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 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
MLS Power Rankings: Crew SC jumps up 11 spots    
Idle FC Dallas stayed No. 1 in Soccer America's MLS Power Rankings, but the Portland Timbers ...
USA-Panama: Americans not expecting another 6-0 win    
The USA men's team has never lost in Panama City and buoyed by a 6-0 stomping ...
Video Pick: All Pulisic touches vs. Honduras    
The 18-year-old Christian Pulisic scored and had two assists in the USA's 6-0 win over Honduras, ...
Video Pick: Ronaldo hits 70th with perfect free kick    
Cristiano Ronaldo's second goal, a low, far-range free kick off the inside far post, in a ...
Datebook: Hexagonal Matchday 4    
The USA will face Panama Tuesday with a chance to move back into the top three ...
Hex Files: Pinto stays on as Honduras coach -- for now    
What They're Saying: Adrian Heath    
"Every time they attacked it looked like they were going to score ..." -- Minnesota United ...
What They're Saying: Megan Rapinoe    
"I don't think there's any perfect way to protest. I think if there was something else ...
Crowd Count: Three USL teams set records in openers    
Three USL teams set club attendance records on opening day, topped by the Richmond Kickers, who ...
MLS Injury Report: Grella out with knee injury    
The New York Red Bulls lost midfielder Mike Grella indefinitely while he undergoes treatment on his ...
>> Soccer America Daily Archives