consisting of Kansas City Royals chief executive officer John Sherman, Philadelphia Phillies CEO John Middleton and Milwaukee Brewers chairman Mark Attanasio, will review the application and make a recommendation to commissioner Rob Manfred and MLB's eight-man executive council. Ultimate approval requires a three-quarters vote of the 30 team owners.

Fisher, in his first national interview since purchasing the A's in 2005, attributed the decision to move the franchise to a number of factors -- primarily, the inability of the city of Oakland to make good on its promise to provide public funding for the offsite infrastructure at Howard Terminal, a $12 billion, 55-acre waterfront ballpark/real estate project.

"In the end, we concluded that the city had not raised sufficient money to cover the commitments it made," Fisher said. "We also had a deadline imposed by the collective bargaining agreement from a year and a half ago that required the A's have a binding agreement on a new stadium by January of 2024 or we would lose our revenue sharing, which would be hugely detrimental to the organization."