Sep 28 2012
Anschutz to Sell AEG – NFL Still Coming to LA, Part 2
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Click Here for Part 1 of “Anschutz to Sell AEG – NFL Still Coming, Part 1″
Now that you’ve read Part 1, let’s jump right into the second half of the article. With the NFL already three weeks in (!!), let’s dive into the three most likely teams that will move to LA and my prediction for which franchise it will ultimately be, starting with…
The Oakland Raiders, previously the Los Angeles Raiders, as tenants of the Los Angeles Coliseum between 1982-1994, have considered a return to Los Angeles. Currently, the Raiders play in antiquated O.co Coliseum, which generated only $48 million in stadium revenue last season – the lowest figure in the NFL.[1] The team still has $125 million of debt outstanding on loans from Oakland-Alameda County that it is paying in part from concession and parking revenue. According to Forbes’ annual “NFL Team Valuations” list, the 2012 Raiders are currently valued at $785 million, ranking 30th out of the 32 NFL teams.[2] O.co’s lack of premium seating and luxury boxes, retail space, and entertainment areas, which are all features that newer stadium facilities possess, has prevented the Raiders from generating maximum revenue, and has left current owner Mark Davis (son of recently-departed Al Davis, the Raiders’ longtime owner) in the unenviable position of determining the tenuous future of his father’s beloved franchise.
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