Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Soccer World Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds Game Report
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
New formula to Chicago's Toyota Park deal
by Ridge Mahoney, September 11th, 2007 7AM
Subscribe to Soccer America Daily

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 Landeknoted: '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. Abroad: Guzan leaves Villa for Middlesbrough    
Brad Guzan will remain the English Premier League, but he might not start, putting him in ...
MLS Moves: Fire ships Igboananike to D.C.    
In a move that signals a continued roster purge that began with the arrival of new ...
What They're Saying: Chuba Akpom    
"I was playing against players I played with on FIFA when I was younger  -- [Didier] ...
MLS All-Star Game: Red rules the day    
The team that calls Avaya Stadium home usually wears blue, but red turned out to be ...
MLS Expansion: Atlanta's Villalba and Jones off on loan    
MLS expansion team Atlanta United FC has sent its two big signings on loan until it ...
Crowd Count: ICC match draws 86,641 fans in Columbus    
The International Champions Cup match between Paris St. Germain and Real Madrid at Ohio Stadium in ...
MLS Expansion: All signs point to Minnesota in 2017    
Atlanta United FC is the only MLS expansion team confirmed for 2017, but MLS commissioner Don ...
MLS Countdown: ASG absentee Ridgewell out Sunday    
A new MLS rule intended to keep players from skipping out on the All-Star Game means ...
What They're Saying: Jurgen Klopp    
"If you bring one player in for 100 pounds ($130 million) and he gets injured, then ...
U.S. Abroad: Brooks returns to action in Hertha win    
John Brooks became the first of the Americans who played at the 2016 Copa Centenario to ...
>> Soccer America Daily Archives