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Irsay Says No Discount For Any Stake In NFL Team Moving To L.A.
Published October 12, 2011
UNANSWERED QUESTIONS LOOM: ESPN L.A.'s Arash Markazi noted, "Despite dropping his initial ownership demand, Roski's proposal still has plenty of holes for league owners." Roski's plan "still does not answer the question of how the stadium will be financed." In his most recent plan, Roski "wants to buy a minority share of the team and is asking the team to figure out how to finance the stadium after moving" to L.A., which offers no public money for stadiums. Markazi noted the NFL "will not allow a team to relocate to Los Angeles unless financing for the new stadium has been secured, and it would be impossible for a team to secure financing for a stadium in Los Angeles while still in its current city" (ESPNLA.com, 10/11).