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Report: Buffalo Bills NOT in the mix for proposed LA stadium
Andy Roth Reporting
aroth@entercom.com
In the past, when there are stories circulated about NFL franchises that might move, the Buffalo Bills are usually involved. On Friday, Bills fans will be happy to know the team missed a big list. The Orange County Register sat down with AEG President Tim Leiweke, the point person for Farmers field, the proposed downtown Los Angeles stadium.
Leiweke said that his group is hoping to "acquire majority ownership in an NFL franchise" and has spoken to executives with five teams: Minnesota, San Diego, Oakland, St. Louis and Jacksonville. However, while Lieweke added that "we're not packing any (moving) vans right now," the AEG President did say they would help finance a move by helping teams terminate their leases. "Just as an example, if it's San Diego, they would have to pay $24 million under their agreement to get out of the lease. We would pay that."
The group is hoping to get a memorandum of understanding from the city of Los Angeles on the economic deal by the end of July so the project can get off of the ground. AEG has already said they would not pursue an NFL team until the labor situtaion was resolved but wants to have the project completed with a team in place for the 2016 season.
Stay tuned to WGR - Sports Radio 550 for the latest on this story.
Report: Buffalo Bills NOT in the mix for proposed LA stadium
Andy Roth Reporting
aroth@entercom.com
In the past, when there are stories circulated about NFL franchises that might move, the Buffalo Bills are usually involved. On Friday, Bills fans will be happy to know the team missed a big list. The Orange County Register sat down with AEG President Tim Leiweke, the point person for Farmers field, the proposed downtown Los Angeles stadium.
Leiweke said that his group is hoping to "acquire majority ownership in an NFL franchise" and has spoken to executives with five teams: Minnesota, San Diego, Oakland, St. Louis and Jacksonville. However, while Lieweke added that "we're not packing any (moving) vans right now," the AEG President did say they would help finance a move by helping teams terminate their leases. "Just as an example, if it's San Diego, they would have to pay $24 million under their agreement to get out of the lease. We would pay that."
The group is hoping to get a memorandum of understanding from the city of Los Angeles on the economic deal by the end of July so the project can get off of the ground. AEG has already said they would not pursue an NFL team until the labor situtaion was resolved but wants to have the project completed with a team in place for the 2016 season.
Stay tuned to WGR - Sports Radio 550 for the latest on this story.
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