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AEG pulls out of L.A. stadium negotiations
donbauder, as of March 2, it was $1.3 billion. Today it is $1.26 billion. Forbes has this thing called "Real Tim" net worth, so maybe that means regular updating.— March 12, 2015 8:01 a.m.
AEG pulls out of L.A. stadium negotiations
The Jets moving to the Meadowlands was just a little different. In this case, IF Kronke builds his own stadium, any other team playing there would, for all practical purposes, be his tenant. The Meadowlands was owned by New Jersey Sports and Exposition Authority, so when the Jets moved there, that is to whom the rent was paid, not the Giants. I don't recall how much they paid in rent, but it was said to be less than they were paying at Shea, which was $560K per season. That's about $2.3 million in 2015 dollars. I don't see Kronke spending $1.5 Billion on a stadium and "renting" it out for $300k per game, especially when you consider the home gate alone on a 70K seat stadium,(the minimum the NFL would allow) would likely be in the neighborhood of at least $6 million. A "fair" rental rate would be a highly subjective decision. Something else to consider. The NFL covents Los Angeles. If a billionare owner is going to pay for for his own stadium to move his team into, the NFL is not going to strong arm hm into doing anything, including demanding he allow a another team to play in his stadium.— March 12, 2015 7:55 a.m.
AEG pulls out of L.A. stadium negotiations
visduh, I think the initial proposal for the stadium was back in mid 2010. You left a stadium out though. Don't forget that Ed Roski still has his "shovel ready" project. LOL— March 10, 2015 7:55 p.m.
January unemployment rate rises
What is the U6 rate for San Diego?? That is a much more realistic view.— March 10, 2015 7:54 p.m.
Gas price sag
Better yet, buy a Tesla and go solar!!!!— March 10, 2015 10:21 a.m.
AEG pulls out of L.A. stadium negotiations
aardvark I take those polls with that same big ole grain of salt. There is a certain part of the population that wants the Raiders. After more than 20 yrs in the area, I know a whole lot of people and most of them really don't care either way whether or not the NFL comes back, but they do not want a team if it involves public. money. Over the course of the last 4 or 5 years, since all of this stadium insanity began, I literally have not spoken with a single person I know who wants to see the Raiders return. Almost universally, they have said that if it is the Raiders, they would not even consider going to games. My impression, and several have said so, is that it's the Davis name. On the other hand, over the last few months, when talking about the Rams moving back, most of us seem to have the same opinion. Georgia is not around anymore, the Rams were in LA before most of us were even born so as long as no public money is spent on their stadium, they would pretty much be welcomed back. As for the Chargers, I am really ambivalent. We had season tickets the whole time we lived in San Diego. Now, even though I can get to the Murph fairly easily, I seldom bother to even think about it. I can get their quicker than I can get to Inglewood, so if I don't bother now, I don't see it if they do end up in Inglewood. As you said, we shall all see how the "drama" plays out. How amusing it would be if a year from now, the Rams were waiting on construction to begin on their new taxpayer funded, state of the art, Jerry's World east, the Raiders were still below sea level, cleaning the sewage out of the locker rooms, and Fabio was still extolling the virtues of having the Chargers host a Super Bowl in San Diego, all the while still pleading for a new stadium, taxpayer funded, of course. What's the old saying? Ah yes, the more things change, the more they stay the same.— March 10, 2015 10:20 a.m.
Qualcomm engineers its financial product
don bauder Cheer qualcomm's dividend!! I am.— March 10, 2015 9:11 a.m.
Qualcomm engineers its financial product
No confusion here. Just answering swell's complaints about the Chargers. Are you confused??— March 10, 2015 9:10 a.m.
AEG pulls out of L.A. stadium negotiations
A couple of comments. First, it is Jerry Jones, and I take everything he says with a big ole grain of salt. With that said, he is probably more right than wrong in this instance, because I do believe that the NFL does want back in the Los Angeles market. With respect to stadium loans, at this point, the Chargers brass seem to be targeting either a shared stadium in Carson or a new stadium in San Diego. Even IF,and it's a big IF, they end up in Carson, there will be no stadium money from the NFL and if they stay in San Diego, as I said, the NFL would only match whatever cash Spanos tosses in and I don't believe that they have anywhere near the $200 million that Fabio was proclaiming "might now be available" in 2011. My previous comment did not address Kronke, since he is claiming that he will pay for his own stadium. Back in the day, my old VW van had a bumper sticker on it that said "cash, grass or ass, nobody rides for free. Well, if Kronke indeed does build his own stadium and another team also ends up there, they ain't gonna be playin' for free. Kronke is gonna want a steep price because he likes playing with other peoples money. I can imagine a scenario in which another team that is playing in his stadium without footing any of the costs, gets none of the money from naming rights and advertising and maybe parking fees also. He's going to want rent, probably a steep one, probably coming from the tenants home gate and TV money. Frankly, I can't see a scenario with either the Chargers or Raiders moving into a Kronke built and owned stadium and coming out much better financially than they are now, except that they would have cash flow from PSL's and luxury boxes, and I would be willing to bet that would be factored in to their rent. My guess is IF, and it's a BIG IF at this point, that if Kronke builds a Los Angeles stadium and there is a second team, it's the Chargers ad the Raiders end up in St Louis. At this point, however, I think the more likely scenario is the Rams stay in their new taxpayer funded stadium, ditto the Chargers and the Raiders are stuck playing below sea level because Mark and Mama Davis have less money than the Spanos clan and can't do anything on their own. Just my opinion. Opinions vary.— March 10, 2015 9:09 a.m.
AEG pulls out of L.A. stadium negotiations
don bauder The NFL won't put anything into a new stadium in Los Angeles hen the NFL revived it's stadium loan program in 2011, the 2011 G-4 Resolution, it included a provision that relocation funds could not be used for relocation. Section 4E: "The project must not include any relocation of or change in an effected club's "home territory(as defined in the Constitution and Bylaws". It would take a 3/4 majority of the entire league to change this in the NFL Constitution and Bylaws and Goodell has already addressed this and said no changes. An exception to this would be the Raiders. The NFL Constitution and Bylaws include a special provision, 25.3(C) that states that any changes relating to or involving to the arrangements or conditions under which the Raiders franchise is operated require unanimous approval by all member clubs. Add to that the fact that the league would only issue matching funds, which the Chargers don't have anyway, and it seems unlikely that the Spanos clan would be able to get much, if anything, for renovations or a new stadium in San Diego. The 49ers got $200 million because they moved a few miles away. San Diego won't be getting a loan unless they stay in San Diego and the Spanos clan ponies up some cash.— March 10, 2015 8:10 a.m.