49ers, Vikings Stadium Financing Update: NFL Financing

by David Fucillo on May 19, 2011 6:00 AM PDT in 49ers Stadium

A couple days ago I posted about how the NFL was supposedly close to announcing something in regards to financing for the Minnesota Vikings stadium project. There have been some issues as to how much the state would pitch in and the NFL is looking at ways to help. I was a bit concerned about the supposed announcement because we all know the 49ers have serious issues ahead of them when it comes to financing their own stadium.

Well, the good news (sort of) is that the 49ers are in basically the same boat as the Vikings:

"It is the same assurance that any team has, which is that the clubs will consider requests by a team for a club-seat waiver in which a portion of club-seat revenue that goes to the visiting team sharing pool instead is used toward stadium construction financing for a period of time," NFL spokesman Greg Aiello said. "Each request is reviewed on a case-by-case basis and must be approved by a three-fourths vote of the clubs."

I'm not quite sure how many teams have requested approval or been denied, but I have to think most teams recognize the value of new stadiums. More revenue for one team benefits the league as a whole. Of course, this is all contingent on getting a new CBA done so the G3 fund can be figured out. Fingers crossed for one more reason!

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This is one of the major reasons there actually is a lockout

The NFL wants to incentivize the building of new stadiums because it increases the value of franchises (and also drags the value of the crappy franchises up in the process). Hard to do that when you have enough money to keep the lights on but not to reinvest.

Kaepernick may have some growing to do as a passer, but you don't get to 10,000 yards passing in college without being able to read a defense.
Twitter me at twitter.com/grantmp1

by grantmp on May 19, 2011 7:25 AM PDT reply actions

Thanks for news Fooch

If I may ask a non-related Q that just came to me this a.m.: Why don’t I see guys working out with ball machines? I remember that VD was a fiend with his attempt to become a premier receiver. We have a new guy to convert to FB. In the WC he’d better be able to flair out & catch passes. We have (un-named) guys who have a rep for dropping balls (you know who you are.)
How easy is it to get such machines? Could a team rent ;) one of theirs out?

by oldfoggy on May 19, 2011 8:00 AM PDT reply actions