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San Diego keeps skeptical eye on AEG sale, stadium developments

Chargers

In most cases, what happens in Los Angeles is of little interest or importance in San Diego. For years a popular bumper sticker in San Diego proclaimed: "We Don't Give A Damn How They Do It In L.A."

But the push for a downtown football stadium in Los Angeles is different since the San Diego Chargers are considered one of the NFL teams that L.A. is eyeing hungrily. The Chargers have the right to relocate and the movement toward building a new stadium to keep them in San Diego appears stuck in neutral.

And so the imminent sale of the Anschutz Entertainment Group that wants to build an L.A. stadium and bring a team to the venue is of interest in San Diego.

When Tim Leiweke, president and CEO of AEG, says a sale of the mega-company won't change the push for a stadium and team, it's met with skepticism in San Diego.

"Speculation is a fun spectator sport, but the truth is that no one today knows what the proposed AEG sale will mean," said Mark Fabiani, point man for the Chargers ownership on issues of a replacement for aging Qualcomm Stadium.

Fabiani offers a list of questions:

"How long will the sale process take?  Will the legendarily tough negotiator Phil Anschutz be satisfied with the price he is offered?  Will the new owner have the will and the financial wherewithal to pay billions for AEG and then invest billions more in a downtown stadium? Will the new owner of AEG make a deal more favorable to the NFL than the one that Mr. Anschutz has offered?"

His conclusion: "Today, there isn't a single person who knows the answers to these questions."

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-- Tony Perry in San Diego  

Photo: Qualcomm Stadium in San Diego. Credit: Associated Press

 
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L.A. Now is the Los Angeles Times’ breaking news section for Southern California. It is produced by more than 80 reporters and editors in The Times’ Metro section, reporting from the paper’s downtown Los Angeles headquarters as well as bureaus in Costa Mesa, Long Beach, San Diego, San Francisco, Sacramento, Riverside, Ventura and West Los Angeles.
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