Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America ClassifiedsGame Report
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
TV Report: EPL viewership is up 9 percent on NBC and NBCSN    
English Premier League viewership on NBC and NBCSN averaged 479,000 viewers, up 9 percent from last ...
What They're Saying: Vladimir Putin    
"It's another clear attempt by the USA to spread its jurisdiction to other states. And I ...
What They're Saying: Sunil Gulati     
"Being on the wrong side of an election result -- if that's what happens -- is ...
Concacaf in emergency mode -- again    
With Concacaf president Jeffrey Webb provisionally suspended by FIFA and Concacaf from all soccer activities for ...
What They're Saying: Jack Warner    
"I want to tell you, that whatever is planned for me, negatively, shall not succeed." -- ...
What They're Saying: Diego Maradona    
"I was treated like a crazy person. Now the FBI has told the truth. There is ...
NSCAA names Lynn Berling-Manuel as new CEO    
The National Soccer Coaches Association of America has named Lynn Berling-Manuel as its new chief executive ...
Defiant Blatter: 'I cannot monitor everyone'    
Sepp Blatter spoke on Thursday for the first time since the raids of Wednesday morning by ...
ICYMI MLS: Timbers leader is back, San Jose gets ASG    
Will Johnson returned after missing eight months with a broken leg to lead Portland past D.C,. ...
Road to Vancouver: Oklahoman Dike makes Nigeria's squad    
Courtney Dike, youngster sister of MLS and NASL veteran Bright Dike and a sophomore at Oklahoma ...
>> Soccer America Daily Archives