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
Quakes Deal Hits the Skids
San Jose Mercury News, April 18th, 2007 3:24PM

MOST READ

MOST COMMENTED

The San Jose Earthquakes may not be resurrected after all, according to a San Jose Mercury news report. Property developer Lew Wolff, who wants to resurrect the MLS club, is at loggerheads with San Jose State University over how to share revenue from a new stadium, which both the university and the Earthquakes would use. Sources told the San Jose Mercury News that the university wants a guaranteed $6 million per year from the stadium-in part because SJSU would have to devote most of its 63-acre campus to parking for the stadium and practice fields for the MLS team. Wolff offered around $1 million annually, plus a split of stadium revenues.

"We're at a stalemate," SJSU President Don Kassing said Tuesday. "We haven't reached an understanding about a revenue split." Kassing is understood to prefer a guaranteed sum to a stadium split. Unfortunately, the stalemate comes at a bad time, as Wolff and the university need to come to an agreement soon or he'll scrap the entire project. One of the sources cited in the report said the talks "are deteriorating" and that the next meeting could be the final one. Wolff sounded a little more optimistic: "We're hoping to work it out, but we're not quite there yet."

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Steven Gerrard: 'Every Person Slips'    
Steven Gerrard says the slip that arguably ended Liverpool's title hopes and England being knocked out ...
La Liga Champ Eying Chicharito    
Mexican striker Javier Hernandez, who started just six Premier League games for Manchester United last season ...
No Charges for Moyes Over Bar Incident    
Former Manchester United coach David Moyes is in the clear after he was investigated over an ...
West Ham Acquires Ecuador World Cup Striker    
West Ham has finalized a $20 million transfer of Ecuador striker Enner Valencia from Mexican club ...
Bayern Boss Not Allowed To Board Plane to USA    
Bayern Munich executive board chairman Karl-Heinz Rummenigge, along with six youth players and three crew members ...
Thai Refs Must Swear Oath to Buddha     
Thailand's soccer federation bosses have made more than 100 referees swear an oath of honesty at ...
Scolari Gets a Job    
Luiz Felipe Scolari, who resigned as Brazil coach after its disastrous 2014 World Cup campaign, has ...
World Cup Runner-up Coach Steps Down    
Alejandro Sabella, who guided Argentina to the World Cup final in Brazil, has decided to quit ...
Ronaldinho on the Move    
Former World Player of the Year Ronaldinho has left Atletico Mineiro. The 34-year-old former Barcelona, AC ...
Beer Approved in the Big House    
Normally, alcohol sale and consumption is strictly forbidden inside the University of Michigan's stadium, but beer ...
>> Section 2 Around the Net Archives