^ pretty sure Stan is also using an outside financial firm...this isn't like buying a $25,000 car...its getting $2-2.5 billion in loans...why do people think stan has enough cash to pay for this? 90% of his net worth is tied to the value of his sports teams.
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^ Sure. But he does't need to pay someone like Goldman to figure out how to make things work.
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but he is paying someone to figure out how to make things work....he just doesnt have to disclose it since he is paying them directly and unlike here where a public entity ( RSA ) is paying Goldman, thus its public knowledge....roger wyoming II wrote:^ Sure. But he does't need to pay someone like Goldman to figure out how to make things work.
Kroenke is partnering with Stockbridge Capital Group. They actually own the Hollywood Park land.dbInSouthCity wrote:but he is paying someone to figure out how to make things work....he just doesnt have to disclose it since he is paying them directly and unlike here where a public entity ( RSA ) is paying Goldman, thus its public knowledge....roger wyoming II wrote:^ Sure. But he does't need to pay someone like Goldman to figure out how to make things work.
http://stockbridgerealestate.com/
http://www.latimes.com/sports/nfl/la-sp ... tml#page=1
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^ you're making my point, db.... Spanos/Davis needed to get a firm like Goldman in to figure out how to make their idea work; Stan quietly goes about his business.... obviously people are getting paid to develop financing plans but he doesn't need a titan. w/o Goldman I don't even think there would be a Carson plan. Not so for Inglewood.
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but we dont know that Goldman isnt working on the Inglewood plan....roger wyoming II wrote:^ you're making my point, db.... Spanos/Davis needed to get a firm like Goldman in to figure out how to make their idea work; Stan quietly goes about his business.... obviously people are getting paid to develop financing plans but he doesn't need a titan. w/o Goldman I don't even think there would be a Carson plan. Not so for Inglewood.
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yeah, they actually entered into a Joint Venture to develop the entire project; although I don't think Stockbridge would have any ownership interest in the Rams itself.dweebe wrote: Kroenke is partnering with Stockbridge Capital Group. They actually own the Hollywood Park land.
http://stockbridgerealestate.com/
http://www.latimes.com/sports/nfl/la-sp ... tml#page=1
EDIT: Stockbridge btw is an incredibly connected firm in California but has some ties to the gaming industry, which would pretty much preclude any NFL involvement.
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I think you're reading way too much into this. Stan is definitely not just figuring all this out on his own because he's so smart and organized. He's using a financial consultant, and how big a consultant he needs depends on the financial complexities, not his business acumen. If he's using some cheapo firm it's because either the deal is comparatively simple for some reason, or he's an arrogant idiot.roger wyoming II wrote:^ you're making my point, db.... Spanos/Davis needed to get a firm like Goldman in to figure out how to make their idea work; Stan quietly goes about his business.... obviously people are getting paid to develop financing plans but he doesn't need a titan. w/o Goldman I don't even think there would be a Carson plan. Not so for Inglewood.
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^ I'm not sure I follow the argument here... I'm not saying he doesn't have very competent, highly paid people working on things, just that the lack of having to go to a titan firm like Goldman in a way demonstrates the strength of Kroenke's plan. Spanos had to rely on Goldman, which I believe reportedly is even going so far as to guarantee any losses for a period of years while Kroenke is able to go about things more or less in his ordinary course of business. I don't think there is any doubt that his extreme wealth and ability to finance is a major asset to his plan.
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I guess you could say that Kroenke is very wealthy and can finance more on his own, but we already knew that.
Interesting article from San Diego.
Bolt of reality: We'll live without Chargers
http://www.sandiegouniontribune.com/new ... gers-acee/
Bolt of reality: We'll live without Chargers
http://www.sandiegouniontribune.com/new ... gers-acee/
....I’ve written no fewer than a dozen columns that could be categorized anywhere from “supporting” to “begging for” a new stadium. I want the Chargers to get their dream home in San Diego, have elucidated why I think it’s a win for the region.
The view offered here does not refute that.
Neither does it contradict my contention that the Chargers leaving would be the biggest story in the history of San Diego. I base that on the number of people who would deeply feel the loss and also include in that “story” the ensuing process of moving on from the team’s departure.
But the Chargers are not life and death.
As the time many more San Diegans will have to face that appears to be drawing inevitably near, it would be prudent to grasp onto some perspective.
I was fortunate enough to find it close to home.
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Good read.dweebe wrote:Interesting article from San Diego.
Bolt of reality: We'll live without Chargers
http://www.sandiegouniontribune.com/new ... gers-acee/
....I’ve written no fewer than a dozen columns that could be categorized anywhere from “supporting” to “begging for” a new stadium. I want the Chargers to get their dream home in San Diego, have elucidated why I think it’s a win for the region.
The view offered here does not refute that.
Neither does it contradict my contention that the Chargers leaving would be the biggest story in the history of San Diego. I base that on the number of people who would deeply feel the loss and also include in that “story” the ensuing process of moving on from the team’s departure.
But the Chargers are not life and death.
As the time many more San Diegans will have to face that appears to be drawing inevitably near, it would be prudent to grasp onto some perspective.
I was fortunate enough to find it close to home.
If I lived in a city like San Diego, with its immaculate year-round climate and beautiful beaches, I probably wouldn't care about the NFL leaving, either.
Long article from SI.
The NFL Wants L.A., But Is It a Requited Love?
http://mmqb.si.com/2015/07/21/nfl-los-a ... n-kroenke/
The NFL Wants L.A., But Is It a Requited Love?
http://mmqb.si.com/2015/07/21/nfl-los-a ... n-kroenke/
...We posed that question to more than 100 Angelenos from all walks of life. We talked to a struggling actor and an A-list entertainer, a bus driver and a barista, natives and transplants, lawyers and self-described hipsters. We also spoke to people like Urbano, residents of Inglewood and Carson who might have a large, loud tenant moving into their backyards. We found pockets of passionate sports fans who felt jilted by the NFL’s extended absence. But that paled to one overarching theme: apathy.
“I kind of want the NFL here, but I think I am the minority,” Urbano says. “In Los Angeles, in Inglewood, and maybe even on my own block. A team could be coming right here, and nobody seems to care.”...
“Are we worse than other cities?” asks 42-year-old Jimmy Smith, a bartender in Venice Beach. “I don’t know. But I do know we’re super fickle. The bandwagon effect is real.”
“I don’t care if this sounds bad,” says Melly Juliana, a 24-year-old model. “I probably wouldn’t go to an NFL game in L.A. unless the team was good.”
The city’s NBA teams offer a good case study. For their first 13 years as cohabitants at the Staples Center, the Lakers dominated the Clippers on the court and in attendance. Then the roles reversed. Since 2012, the Clippers have emerged as championship contenders while their rivals have floundered. For four straight seasons, the Clippers have also outdrawn the Lakers.
Decades ago, attendance at L.A. Rams games whittled when the team struggled. After their 1990 NFC Championship Game appearance, the Rams went 23-57 over their next five seasons. Through the last four, they ranked in the league’s bottom six in attendance. Their final game in L.A., a 24-21 loss to Washington on Christmas Eve in ’94, drew only 25,705 to Anaheim Stadium—590 fewer than a high school game at the same venue eight days earlier. In 1980, the Rams’ first season in Anaheim, they averaged 62,550 fans.
This wasn’t the only reason the Rams left. The team no longer supported itself financially and owner Georgia Frontiere feared that local politicians wouldn’t help build a new stadium. But Frontiere, who died in 2008, was also dismayed by the dwindling interest. “If [the fans] really care about the team and wining,” she told the Los Angeles Times in 1993, “then they should not be giving up.”
This will certainly add to the discussion. From a business perspective I believe the value is and will be in the team/franchise not the location as long as their is plenty of TV revenue sharing to go around. For St. Louis, it is really a discussion of what it wants and the benefits of that perception, visitors, and tax dollars generated, so. For Stan K, its a win win situation.
I take San Diego position different than St Louis now Carson City is legitimate proposal if the financing comes together. It is essentially 100 miles up the road. Not much different than being a Mizzou fan living in St. Louis or KC on game day. Carson City is very doable IMO once you start thinking two teams with combined NFL tv revenue of $450 million with two teams playing there as per the biz journal article reporting on Green Bay's share.
http://www.bizjournals.com/stlouis/blog ... ealed.html
The Packers, the only pro sports team to be publicly held, released its financials Monday. According to the Milaukee Business Journal, the Packers received $226.4 million in national revenue sharing, up nearly 21 percent. Extrapolated to 32 teams, that equals roughly $7.2 billion, which is split evenly among all NFL teams.
I take San Diego position different than St Louis now Carson City is legitimate proposal if the financing comes together. It is essentially 100 miles up the road. Not much different than being a Mizzou fan living in St. Louis or KC on game day. Carson City is very doable IMO once you start thinking two teams with combined NFL tv revenue of $450 million with two teams playing there as per the biz journal article reporting on Green Bay's share.
http://www.bizjournals.com/stlouis/blog ... ealed.html
The Packers, the only pro sports team to be publicly held, released its financials Monday. According to the Milaukee Business Journal, the Packers received $226.4 million in national revenue sharing, up nearly 21 percent. Extrapolated to 32 teams, that equals roughly $7.2 billion, which is split evenly among all NFL teams.
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http://www.stltoday.com/news/local/govt ... 768f8.html
The Missouri Development Finance Board did not vote Tuesday on a request for state tax credits to help build the proposed NFL stadium in St. Louis, but several board members expressed their excitement for the project.
This project "is an opportunity for us that we rarely have to participate in something that has the capacity to have this kind of economic impact for the state," said Marie Carmichael, board chairwoman.
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This quote kind of makes me sad.Mound City wrote:This project "is an opportunity for us that we rarely have to participate in something that has the capacity to have this kind of economic impact for the state,"
I really like Howard Balzer's football analysis but I have not kept up much with his thoughts over the last 6 months as my daily routine usually includes 101.1 radio on the way home. It is interesting to hear the swirling rumors that Stan is willing to play nice with all sides in terms of the owner's desires.
http://thebeast980.com/2015/07/23/has-t ... s-to-stay/
http://thebeast980.com/2015/07/23/has-t ... s-to-stay/
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So I read this morning that Bernie Miklasz is leaving the Post Dispatch. The timing looks suspicious, so I'll put on my conspiracy hat. It has been looking like a war between sports columnists and the Post Ed Board over the stadium for several months now. Ed Board wins. They have lately sided with the "Rams should leave" alliance with Kroenke, Rex Sinquefield's Show-me Institute, and KMOX. In other words, the filthy rich guys and the places they advertise.
KMOX is now running regular anti-stadium ads from the Rex Sinquefield's well-funded Show-me Institute, and the KMOX talk show hosts have fallen in line, as they always do with advertisers there, such as the phony weight loss products they pretended to use.
The Post's own numbers seem to show that the city and state public contributions would be completely paid back after 30 years with current or higher inflation, but they prefer to take the "intellectual" position of opposing all public support for development.
Show-me Institute numbers opposing Medicaid Expansion have been attacked by the medical community as complete fantasy (today's Post letters), and I've shown their numbers on the stadium are fiction -- after all, they are the Rush Limbaugh institute, but for Rex.
KTRS's McGraw Milhaven loves to stir up controversy, so he has been repeating that the City wants to spend $1 billion on a new stadium, while ignoring crime -- intentionally spreading disinformation. He may just be doing it to get ratings.
I'm realize ads on urbanstl.com are targeted to me based on things I've searched on in the past. But I seem to be getting a lot of adds here for hotels in Charlotte, NC. Charlotte just did a $90 Million upgrade to their NFL stadium, all paid for by new Hotel and Restaurant taxes on visitors. So, indirectly, urbanstl is trying to get me to fund an NFL stadium in Charlotte with visitor taxes.
The filthy rich in Missouri get the votes they pay for. I think I predicted some of this would be coming, but I underestimated Stan.
KMOX is now running regular anti-stadium ads from the Rex Sinquefield's well-funded Show-me Institute, and the KMOX talk show hosts have fallen in line, as they always do with advertisers there, such as the phony weight loss products they pretended to use.
The Post's own numbers seem to show that the city and state public contributions would be completely paid back after 30 years with current or higher inflation, but they prefer to take the "intellectual" position of opposing all public support for development.
Show-me Institute numbers opposing Medicaid Expansion have been attacked by the medical community as complete fantasy (today's Post letters), and I've shown their numbers on the stadium are fiction -- after all, they are the Rush Limbaugh institute, but for Rex.
KTRS's McGraw Milhaven loves to stir up controversy, so he has been repeating that the City wants to spend $1 billion on a new stadium, while ignoring crime -- intentionally spreading disinformation. He may just be doing it to get ratings.
I'm realize ads on urbanstl.com are targeted to me based on things I've searched on in the past. But I seem to be getting a lot of adds here for hotels in Charlotte, NC. Charlotte just did a $90 Million upgrade to their NFL stadium, all paid for by new Hotel and Restaurant taxes on visitors. So, indirectly, urbanstl is trying to get me to fund an NFL stadium in Charlotte with visitor taxes.
The filthy rich in Missouri get the votes they pay for. I think I predicted some of this would be coming, but I underestimated Stan.
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If you think donating millions of dollars to a billionaire's vanity project is "sticking it to the man", I'm going to have to disagree. The stadium may or may not be good policy, but it's definitely not anti-capitalist.
This is from Randy K's twitter on Friday. More positive feedback from the local Grubman/Peacock/Demoff/Nixon meeting. Rams portion starts around the 24 minute mark.
http://espn.go.com/espnradio/play?id=13313715
Also an update about Policy. When you hear his legal-style arguments for their cause, it sounds tough to refute. He highlights a few points as to why Carson makes the most sense. I found the points about Orange County and co-ownership vs tenant situation with lesson learned from the Giant/Jets in the Meadowlands especially interesting. It sounds like he'll be at the Aug 11 Chicago (Schaumburg) meetings.
http://www.ocregister.com/articles/nfl- ... eague.html
“I see a strong attitude emerging from that room that says we’ve got to take care of the two California teams and then things will flow from that,” Policy said, referring to the Aug. 10-11 NFL meeting on the Los Angeles situation."
http://espn.go.com/espnradio/play?id=13313715
Also an update about Policy. When you hear his legal-style arguments for their cause, it sounds tough to refute. He highlights a few points as to why Carson makes the most sense. I found the points about Orange County and co-ownership vs tenant situation with lesson learned from the Giant/Jets in the Meadowlands especially interesting. It sounds like he'll be at the Aug 11 Chicago (Schaumburg) meetings.
http://www.ocregister.com/articles/nfl- ... eague.html
“I see a strong attitude emerging from that room that says we’ve got to take care of the two California teams and then things will flow from that,” Policy said, referring to the Aug. 10-11 NFL meeting on the Los Angeles situation."
^ interesting, my simple version is that words/arguments from two long time California NFL families are starting to drown/take precedent over the relative new guy who wants to be wearing his shades in LA.
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What irks me about this quote from Sam Farmer is the fact that he is not considering the fact that the lease is not the only factor that dictates if an owner can move. The owner is required to make every effort to stay in a particular market and show that he has exhausted every last option. Also, an owner is not allowed to move just because he can make more money or increase the value of the franchise. The market should truly be a dead end situation. That will be the case if the Task Force is not able to get the stadium built. At this stage, this market is still very viable. Not to mention, the lease on the Dome was total BS. It was the most one-sided, owner-centric, stupid-a** lease ever written. Farmer has always been objective throughout this process, but I think he is off base making that comment. This link takes you to a radio clip posted on their Facebook.
https://www.facebook.com/losangelesrams
https://www.facebook.com/losangelesrams
@LATimesFarmer: "It sets a bad precedence for the League, because every other city then can look and say, “well, we don’t have to adhere to this lease. We just have to come in at the 11th hour with a stadium offer and we’ll be able to keep the team.“ So, it really weakens the leverage of all the teams involved (all the teams in the League), because you are building in special rules… well, if you do enough at the very end, you don’t really have to adhere to the terms of the lease… and the League is not going to do that."
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Green Bay Packers shareholder's meeting:
![]()
I'd rather have that than Kroenke.

I'd rather have that than Kroenke.



