Saturday, June 11, 2011
...AEG
AEG has been leading the way when it comes to bringing a NFL team back to Los Angeles. They already have, somehow, secured the naming rights to a stadium that has yet to be built nor have they purchased land for it. That has not stopped them from talking to teams though. As AEG owner Philip Anschutz said in an interview with the Orange County Register, "St. Louis, Jacksonville, not extensively, certainly Oakland, San Diego, Minnesota are still in the mix. We're not packing any [moving] vans right now." Oddly enough though it will cost them $1.35 billion, at this point in time, to build a stadium, but AEG is also committing to write checks to cover any bridge between a debt on stadium bonds and revenue created. They may have the upper hand. Whenever the current NFL lockout end the bill for that will fall in the lap of Roger Goodell. The best way for him to save his money would be to facilitate the sale of a team, or the expansion of the league, and the fees those moves generally put in the pockets of all owners. So it will basically be like buying a house when the market is down in your dream neighborhood because the owners were forced to sell...something like that. Either way it seems like AEG is going to get a team within the next 3 years which kind of sucks for me because I wanted to own a NFL team and move them to L.A. but this does mean I do not have to pay those crazy Cali taxes and I could buy any other team, except for the Packers, for a lot less. I am giving AEG a Digit Up, though this could backfire on them 10 years down the road.
Labels:
AEG,
Football,
Los Angeles,
NFL
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