AEG seeks extension, sites progress in negotiations with the NFL

This topic has 15 replies, 6 voices, and was last updated 10 years, 2 months ago by InvaderRam.

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September 29, 2014 at 11:52 pm #8707

GreatRamNTheSky
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AEG seeks six-month extension of Farmers Field agreement

Posted by Mike Florio on September 29, 2014, 10:09 PM EDT

Handout of architectural firm Gensler’s artist rendering showing the proposed Farmers Field stadium and event center
Reuters

As the NFL privately claims that a return to Los Angeles is coming sooner than later, one of the companies hoping to build an L.A. stadium hopes to expand a soon-to-be-expiring window for doing so.

AEG has announced that it is seeking a six-month extension to an agreement with the City of Los Angeles regarding the construction of the venue that already is known as Farmers Field. The current deal expires on October 18.

“We have resumed discussions with the NFL and, while much remains to be done before a deal could come together, we remain committed to this project,” AEG president and CEO Dan Beckerman said. “In light of the positive tone of recent conversations, we feel it would be productive to continue this dialogue while at the same time further exploring alternative plans with the City.”

September 30, 2014 at 10:27 am #8725

snowman
Participant

I just don’t see a development firm like AEG building a stadium and leasing it to a NFL team. I think this window closes and we see the city take over negotiations. If a team moves and a stadium gets built in LA, it will be done the old fashioned way – with shitloads of public money and promises of economic benefits to the taxpayers.

September 30, 2014 at 4:38 pm #8733

GreatRamNTheSky
Participant

Us LA Rams fans (SoCal Rams boosters and Bring Back The Los Angeles Rams) were invited down for a taping of the television show Max Kellerman and Marcellus Wiley host today. I thought this was going to be on today but maybe not.

Grits

September 30, 2014 at 5:09 pm #8736

GreatRamNTheSky
Participant

September 30, 2014 at 5:25 pm #8738

GreatRamNTheSky
Participant

September 30, 2014 at 5:34 pm #8739

GreatRamNTheSky
Participant

This is from a group that wants to keep the Rams in St Louis.

Grits

September 30, 2014 at 5:37 pm #8740

GreatRamNTheSky
Participant

snowman wrote:

I just don’t see a development firm like AEG building a stadium and leasing it to a NFL team. I think this window closes and we see the city take over negotiations. If a team moves and a stadium gets built in LA, it will be done the old fashioned way – with shitloads of public money and promises of economic benefits to the taxpayers.

Snowman, no public funding by any municipality in SoCal or the state of CA. This will be privately funded. The land is no issue as Kroenke owns the land. There are a number of different ways he can get this funded corporately. Naming rights is one avenue. Farmers Insurance paid 700 million for the naming right to Farmer’s field. Well, 700 million is about half the price tag for paying for the new stadium to be constructed.

Grits

September 30, 2014 at 5:45 pm #8741

GreatRamNTheSky
Participant

I just tuned into 101 ESPN just now and Karraker was asked again about what he stated and he reiterated that as source with the league that he, Karraker trusts says its a done deal, the Rams are moving to LA.

Grits

September 30, 2014 at 5:53 pm #8743

joemad
Participant

Grits, were you able to make the trip with the rest of the So Cal Ram fans?

September 30, 2014 at 6:21 pm #8744

GreatRamNTheSky
Participant

Yes, I am there.

Grits

September 30, 2014 at 7:27 pm #8758

Agamemnon
Participant

It is all rumors, whether the rumors say the Rams are leaving or staying. It will be rumors until something really happens. imo

Agamemnon

September 30, 2014 at 7:45 pm #8760

InvaderRam
Moderator

whoa man. is randy the type to just spout out rumors?

and if they move would that be before the 2015 season?

September 30, 2014 at 7:48 pm #8761

Agamemnon
Participant

@ 4:40, you can hear Randy speak.

Agamemnon

September 30, 2014 at 7:56 pm #8762

Zooey
Moderator

snowman wrote:

I just don’t see a development firm like AEG building a stadium and leasing it to a NFL team. I think this window closes and we see the city take over negotiations. If a team moves and a stadium gets built in LA, it will be done the old fashioned way – with shitloads of public money and promises of economic benefits to the taxpayers.

AEG is a bit of a mystery to me. Purportedly, they want to build a stadium AND own the occupying team.

But they made no move on the Bills.

There are no other teams for sale. And in my thinking, only Buffalo, Jacksonville, Oakland, and the Rams ever made sense as teams to relocate to LA. I never believed Minnesota, San Francisco, or Seattle were seriously in the conversation.

Well…the Bills were for sale. And AEG did nothing. So – since none of the other teams are for sale – I conclude that AEG is either positioning themselves for an expansion team (balanced by one presumably in London), or they have given up the idea of owning a team. Expansion does not seem imminent, and Kroenke isn’t interested in parting with ownership, and he prefers to own his facilities.

I frankly can’t make sense of AEG at all. Unless they have an understanding with the NFL office.

I guess this storyline is going to heat up over the next six months.

September 30, 2014 at 8:04 pm #8764

Agamemnon
Participant

@ 6:45, Randy asks Sando about LA and the Rams.

Agamemnon

September 30, 2014 at 8:32 pm #8766

InvaderRam
Moderator

the aeg thing i got no clue either. my best guess is a team at hollywood park. and a second team in downtown la? the chargers?

or maybe they’re making a last ditch effort to lure kroenke to downtown los angeles…
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