The team recently made the announcement at a news conference.
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Oakland native, and former Raider and NFL star Marshawn Lynch will be a co-owner of the Oakland Panthers of the Indoor Football league.
At the news conference he talked briefly about the current climate of Oakland sports with the Raiders inevitably heading to Vegas and the Warriors now in San Francisco.
"We're losing a lot," he said. "This opportunity gives us something to rally around as a community."
Marshawn Lynch says indoor football team gives Oakland 'something to rally around'
The team will begin playing in March at the Oakland Arena, formerly Oracle Arena.
They will play a 14-game regular-season schedule.
Piedmont High's former coach Kurt Bryan will be the head coach.