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June 14, 2011

Update on the Raiders For Sale, Which Team Is Moving to LA Story

Filed under: NFL, Oakland Raiders — Bill @ 11:31 am

Background Info: The Orange County Register recently reported that the Oakland Raiders were for sale & that it could be due to Al Davis health concerns. Last Friday NFL.com published an AP story that I’m posting here for your information.

**Meanwhile there may be progress in the NFL labor negotiations, keep your fingers crossed so we can have a normal football season.

Raiders CEO: Team not for sale, will remain with Davis family

The Oakland Raiders have responded to an Orange County Register report listing them among five NFL teams that have talked with Anschutz Entertainment Group and its CEO Tim Leiweke about a possible sale and relocation to a new stadium in Los Angeles.
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“The team is not for sale. It will remain with the Davis family,” Raiders CEO Amy Trask said in a statement Friday, according to the Bay Area News Group.

The Raiders — along with the Jacksonville Jaguars, Minnesota Vikings, St. Louis Rams and San Diego Chargers — were mentioned by Leiweke as teams linked to a potential sale to billionaire Philip Anschutz.

Leiweke said Anschutz would like to acquire a majority stake in an NFL team and have them play at a proposed NFL stadium in downtown Los Angeles. Leiweke said AEG was willing to pay for a team to get out of its current lease.

The most recent discussions with a team took place a week ago, said Leiweke, who didn’t specify which team those talks were with.

“St. Louis, Jacksonville, not extensively, certainly Oakland, San Diego, Minnesota are still in the mix,” Leiweke told the Register. “We’re not packing any (moving) vans right now.”

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The Raiders have been clear about their desire for a new stadium where the the Oakland Coliseum currently sits, but their lease with the building runs through 2013.

The Chargers also stated Friday that owner Alex Spanos is no longer looking to sell part of his stake in the NFL franchise, a team official said Friday.

The Spanos family terminated a deal with Goldman Sachs Group Inc. in March to find a buyer for some or all of Spanos’ 36 percent stake in the team, Chargers spokesman Mark Fabiani said.

AEG’s $1 billion plan for a 72,000-seat stadium on part of the city’s convention center campus is one of two competing proposals that aim to bring pro football back to Los Angeles 15 years after the Rams and Raiders left the nation’s second-largest market within months of one another.

Warehouse magnate Ed Roski has permits in place to build a 75,000-seat stadium about 15 miles east of Los Angeles, in the City of Industry, but has also not secured a team.


1 Comment »

  1. It has to be the Raiders. With the Rams second, and the Jaguars third. Minny will get a stadium. They’ve built an arena for a hockey team, and a stadium for a baseball team. They’ll moan, and then they’ll get it done. The Bills have an old stadium, have an owner in his 90s and play in a city that is losing population. For some reason, I think Up-State New York, with Rochester’s population, and the Canadian presence, will survive–even if they never thrive again. The Jaguars destiny is not to remain in Jacksonville. They play in the renovated Gator Bowl, but the renovations were in 1995. That half-empty place is only going to get older, but they seem damned to stretch things out another decade, or so. That leaves the Chargers and Raiders. Either way, it’s fair to fans outside of California. Personally, I would prefer to see the Raiders move. Existing fan-base. Why does the Bay Area need two football teams? If the Raiders leave, and Oakland fans choose not to support the 49ers, than they are only missing out on NFL football, because they choose to. Move the Raiders back, and the league makes sense. Nice read, man.

    Comment by Mike B. — July 1, 2011 @ 11:38 am

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