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View Full Version : Raiders trying to sell more stake in team, back to LA?


NIN1984
01-04-2009, 01:13 PM
The Oakland Raiders (http://sports.espn.go.com/nfl/clubhouse?team=oak), through owner Al Davis and Raiders chief executive Amy Trask, are negotiating to sell off another percentage of the team, this time to a billionaire who has been trying to buy a franchise with designs on moving it to Los Angeles, according to league sources.


Trask has been spearheading negotiations with a group headed by C. Dean Metropoulos in a transaction that would sell at least 10 percent stake in the Raiders, sources said. Forbes Magazine has estimated the Raiders' value at a little more than $800 million, but league sources say the calculation is closer to $700 million.


The Raiders sold 20 percent of the team in October 2007 to three businessmen to get more cash infusion, which is also the goal on the latest transactor, the sources said. However, the 2007 sell-off did not give those investors an option to purchase the team and Davis remained in control as majority owner.


Metropoloulos' lead broker is trying to negotiate a purchase option on the Raiders within 3-5 years upon closing the deal, sources said.


Metropoulos had been identified previously by the Philadelphia Daily News last offseason as an aggressive buyer with a desire to relocate a franchise to Los Angeles. He has publicly denied his reported attempts, but sources confirm their veracity.


The Raiders and Jaguars were teams previously identified among those franchises and the latest round of talks with Oakland have been renewed after Jacksonville owner Wayne Weaver rebuffed Metropoulos' bid because he opposed any plan to relocate the franchise, sources said.

Chris Mortensen is a senior NFL analyst for ESPN.

619
01-04-2009, 01:44 PM
This is the best news I've heard in a long, long time. Hang in there Raider Nation, 3-5 more years to go !!! :D

doingthisinsteadofwork
01-04-2009, 02:05 PM
franchise with designs on moving it to Los Angeles,
lame......

619
01-04-2009, 02:06 PM
lame......

But Al will be gone ... ;)

RaiderNation
01-04-2009, 02:17 PM
Id rather have Al Davis be alive and it stay in Oakland then for us to be in LA. It means I can go to any of there games unless I want to drive for 4 hours.

Stash
01-04-2009, 03:47 PM
Id rather have Al Davis be alive and it stay in Oakland then for us to be in LA. It means I can go to any of there games unless I want to drive for 4 hours.
Same here, it wouldn't be the same if they were in LA. That would suck major balls.

NIN1984
01-04-2009, 04:59 PM
Al Davis blasts ESPN report that he's selling part of Raiders


The Raiders dismissed an ESPN report Sunday that said managing general partner Al Davis is negotiating to sell part of the team to a group with designs on moving it to Los Angeles.

The report was written by ESPN's Chris Mortensen, who Davis called "a professional liar" on Sept. 30 for his penchant for writing stories about the Raiders without attributing them to named persons employed by the Raiders.

On Sunday, Mortensen wrote that Davis and chief executive Amy Trask are negotiating a transaction with a group led by C. Dean Metropoulos a transaction that would turn over at least 10 percent of the Raiders. Mortensen attributed the story to unnamed "league sources."

Raiders senior executive John Herrera spoke with Davis on Sunday morning and characterized Davis' reaction to the report as "incredulous." He also vehemently denied the report.

"The report from Chris Mortensen which states that the Raiders, Al Davis and Amy Trask are in negotiations with Dean Metropoulous to sell the team is totally unfounded and false," Herrera said. "Once again, for reasons known only to him, Mortensen has fabricated a story which has no basis in fact."

Davis owns a bigger stake in the Raiders than any of the other shareholders. He sold approximately 20 percent of the team in October of 2007 to three investors as a means of infusing more cash into the day-to-day operations of the franchise.

That transaction did not cede any control to the three investors or give them an option to purchase the team at some point.

Mortensen's report said Metropoulos' group is seeking a purchase option within three to five years. The Philadelphia Daily News last year said Metropoulos has a desire to move an NFL team to Los Angeles.

The ESPN report said that Metropoulos has publicly denied any such intent. However, it also said league sources confirmed Metropoulos' intent to occupy the Los Angeles market.

"Al Davis owns the Raiders and some day his son, Mark Davis, will own the Raiders," Herrera said. "Every facet of this story is dead wrong."

Mortensen did not quote anyone from the Raiders. Herrera said Mortensen did not contact him, Davis or Trask for his report.

"It's amazing that he would report a story that is totally fabricated and do so without contacting anyone from the Raiders," Herrera said.

Abaddon
01-04-2009, 05:17 PM
Death, selling out, whatever. Just get Al the hell out of there. They can move the team to Biloxi for all I care. If Al's gone, I'm in.

RaiderNation
01-04-2009, 05:26 PM
Al Davis blasts ESPN report that he's selling part of Raiders


The Raiders dismissed an ESPN report Sunday that said managing general partner Al Davis is negotiating to sell part of the team to a group with designs on moving it to Los Angeles.

The report was written by ESPN's Chris Mortensen, who Davis called "a professional liar" on Sept. 30 for his penchant for writing stories about the Raiders without attributing them to named persons employed by the Raiders.

On Sunday, Mortensen wrote that Davis and chief executive Amy Trask are negotiating a transaction with a group led by C. Dean Metropoulos a transaction that would turn over at least 10 percent of the Raiders. Mortensen attributed the story to unnamed "league sources."

Raiders senior executive John Herrera spoke with Davis on Sunday morning and characterized Davis' reaction to the report as "incredulous." He also vehemently denied the report.

"The report from Chris Mortensen which states that the Raiders, Al Davis and Amy Trask are in negotiations with Dean Metropoulous to sell the team is totally unfounded and false," Herrera said. "Once again, for reasons known only to him, Mortensen has fabricated a story which has no basis in fact."

Davis owns a bigger stake in the Raiders than any of the other shareholders. He sold approximately 20 percent of the team in October of 2007 to three investors as a means of infusing more cash into the day-to-day operations of the franchise.

That transaction did not cede any control to the three investors or give them an option to purchase the team at some point.

Mortensen's report said Metropoulos' group is seeking a purchase option within three to five years. The Philadelphia Daily News last year said Metropoulos has a desire to move an NFL team to Los Angeles.

The ESPN report said that Metropoulos has publicly denied any such intent. However, it also said league sources confirmed Metropoulos' intent to occupy the Los Angeles market.

"Al Davis owns the Raiders and some day his son, Mark Davis, will own the Raiders," Herrera said. "Every facet of this story is dead wrong."

Mortensen did not quote anyone from the Raiders. Herrera said Mortensen did not contact him, Davis or Trask for his report.

"It's amazing that he would report a story that is totally fabricated and do so without contacting anyone from the Raiders," Herrera said.

I hope this is true!!!! Dont leave Oakland

Stash
01-04-2009, 10:03 PM
I wouldn't be surprised if this was partially true. If I had to guess I would say this part is true: On Sunday, Mortensen wrote that Davis and chief executive Amy Trask are negotiating a transaction with a group led by C. Dean Metropoulos a transaction that would turn over at least 10 percent of the Raiders. Mortensen attributed the story to unnamed "league sources." As the article said earlier it's a similar move to the one he made a couple years ago. Maybe things fell through because Metropoulous wanted the whole shabang? Just my 2 cents.

doingthisinsteadofwork
01-05-2009, 12:41 AM
I'm in agreement with Abbadon.The best situation is to have Al gone and remain in Oakland.But if the team is gonna be moved to get rid of Al, LA,Biloxi, it doesn't matter.They're the only team for me.

Borat
01-05-2009, 01:22 AM
I hope you relocate to LA to keep the 49ers from doing it.

doingthisinsteadofwork
01-06-2009, 10:39 PM
Shouldn't the Niners be in Santa Clara by now?

Borat
01-06-2009, 11:44 PM
Shouldn't the Niners be in Santa Clara by now?

They should, but they won't. The stadium plans for SC aren't feasible. That's just window dressing anyway. The team will complain about not getting a new stadium in SF and SC and will eventually move south to LA ... unless the Raiders get there first.

RAVENS/WIZARDS/ORIOLES
01-06-2009, 11:47 PM
someone get butters to shoot al davis in the DIIICK

doingthisinsteadofwork
01-07-2009, 10:26 PM
They should, but they won't. The stadium plans for SC aren't feasible. That's just window dressing anyway. The team will complain about not getting a new stadium in SF and SC and will eventually move south to LA ... unless the Raiders get there first.
Even if we don't and the Niners try to Al Davis will sue.Thats if he knows whats going on.