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
Earthquakes-SJSU Deal Collapses
San Jose Mercury-News, April 20th, 2007 2:53PM

MOST READ

MOST COMMENTED

The stadium deal involving San Jose State University and a revived San Jose Earthquakes is officially not going to happen, university executives told the San Jose Mercury News on Thursday, citing a dispute over how the school would be compensated for co-ownership of the stadium. SJSU President Don Kassing wanted a guaranteed $6 million per year for stadium-related revenue, but the paper reports that developer Lew Wolff, head of the stadium project that would bring the Earthquakes back to Major League Soccer, was only prepared to offer $1 million per year, plus a split of future revenues.  

"They came to an agreement that the deal just wasn't going to work," the university's associate vice president for government and community relations told the Mercury News. Wolff didn't comment in the report, though his executives told local boosters in an email that they would find the Earthquakes another home.  "While we are disappointed in the outcome, we are still very excited about our options in San Jose," the note said. It's uncertain where Wolff will turn next, though he's repeatedly said he has other options.

Kassing said Wolff's offer didn't adequately compensate the university for requiring the use of most of its 63-acre south campus for parking and practice fields. "We weren't able to get to a place where the financial return for university land would offset any negative impacts to what our students' needs are," a university spokesman said.

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
Report: Clasico to Break Records     
AS reports that Saturday's Clasico between Real Madrid and Barcelona at the Bernabeu in Madrid will ...
Dunga Names Neymar Brazil Captain    
Brazilian national team coach Dunga on Friday revealed that Neymar will retain the captain's armband when ...
Reports: Lampard Could Extend City Stay     
According to reports in England, Frank Lampard could be able to stay on loan at Manchester ...
Pogba Signs Three-Year Extension with Juve    
Juventus midfielder Paul Pogba on Friday signed a new deal that will keep him at the ...
Rio Ferdinand to Retire This Season    
Former England captain and Queens Park Rangers defender Rio Ferdinand has said he plans to retire ...
Garcia: Roma Must Respond Following Bayern "Accident"     
AS Roma coach Rudi Garcia on Friday admitted that his team has a long way to ...
Mourinho: Costa Could Play Against Man United    
Jose Mourinho on Friday revealed that Chelsea striker Diego Costa could play at Manchester United on ...
Enrique: Suarez to Make Barca Clasico Debut     
Barcelona coach Luis Enrique on Friday confirmed that Luis Suarez will play in Saturday's Clasico vs. ...
Sporting Demands UCL Replay     
Sporting Lisbon has lodged a formal complaint with UEFA demanding a replay of its UEFA Champions ...
FIFA Rankings: USA Falls to 23rd    
Jurgen Klinsmann's USA fell six places to 23rd in FIFA's international rankings following a pair of ...
>> Section 2 Around the Net Archives