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
MLS All-Star Game: Acosta and Van Damme added    
Kellyn Acosta (FC Dallas) and Jelle Van Damme (LA Galaxy) were added to the MLS All-Stars' ...
What They're Saying: Brad Evans    
"I owe a ton to Sigi, my 1st and only MLS coach. 10 yrs & over ...
What They're Saying: Herculez Gomez    
"Sigi achieved more in 7 yrs than most MLS clubs have in their history... and he ...
MLS Moves: Lodeiro arrives in Seattle    
On the same day Sigi Schmid departed as the Seattle Sounders coach, 27-year-old Uruguayan Nicolas Lodeiro ...
MLS Moves: 'Cap send Espindola to Necaxa    
Argentine striker Fabian Espindola was sold by the Vancouver Whitecaps to Mexican club Necaxa without ever ...
U.S. U-19s lose to Venezuela in Spain    
The U.S. U-19 men's national team, coached by Brad Friedel, opened the COTIF Tournament in Valencia, ...
U.S. Abroad: Soares and Stanko switch leagues    
Americans A.J. Soares and Caleb Stanko have moved to clubs in Denmark and Liechtenstein. Soares, a ...
MLS Power Rankings: Galaxy takes third, Red Bulls fifth    
Leader FC Dallas played a 1-1 tie with No. 2 Colorado that kept those teams in ...
TV Report: MLS up 32 percent on ESPN and ESPN2    
MLS is averaging 312,000 viewers on ESPN and ESPN2 in 2016, up 32 percent from the ...
MLS Spotlight: Sigi Schmid's long run in Seattle is over    
Sigi Schmid, the only coach the Seattle Sounders have ever had in their eight MLS seasons, ...
>> Soccer America Daily Archives