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Sterling's little tax shelter.
Link
Clips could be playing elsewhere next season
LOS ANGELES (AP) -- The Clippers might be in the market for a new home next year.
The team's six-year lease at Staples Center expires at the end of this season, and no agreement has been reached beyond that.
Michael Roth, vice president of communications for Anschutz Entertainment Group, said Tuesday that the parties have been negotiating to extend the lease for some time and are "working to resolve the issue."
Tim Leiweke, president and CEO of AEG, which owns Staples Center, wouldn't comment.
Leiweke was quoted Monday in a story in Los Angeles Downtown News, a weekly publication, that AEG was contemplating whether it wanted to extend the lease.
"We actually would make more money if instead of having 40 Clippers games we had five concerts," Leiweke said. (Ed.: And there probably would be more basketball being played) "The Clippers' issue is in negotiations now. Their lease is up after this year and ironically, shockingly, we've got to make a decision as to whether we want them back. We're not sure."
Roth said the actual interview took place three weeks ago, and Leiweke's comments were a small part of the story on Staples Center's fifth anniversary. The arena opened in 1999.
Roth acknowledged it was possible Staples would reap more benefits from five concerts than a season of Clippers home games.
Joe Safety, the Clippers' vice president of communications, didn't immediately return a telephone call.
One possible alternative for the Clippers is Anaheim Arena, where they played as many as six games a season for several years when the Los Angeles Sports Arena served as their home.
Sterling's little tax shelter.
See. That's why Kobe should have signed. He could be playing in Anaheim.
Someone in another thread talked about the Hornets might be forced to move soon. What about these poor clowns? I don't know anyone in SoCal anymore, but it sounds like the city of Anaheim (and Orange County, for that matter) is sure trying for a separate iden y from LA. Anaheim Clippers, Anaheim Angels, Mighty Ducks of Anaheim?
That's a pretty harsh statement that the arena would make more money on five concerts than 40 Clips games. Does that mean that paid attendance is only one-eighth of arena capacity? Wow, your team is so ty that the arena is evicting you. Has that ever happened to a pro sports franchise?
Hey Don, if you're forced to move, can you get some new uni's for your boys?
Not much of a shelter, as Sterling is undoubtedly making some significant jack and his basis will probably be fairly low for whenever he actually does cash out.
Last edited by Marcus Bryant; 10-12-2004 at 09:21 PM.
Move 'em to El Paso
Sell them to either Joe or Gavin (one can keep Sacto), and let them move to Vegas.
Move them to Concord, California.
Actually, wasn't a move to Anaheim one of the carrots Sterling held in front of Kobe (shorter commute)?
Yes because it's close to Kobe's Newport home.
I'm as big of a Sterling basher as the next guy, but concerts just bring more jack in the door, period. The lowest ducat you can get for a concert at the SBC is forty five ing dollars. There are Spurs seats up in the corners that you can get for nine dollars. Concerts are a ing ripoff, but they do make money.That's a pretty harsh statement that the arena would make more money on five concerts than 40 Clips games. Does that mean that paid attendance is only one-eighth of arena capacity?
Steling may have the concession and/or parking rights for the Clipper games whereas Staples would have that for concerts. Just guessing.
jr
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