Quote:
Originally Posted by Leo the Dog
Just saw on today on nbc's football night in America that LA city council voted 9-0 in favor of a 75,000 seat football stadium in LA. Front runners being SD, Oakland, St. Louis. Construction could start in 2013, completion by 2016 season.
|
This is a non story Leo. Of course the City Council was going to approve it. They weren't approving any public money. Whoever buys AEG has to pay Anschutz, spend 1.5 to 2 billion to demolish the convention center and build the stadium. Buy 40 to 50% of an NFL team and possibly pay a relocation fee or some other kind of franchise fee. So this is far from a done deal and we don't even know if AEG is going to sell maybe no one will be willing to meet Anschutz's asking price.
Mark Davis is going to sell his share in the Raiders, the Davis family has all of its wealth tied up in the franchise they own. Show me one other owner of a pro sports team in the same situation? There is none because they all were rich from some other business interest before they bought a team. The Davis family will only be mega wealthy once they sell their only asset (the Raiders).