Blog Entry

Report: AEG is targeting MORE than five teams

Posted on: June 13, 2011 3:53 pm
Edited on: June 13, 2011 4:48 pm
This is how developers envision what Farmers Field would look like (AP).Posted by Josh Katzowitz

Last week, we told you how AEG had targeted five NFL teams for possible relocation to Los Angeles – the Chargers, Jaguars, Raiders, Rams and Vikings.

Now, has the news that AEG actually is targeting even more teams than that and that those teams are receiving monthly briefings detailing the progress of the downtown stadium (which will be named Farmers Field, as seen in the photo at right) and the surrounding area.

More from the story:

The next milestone for the Farmers Field effort comes on July 31, when AEG is expected to turn in a memorandum of understanding with the city council, which will outline a financing plan to build the stadium. AEG has committed $1 billion for the project, and is looking for $350 million in bonds from the city that would be repaid through new revenue created by the stadium, including the grounds lease and self-imposed seat and parking taxes.

The stadium will take approximately 30 months to build on the current site of the West Hall of the Los Angeles Convention Center. The city has insisted that the proposed Pico Hall -- which would replace the West Hall -- be up and running before the West Hall is torn down to make way for Farmers Field, so the city won't lose convention business.

Like I wrote the other day, if I’m a Chargers fan, I’m feeling awfully nervous that L.A. is going to snatch my team away. And the more teams in the running for possible relocation is probably welcome news.

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Since: Jan 31, 2011
Posted on: June 14, 2011 5:58 pm

Report: AEG is targeting MORE than five teams

only teams that would go there would be the jaguars, rams or raiders.

Since: Jul 27, 2007
Posted on: June 14, 2011 11:25 am

Report: AEG is targeting MORE than five teams

And lets not forget Carolina has a stadium that's already paid for. They are already looking at land next to their current site for the future. They have zero incentive to leave.

Since: Mar 19, 2008
Posted on: June 14, 2011 9:06 am

Report: AEG is targeting MORE than five teams

That is a stupid comment Zmang. Carolina isn't going anywhere. Contrary to what people may think, due to the PSLs the Panthers have not had a black out in several years, they are strong financially and they will recover from the mess of last year, why on earth would they leave? Especially since the "small market" of Charlotte is continuing to grow, just check the latest census, 18th largest city in the country and rising. It would be stupid to leave (not to  mention the 7 or 8 Fortune 500 companies in town which = $$$)

Since: Mar 26, 2011
Posted on: June 14, 2011 3:17 am

Report: AEG is targeting MORE than five teams

Sorry, but the City of L.A. is not desperate for a team. They have told the NFL for years that they need to raise their own $$$. L.A. is so strapped for moolah, they didn't even want to spring for the Lakers victory parade. Most of the citizens aren't desperate for a team either, simply b/c there are plenty of other activities to do in the winter. I've seen the Rams and the Raiders leave here before. AEG is trying to other people's money. In the end, they want to own the team so that the real estate deal for the stadium is easier.

Since: Aug 7, 2008
Posted on: June 14, 2011 3:05 am

Report: AEG is targeting MORE than five teams

I'm worried for the NFL. AEG is big time trouble. They own the LA Galaxy and San Jose Earthquakes before moving the Quakes to Houston because they wanted a brand new soccer stadium. What's bad is that AEG moved the team overnight like what was done with the Rams and Colts. AEG also "traded" Landon Donovan to the LA Galaxy in order to boost it's popularity and improve it's performance. It did not work. LA Galaxy is still a very bad MLS team.

I don't see why the Chargers would want to move to LA. I read somewhere that AEG has approached about 18 teams. This sounds like a very desperate move to target almost every team in the NFL. Because there are only a handful of teams that really do need to move to LA's new stadium. The rest are in a stable situation.

I read somewhere that AEG actually had intended to lure two NFL teams to their stadium and have them "compete" against each other to see who gets to move to LA.

Since: Oct 3, 2006
Posted on: June 13, 2011 8:54 pm

Report: AEG is targeting MORE than five teams

yeah, and i should listen to some dumba$$ who cant spell Los Angeles, and omits the Kings in the 'who can Angelenos spend their sports money on?'
The Rams would be great if they ever came back. Only whack job punks ever considered the raiders an L.A. team, but i don't care what coast you're on.... bandwaggoners love a Super Bowl victory and davis gave the psuedo-football fans in halloween garb exactly that....
The whole Los Angeles has no NFL team topic makes me sick.... or maybe just gives my sorry old a$$ the Deacon blues......

Since: Mar 26, 2011
Posted on: June 13, 2011 7:46 pm

Report: AEG is targeting MORE than five teams

Keep the NFL out of L.A. We already have our pro team here anyway with USC. I like getting the extra game on the tube each Sunday; and the City Council had better hold the line on "not one dime" of financing for any of these stadiums. It's a privilege for the NFL to be in this market and I sure as heck hope Villaragosa reminds them of it.

Since: Jan 4, 2007
Posted on: June 13, 2011 6:49 pm

Report: AEG is targeting MORE than five teams

The city of Los Angelas really doesnt care about getting a NFL team. The NFL and AEG cares about getting a NFL team in Los Angelas.  The city is going to make AEG go through tons of hoops to get a stadium.  Other teams won't be happy about this.
1. The City can't lose convention space and buildings. This raises AEG's up front money skyhigh.
2. The City wants some major guarantees if they support a 350 million dollar bond.  This includes a guarantee of a NFL team coming to LA and possibly at least two superbowls in LA guarantees from the NFL.
3. The Chargers if they do not move, do not want competition from a LA team. Expect them to either be the team or to block any other team from coming to LA.  To a lesser point the Raiders like to claim the LA area as a fan base as well.
4. The Lakers which share the area are not going to help that much because fans can only spend so much money and the Lakers prefer that money to be spend on their memorabelia. Same can be said about the Ducks, Dodgers, and even the Angels.

The cards are stacked against AEG unless they finance everything themselves and they wont do that unless they can have a majority ownership in a NFL franchise.

This is exactly why the whole state of California is experiencing a massive exedous of jobs and companies. Totally toxic business environment.

Since: May 31, 2007
Posted on: June 13, 2011 6:22 pm

Report: AEG is targeting MORE than five teams

Haven't the people of LA proven a few times in the past that they really don't care much about having an NFL team?  I mean, I get that the league salivates over the 'size of the market' and all, but if the people there don't flock to see the games and buy the goods, then the market size kind of becomes irrelevent.

As for which teams, I don't really see the Vikings, Rams, or Raiders moving.  I don't know the state of the Chargers, but if I were a Jags fan, I'd be concerned.  Their annual struggle to sell tickets, fight blackouts, etc. has to be wearing on the ownership there.  Their fans are loyal, but too few in number to keep an ownership group happy forever.  As for the Bills, I think their ownership was hoping to get better turnouts on their Toronto games to open that door... but it hasn't happened, so who knows where their heads are now.  Some choices would probably result in another realignment though too.

Since: Jan 22, 2007
Posted on: June 13, 2011 6:15 pm

Report: AEG is targeting MORE than five teams

If Buffalo moves, it'll be to Toronto.  The Chargers, Jaguars, and Vikings are the most likely targets for LA.

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