SBD/Issue 56/Franchises

Chargers Deny Report That Anschutz Is Buying 35% Stake In Team

Chargers Maintain They Will Sell Minority Share
Of Team, But There Is No Timetable

The Chargers yesterday "denied a radio report" from Toronto's The Fan 590-AM that they have sold or soon will sell 35% of the franchise to AEG Chair Philip Anschutz, according to Scott Bair of the NORTH COUNTY TIMES. The Chargers denied that "any part of the team has been sold to Anschutz." Chargers Special Counsel Mark Fabiani in an e-mail said, "There is no truth to the rumor out of Toronto that the Chargers have agreed to sell a portion of the team to Mr. Anschutz." The Chargers have acknowledged that they "will sell a minority share of the team, but there is no timetable to complete the transaction" (NORTH COUNTY TIMES, 12/1). In San Diego, Matthew Hall notes AEG "recently proposed building an NFL stadium" in downtown L.A. The company's proposal is "one of two serious plans to bring football back to the No. 2 television market in the country," along with Majestic Realty Chair & CEO Ed Roski's effort to build an NFL-ready stadium in nearby City of Industry (SAN DIEGO UNION-TRIBUNE, 12/1).

ADDING SOME MAGIC: Basketball HOFer Magic Johnson last night announced during an appearance on ABC's "Jimmy Kimmel Live" that he is partnering with AEG to help "bring the NFL back" to L.A. Johnson: "I definitely want to bring the NFL back to Los Angeles. ... I think the owners want a team here. I think the commissioner, who is doing an incredible job with the NFL, I think he wants it here. I think we want it here as fans." He noted the team would "probably have to be an existing team because I don't think the NFL wants to expand." Johnson: "I'm sure some teams out there would be willing to move here." Kimmel asked, "If there's an owner that has a team how would you be involved?" Johnson: "We would love to partner with that owner and then be involved in the stadium as well" ("Jimmy Kimmel Live," ABC, 11/30).

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