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SBD/Issue 96/Facilities & VenuesPrint All
Davis Says Reported Icy Relationship
Between Raiders-49ers Is Misconception
NO CHANGES COMING: In Oakland, Monte Poole notes Davis in September said that the Raiders would "benefit from another authoritative voice" in the front office. But as Davis yesterday introduced Tom Cable as head coach, he said he is "just not ready" to bring in a new exec. Poole: "It has to be downright discouraging for those who wanted to think Al was ready to share high-level authority in hopes of forming a brain trust capable of leading the Raiders out of the NFL wilderness. It means the Raider Nation likely will be fed another bowl of what it has been served for years. It may not be what's needed or wanted, but it's what Al decides to give." The Raiders "have not addressed their biggest issue," they have "simply changed their appearance." The team has "put a different suit on a seriously ill man" (OAKLAND TRIBUNE, 2/5).
Secondary-ticketing company Viagogo has secured $15M of additional funding to support its global expansion efforts. Former ATP Tour player Andre Agassi and Int'l Tennis HOFer Steffi Graf are among the new investors contributing to the funding (Viagogo). Viagogo said that Agassi and Graf "have invested a seven figure sum" and "will sit on the advisory board" (REUTERS, 2/4).
Viagogo Feels Graf (l), Agassi (r) Can Help
Company Expand Into European Markets
PRICE CHECK: The WALL STREET JOURNAL's Ty McMahan cited a source as saying that the new funding "values Viagogo at more than $300[M]." McMahan noted Viagogo charges buyers a 10% fee and sellers a 15% fee on each confirmed transaction and handled $100M in transactions in '08. Baker "expects total sales to double or triple this year, though he didn't provide specific figures." Baker said that the company "was on a clear path to profitability without the extra funding, but wanted to push into new markets, particularly Western Europe" (WSJ.com, 2/4).
Writer Feels Citi Field Should Instead
Be Named For A Random Taxpayer
ON THE RISE: In Milwaukee, Don Walker cites new data from the five-county Miller Park stadium district as indicating that $26,689,753 in total stadium sales-tax collections were made in '08, which was "3% higher than the previous year." Miller Park Stadium District Exec Dir Mike Duckett said that the January sales-tax distribution from the Wisconsin Department of Revenue "totaled $2,089,529," a 21% increase over the January '08 distribution (MILWAUKEE JOURNAL SENTINEL, 2/4).
COMMUNITY'S TEAM: The SILICON VALLEY/SAN JOSE BUSINESS JOURNAL's David Goll reports A's officials "hope to defuse concerns ... over traffic, light and noise" from residents near the team's proposed Cisco Field in Freemont, California. The team is "even willing to limit the number of weekday home games" at the ballpark "to mitigate their impact on a local school." A's co-Owner Keith Wolff said that the team "will offer to play only four midweek day games during any given season to minimize ballpark-generated traffic during school hours" (SILICON VALLEY/SAN JOSE BUSINESS JOURNAL, 1/30 issue).