Robert Iger, chairman and chief executive officer of the Walt Disney Company, has agreed to become the non-executive chairman of the company behind the development of a $1.75-billion stadium for the Raiders and Chargers in Carson, the Orange County Register has learned.
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Current Disney CEO Bob Iger will put his clout behind the NFL’s expansion to Los Angeles.
The mayor of San Diego’s battle to build a new stadium and keep the Chargers from leaving is now starting to really look like the story of David and Goliath.
In the move, which the clubs could announce shortly, Iger would oversee all major initiatives with the stadium venture, guiding construction and operation. His annual compensation will be $1.
Schaaf left the meeting in NY without talking with news media there.
All three franchises held town hall meetings surrounding the matter last month. Through a spokeswoman, Schaaf (no relation to the Missouri state senator) said the city would pay for infrastructure improvements that would serve a new stadium, but she plans to make a case to team owners that Oakland is still the best place for the team.
“So the subsidy awards tend to just be gifts to the teams”, Porter said.
“If her objective is to be a good steward of the public money, then what she’s doing is exactly right”, said David Berri, an economics professor at Southern Utah University.
“That’s where they’ll see no one knows what to do, and it will be up to Roger (Goodell) to get Stan and Dean together”, said the source, who is intimately involved in the process.
His position will go into effect if the proposed site in Carson is approved by National Football League team owners, who are expected to vote on the proposed move early next year.
With the weight of one of the world’s most prominently recognizable CEOs behind it, the move to Los Angeles for both the Chargers and Raiders appears to be a matter of if, not when.
Iger’s presence on the Carson ticket should give owners confidence in the project, which is directly competing with Rams owner Stand Kroenke’s stadium proposal in Inglewood.
NFL football may be returning to Los Angeles soon, thanks to Mickey Mouse’s boss.
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As non-executive chairman, Iger would be the project’s strategic leader, would select a president for Carson and would have the option of acquiring a minority ownership stake in either team. “There was a receptiveness of hearing directly from us”, the mayor said.
