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SBD/6/Franchises
TOGETHER AGAIN ... OVITZ, BROAD WORKING ON STADIUM PLAN
Published July 6, 1999
L.A. bid group leaders Eli Broad and Michael Ovitz
"appear to have put aside their differences ... and have
begun working together with [NFL] officials to develop a
unified stadium and financing plan" to bring an expansion
team to the city, according to Liz Mullen of the
SPORTSBUSINESS JOURNAL. While Broad and Ovitz worked
together last week on a joint bid, "another effort was under
way to develop economic impact reports for the proposed
football team to potentially bolster the case for public
financing for a renovated" L.A. Coliseum. Meanwhile, CA
Gov. Gray Davis has hired real estate investment banker Bill
Chadwick to "oversee" the bid process "and look out for the
interest of the state," which owns the land around the
Coliseum. Chadwick has named consulting firms Keyser
Marston Associates, Recon Research Corp. and A.G. Edwards &
Sons "to prepare reports on the potential economic benefits"
an expansion team would bring the city (SPORTSBUSINESS
JOURNAL, 7/5 issue). Broad, on tension with Ovitz: "There's
absolutely no friction between myself, Ed Roski, Michael
Ovitz, Ron Burkle or the NFL" (L.A. TIMES, 7/5).
ELI SPEAKS OUT: Broad writes an Op-Ed in the
SPORTSBUSINESS JOURNAL and calls for L.A. to "stop bashing"
the league and "get its act together." Broad writes that a
new team in L.A. "will provide a significant boost" to the
city, county and state "by generating additional tax
revenue" and help bring future Super Bowls to the Coliseum.
Broad: "Time is growing short. If we are to meet the NFL's
September deadline [for a financing plan] ... our entire
community must rally around a plan that meets the NFL
halfway" (SPORTSBUSINESS JOURNAL, 7/5 issue).






