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In Assessing Chargers Options, Do Cost Comparisons
Perhaps you can tell me how much rent the Dallas Cowboys pay to play in Cowboys Stadium, or how much rent Jets and Giants pay to play in the new Meadowlands Stadium? BTW, IF the Chargers move to L.A.(and as I have said, I have my doubts that a stadium will ever get built), it WILL involve a change in ownership. Be it downtown or in Industry, be it the Chargers or any other team(s), both entities will only go forward with at least partial ownership of the team and with an agreement for eventual majority ownership.— May 27, 2011 11:36 a.m.
In Assessing Chargers Options, Do Cost Comparisons
Don Bauder, correct me if I'm wrong on this, but don't each of Alex Spanos' kids each own a 15% stake in the team? I haven't read anything that Spanos senior has transferred his share to the kids yet, given his condition. NFL by-laws require that one person must own 30 percent of an NFL team to control it so if Alex Spanos still owns his 36%, he controls the team. That is unless his kids all act in concert, or decide to sell all or part of their shares to a single individual this giving them controlling interest. In other words, as you said, the family will do the negotiating and as a group they have the power to make the decisions. Also, I have always been under the impression that Alex was not concerned about cap gains tax as much as estate taxes.The estate tax stays the same this year and next at 35%, but in 2013 it goes up to 55%. I wonder what your thoughts are on this.— May 27, 2011 9:47 a.m.
In Assessing Chargers Options, Do Cost Comparisons
This comment was removed by the site staff.In Assessing Chargers Options, Do Cost Comparisons
The Raiders weren't too bad in the late 90's under John Gruden. They went to the playoffs (got screwed in one on the play which led to the very rule that the Chargers got screwed on last year) a couple of times and I think went again with whoever was coach the 1st year after Davis fired Gruden. At that time their attendance was pretty good. But even so, a lot of people don't want to pay extra just to be able to buy season tickets in the same seat every year. Add that to a really bad team and well I'm sure anyone can figure it outThat was basis for Davis' suit against the Coliseum Authority, that they mislead the Raiders about future attendance revenue, among other things. That's why not that many pro teams have them. Oddly enough, I think the Padres still have them. I wonder how that's workin' out thees days.— May 26, 2011 8:28 p.m.
In Assessing Chargers Options, Do Cost Comparisons
Yeah but can you build a stadium that hold 75k using the same engineering methods and materials as in a high school stadium. I wouldn't think so.— May 26, 2011 8:12 p.m.
In Assessing Chargers Options, Do Cost Comparisons
As someone who has lived in LA all my life, except for college, I am pretty certain that LA would support an NFL team, as long as it remained a winning team. Which of course could be an issue for the Chargers.— May 26, 2011 8:06 p.m.
In Assessing Chargers Options, Do Cost Comparisons
And if there's no bread, then as Marie-Thérèse said, "Let them eat cake", or at the very least brioche.— May 26, 2011 7:56 p.m.
In Assessing Chargers Options, Do Cost Comparisons
Are you referring to the retirement of previous bond issues for the LA convention center or for infrastructure improvements?— May 26, 2011 7:50 p.m.
In Assessing Chargers Options, Do Cost Comparisons
Actually, I think you did and I just missed it. We've been down to many events at the Murph over the years. Sky Shows, a lot of concerts,GNR and the Stones come to mind, soccer( I think Real Madrid is playing a match there sometime this summer). Wasn't it just last year that the filed was turned into the worlds largest slip and slide. And you can't forget when it hosted the world's largest slumber party 3 or 4 yrs ago. And for those inclined to imbibe, isn't there a beer fest there sometime during the summer? Yes the Murph has many uses indeed.— May 26, 2011 7:48 p.m.
In Assessing Chargers Options, Do Cost Comparisons
Your committing one fallacy in your calculations. That's the rent the Chargers would pay if they moved. The ONLY scenario in which the Chargers move, in most peoples opinions, is with a change in ownership, whether it be minority or or majority. If it is to Ed Roski's proposed stadium, he is on record stating he wants a majority, if not complete ownership. The figure I have read should it be the AEG downtown L.A. stadium is something around 35% on the outset with an option for majority ownership at a later date. If the Chargers end up In either stadium up here, the same entity will own both the team and the stadium, as both have said they will not use public funds for the stadium. That being the case, their would be no rent payment. That relieves, at least according to your figures, a minimum of $10 million from operating expenses. Probably just enough to cover the interest on the note to build the stadium As I said, feel free to have your opinions. IF a stadium every gets built in L.A., and I have my doubts on that, then we'll know who is correct. Have a happy Memorial Day Weekend, if that's a particular holiday that you personally celebrate.— May 26, 2011 7:06 p.m.