Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
New formula to Chicago's Toyota Park deal
by Ridge Mahoney, September 11th, 2007 7AM

MOST READ

MOST COMMENTED

Along with the usually fluffy quotes from team and league executives, the press release officially announcing the purchase of the Chicago Fire by Andell Holdings from AEG also contained this:

"Village of Bridgeview Mayor Steven Landek noted: 'We are very excited to have Andrew Hauptman and Andell as the new owner of the Chicago Fire. Over the last several weeks, I've had the pleasure of sitting down with the Andell team several times and I believe they will bring a new level of focus, excitement and winning spirit to the Fire and Toyota Park.'"

As a condition of the purchase, AEG has relinquished all interest in the stadium as well as the team, and the financial formula under which the team's ownership and the Village of Bridgeview operate has been revised.

According to a source, who would not reveal figures, Bridgeview receives a larger guarantee under the new formula to compensate for its investment in the project. The village owns the stadium and Andell has taken over operations from AEG.

Being released from AEG control will also allow Toyota Park to host concerts by artists not affiliated with AEG Live!, which has grown to one of the largest concert and event promoters in the country, along with Live Nation, Inc. and others. The source says Bridgeview officials had not been pleased about being restricted to AEG properties and with the financial arrangements.

Toyota Park has hosted concerts, an exhibition rugby match between the USA and Irish club Munster that drew about 8,000 fans in July and a wedding. Officials are discussing hosting high school football and are planning six to eight concerts a year in addition to soccer games and other events.

A crowd of 2,300 turned out Saturday to watch a Brazil training session at a cost of $20 a person. For a low-risk, low-maintenance event, that's not a bad take.



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
Soccer America Men's Top 25 Scoreboard    
[ROUNDUP: Thursday] Seyi Adekoya teamed up with fellow freshman Chase Gasper to break a 1-1 tie ...
What They're Saying: Sunil Gulati    
"None of this is personal. Some things could have been phrased differently because the actual opinions ...
AEG antes up at StubHub Center    
[MLS SPOTLIGHT] The LA Galaxy's owner, AEG, will invest over $15 million to improve facilities and ...
Another MLS flop in Central America    
[CONCACAF CHAMPIONS LEAGUE] Two days after the Portland Timbers, needing as little as a one-goal loss ...
Western Conference heavyweights square off    
[MLS: Three Games to Watch] Though only one playoff slot is yet to be determined between ...
Three players suspended for season finales    
[MLS DISCIPLINE] The MLS Disciplinary Committee announced Thursday three suspensions stemming from incidents occurring in matches ...
U.S. under-18 men's national team roster    
[CARSON CAMP] Head coach Javier Perez named a 36-player roster for the U.S. under-18 men's national ...
Cuellar stakes rebuilding work on qualifying    
[SCOUTING REPORT: Mexico] Four years ago in the semifinals of the Concacaf Women's Championship, Mexico beat ...
What They're Saying: Dunga    
"We suggest things so that there's a better atmosphere. We explained it to players and we ...
A horrible, hilarious PK miss     
[VIDEO PICK: Off the Post] You really must watch this botched penalty kick several times to ...
>> Soccer America Daily Archives