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 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
Video Pick: Chicharito among Top 5 Bundesliga Golazos    
Javier "Chicharito" Hernandez's fifth goal in three games for Bayer Leverkusen rates among the Bundesliga's Top ...
What They're Saying: Paul Doswell    
"I'm devastated, the chairman is devastated. I have spoken to Wayne and the guy is in ...
Cosmos acquire Italian striker Amauri    
The NASL New York Cosmos have landed 36-year-old Brazilian-born Italian striker Amauri, who scored five goals ...
What They're Saying: Wayne Shaw    
"All the subs were on and we were 2-0 down. I went and got it at ...
What They're Saying: Everton Luiz    
"I've been suffering racist abuse during the entire 90 minutes and also was upset by the ...
Sneak Peek: 'Caps short-handed for CCL match    
The Vancouver Whitecaps will be without their two big offseason acquisitions -- Yordy Reyna and Fredy ...
MLS Moves: TFC goes with TAM to sign ex-Barca midfielder    
In the wake of reaching its first MLS Cup final last December, Toronto FC hasn't done ...
MLS Expansion: San Diego proposes to build 'Soccer City'    
In what bills itself as "America's Finest City," backers of an MLS expansion franchise plan to ...
Sneak Peek: Controversial moves hang over Red Bulls    
The New York Red Bulls, first in the Eastern Conference during the regular season for the ...
Video Pick: America coach tackles player, gets ejected    
During the Super Clasico, Club America coach Ricardo La Volpe stepped on the field and tackled ...
>> Soccer America Daily Archives