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


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
U.S. under-20 national team wins semifinal thriller    
[DALLAS CUP] Rubio Rubin scored his second goal of the game on a rebound of his ...
What They're Saying    
"Miami's greatness is about the interaction of a vibrant culture and the water. We will earn ...
Strikers will test measure of progress at Carolina    
[NASL: Week 2] The Fort Lauderdale Strikers, seventh and fifth in the NASL's two half-seasons, will ...
Chelsea takes on its U-8s    
[VIDEO PICK: Off the Post] Chelsea's John Terry, David Luiz, Frank Lampard et al took on ...
Collins John slapped with three-game suspension    
[USL PRO: Week 5] The USL PRO career of Collins John, the Liberian-born Dutch international who ...
What They're Saying    
"There is no problem. Tensions are a bit high; I have no problem with that. They ...
Chivas USA's McNamara faces knee surgery    
[MLS INJURY REPORT] Rookie Thomas McNamara, who had started every game for Chivas USA until being ...
Road to Rio begins for Tab Ramos' group    
[USA UNDER-21 MEN] The road to Rio begins for the U.S. men's Olympic team begins with ...
New-look Thorns aim for two in a row on road    
[NWSL: Week 2] The defending champion Portland Thorns FC remain on the road for the second ...
Lack of playing time worrying for bubble players    
[AMERICANS ABROAD] With only four weeks at most for most players before the end of their ...
>> Soccer America Daily Archives