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
FIFA: Qatar Needs Labor Reform to Keep 2022 World Cup    
FIFA executive committee member Theo Zwanziger on Tuesday indicated that 2022 World Cup host Qatar must ...
CWC: Auckland City the 'Winner,' but San Lorenzo Progresses     
Real Madrid's will face San Lorenzo of Argentina in Saturday's Club World Cup final after the ...
Di Maria Beats Messi, Aguero to Argentina's Player of the Year    
Manchester United winger Angel Di Maria has beaten Lionel Messi and Sergio Aguero to Argentina's player ...
League Cup: Rodgers Defends Sterling as Reds March On     
Following Liverpool's 3-1 League Cup quarterfinal win at Bournemouth, Coach Brendan Rodgers defended two-goal hero Raheem ...
League Cup: Pocchettino Hails 'Fantastic' Spurs     
Tottenham will play Sheffield United in the League Cup semifinal after thrashing Newcastle United 4-0 at ...
Klopp Hints at Dortmund Departure    
Borussia Dortmund coach Jurgen Klopp hinted that he could soon depart the BVB by saying he ...
Platini: Garcia Resignation a 'New Failure' for FIFA    
Michael Garcia, the man FIFA hired to investigate the bidding process for the 2018 and 2022 ...
Xavi: I Want to be Like Pep     
In an interview with Spanish paper El Pais, Barcelona midfielder Xavi reveals that he wants to ...
Report: Odegaard to Sign for Bayern Munich    
Norwegian wonderkid Martin Odegaard turned 16 on Wednesday, and reports in Germany claim that the Stromsgodset ...
Report: Falcao Wants to Stay, United Unsure    
In an interview with the Guardian, Radamel Falcao says he wants to stay at Manchester United, ...
>> Section 2 Around the Net Archives