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Chargers Won’t Fulfill Desires in San Diego

Gringo, Yeah I already saw this. This is just a bill easing the environmental and planning regulations for his project and has yet to be endorsed by the Governor, although he is on record supporting the NFL's return to L.A. Broad/Ovitz et al also had the support of the Governor's office during their effort. The friends I'm talking about, which I'm sure you're aware, are the "many friends with lots of money" that you refered to. So again I ask who are they? I'm not saying you know, what I'm saying is Roski hasn't said who they are and how much they are throwing in. How much is private investment and how much is going to be borrowed and does he actually have financing lined up. At least when the afore mentioned group made their bid, people knew who the investors were; they knew that for the franchise fee, Ovitz had $200 million in equity (his own cash and that of his partners), a $100 million loan from B of A and a promissory note promissory note for $200 million for the balance once he was awarded a franchise. For the stadium, they had a $400 million line of credit at B of A, about $200 million in committed public money and another $150 million the NFL was going to kick in. And it wasn't enough for the NFL. They didn't have enough up front money. Roski was involved in that attempt also, by the way. And the point man for the commissioner's office was non other than then NFL Executive Vice President Roger Goodell. To use the new buzzword, I'd just like to see a little "transparency" in his "plan before I actually believe it is a reality.
— September 11, 2009 1:48 p.m.

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