Advertisement

Raiders Get New Coliseum Offer; Davis Decision May Be Near : Football: Mayor Bradley called a City Hall meeting to encourage the team to accept the latest deal proposed by the arena’s private managers.

Share via
TIMES STAFF WRITER

A new offer by the Los Angeles Coliseum’s private managers to keep the Raiders playing football in the facility was made to team owner Al Davis this week at a time when those privy to the discussions believe Davis may at last be about ready to make up his mind between Los Angeles and Oakland.

“I think he’s at the moment of truth,” said one participant in a meeting that took place Monday at City Hall in the presence of both Davis and Mayor Tom Bradley. The participant spoke Wednesday, as did all other sources, on condition that they not be identified.

Bradley called the meeting to encourage the Raiders to accept the new offer by Spectacor Management Group, and after it was over one source said:

Advertisement

“I think Davis will take this. . . . He sounded calm. He didn’t talk in the staccato fashion he usually does. It seemed like he felt he wasn’t in a trap. I think this deal flies.”

Davis, who has a contract to play in the Coliseum through 1991, did not return a call for comment on the situation.

The Raiders owner has in hand a $127-million offer from Oakland with a September deadline for acceptance or rejection.

Advertisement

On the other hand, if he is going to remain in Los Angeles, sources believe he may want to say so in advance of the beginning of the National Football League regular season games next month. Such an announcement would be expected to buttress season ticket sales, which have lagged this summer because of uncertainty about the team’s future.

According to the sources, Spectacor would pay $20 million to the Raiders before Coliseum renovations were complete, and $10 million of this would come before the proposed renovations had even been subject to an environmental impact study.

The advance payments would be entirely in private funds.

But unlike Irwindale’s advance payment of $10 million to the Raiders in 1987, which was forfeited after its failure to bring together financing and land for a Raiders stadium there, the Raiders would have to agree to indemnify Spectacor in some way if the Coliseum renovation does not come together.

Advertisement

The sources said that if the $100-million-plus Coliseum renovation were to founder as a result of problems with environmentalists or historic preservationists, or if Davis were to decide in the meantime to move the team elsewhere, then the Raiders would have to take Spectacor with them as managers of their new stadium in some other city, or be required to repay most of the advance money over a period of years.

Spectacor earlier had balked at making large advance payments to Davis on grounds it could lose all its money if obstacles arose over which it would have no control.

Other details of the new offer to the Raiders were not available.

Bradley and Spectacor chief Ed Snider have expressed confidence that the Coliseum renovation--calling for luxury boxes, thousands of club seats and moving the Coliseum seating closer to the field--would clear all hurdles and be ready for construction by the end of the 1991 playing season.

It has previously been stated by both Bradley and Coliseum commissioners that, aside from a $15-million loan of Coliseum funds for the renovation, it would be financed privately.

The $15-million loan would come from funds the Coliseum Commission received in damages from the National Football League as a result of the Raider-Coliseum Commission suit against the league for impeding the Raiders’ move from Oakland in the early 1980s.

Among those present at Bradley’s meeting Monday were representatives of USC, the other major Coliseum tenant, and labor leader Bill Robertson, whom Bradley reappointed to the Coliseum Commission recently to help facilitate a new Raider deal.

Advertisement

Sources said they now have the impression that Davis will return to Oakland only if he is convinced that Los Angeles interests are incapable of coming up with an acceptable offer.

They said Davis’ reply to the latest offer could come as early as this week. But such optimism in the past has often not been borne out during the complex negotiations that have continued sporadically for more than a year.

Advertisement