On Egbert Perry, Ronnie Lott, Mayor Schaaf, The Oakland Raiders NFL Stadium Deal To Date
On Egbert Perry, Ronnie Lott, Mayor Libby Schaaf, The Oakland Raiders NFL Stadium Deal To Date Egbert Perry, the Fannie Mae Board Member and Chairman and CEO of The Integral Group, a real estate development organization based in Atlanta, Georgia, and his business associate Sorina Givelichian of Stadium Real Estate Partners LLC, may have learned a little something about trying to punk an NFL Hall of Famer: Ronnie Lott. Especially one that has an signed Memorandum of Understanding (MOU) with the City of Oakland and The County of Alameda to develop the Coliseum property and a stadium for the Oakland Raiders. Perhaps Mr. Perry's association with Ms. Givelichian and with a wonderfully colorful set of hedge fund managers caused him to think he could pull a fast one, as one of my sources seems to believe. For reasons that I'm not able to completely pin down at this time, a letter of intent sent directly to me via an Oakland Raiders fan, and that contains an offer to buy the Oakland Coliseum Stadium and the land (but not Oracle Arena), from a group that does not include Ronnie Lott (so reports that there are “ties” to Lott, or “led by Ronnie Lott” as if this move was done on his behalf, aren't correct), but has the following: Stadium Real Estate Partners LLC, which, according to the letter, is owned and controlled by Legacy Investment Partners LLC, which is owned by New York-based Park South Capital LLC. In turn, those entities are managed by Investment Banker Sorina Givelichian, who's Linkedin has her listed as “Director, Institutional Solutions at Russell Investment Group” of Toronto, Canada. Ms. Givelichian looks for every bit like a cross between a Bond Girl and “Max”, the character played by Vanessa Redgrave in Tom Cruise' Mission Impossible. Moreover, Sorina Givelichian's Twitter account @sgivelichian is protected, which means she doesn't want you to see what she's tweeting about. My guess is it has something to do with the newly hatched work she and Perry are doing in trying to acquire sports and entertainment-related properties. Like in Arizona. The same Stadium Real Estate Partners LLC sent a similar letter of intent to the Maricopa County Stadium District over one month ago, August 11th. In that case, they offered $60 million for Chase Field Stadium. That letter contains an intent to “raise its offer to match appraised value” - something to note and which could apply to the Oakland Coliseum Land Offer by the same Stadium Real Estate Partners LLC. The difference between the two Stadium Real Estate Partners LLC deal proposals is that the Oakland one is centered around a proposed price of $167,360,000 – and which they say is a price that can defease “the current bond obligation” of $165,360,000. That refers to the remaining payments that are split between the City of Oakland and the County of Alameda from the original “Raiders Deal” that altered the Oakland Coliseum to accommodate the needs of both the Silver and Black and the perennial tenants the Oakland Athletics, but was not made to a state-of-the-art stadium standard at that time. (And explains the reason for a number of stadium maintenance and facility design adjustment needs that were noted on a so-called 'punch list' made in 1997 by Ezra Rapport, then Oakland's Assistant City Manager, and the architect of the original “Raiders Deal”.) Thus, two things are clear: the offering price by Stadium Real Estate Partners LLC was only given to help deal with the bond debt remaining, and was not based on an assumption of land value, however, it's quite clear Stadium Real Estate Partners LLC is capable of offering more money to the City of Oakland and The County of Alameda. But it's also clear that Oakland Mayor Libby Schaaf is not ready to deal with Stadium Real Estate Partners LLC at this time (maybe later). Mayor Schaaf called while I was writing this post to say the following: “Its my understanding that Egbert Perry and Ronnie Lott both know each other and are friendly,” she said, “The only people that formally represent the Lott Group are Lott and Rodney Peete to my understanding.” Schaaf continued “We aren't considering it for recommendation at this time because we want an agreement with the NFL. I am committed to keeping the Raiders and The League at the center of the deal. We can't give up our right to control the destiny of what happens to that land (at the Coliseum). A new stadium that keeps the Raiders in Oakland, but is responsible to the team, the league and the taxpayer – and enhances economic vitality around the Coliseum and delivers community benefits.”
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Wednesday, September 21, 2016
Mizuno goes to bat for Atlanta Braves with new deal at SunTrust Park – Atlanta Business Chronicle
Mizuno goes to bat for Atlanta Braves with new deal at SunTrust ParkAtlanta Business ChronicleTwo metro Atlanta sports companies joined forces to renew an effort aimed at increasing one company’s presence in its hometown while enhancing the other company’s customer experience. The Atlanta Braves inked a new multi-year, multifaceted …Mizuno partners with Atlanta Braves with […]
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Atlanta Falcons vs New Orleans Saints preview: Keanu Neal returns – UPI.com
UPI.comFlorida safety Keanu Neal holds his jersey after being selected by the Atlanta Falcons with the 17th overall pick in the 2016 NFL Draft on April 28. He’s expected to return from an injury for Monday’s game against the New Orleans Saints. File photo by …Falcons – Saints odds: Atlanta’s not favored on Monday Night […]
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Atlanta rapper identified in fatal crash – 11alive.com
11alive.comATLANTA – Atlanta rapper Carlos Walker, aka “Shawty Lo”, was killed in a crash Wednesday morning. The Moultrie, Georgia native was 40 years old. Atlanta radio personality Ryan Cameron broke the news on Twitter and tributes followed. The Fulton County …Atlanta rapper Shawty Lo killed in fiery crashAtlanta Journal Constitution‘Laffy Taffy’ Rapper Shawty Lo Dies […]
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Atlanta rapper-activist Killer Mike honored by Driller Mike – Washington Post
Washington PostATLANTA — Atlanta-based rapper and activist Killer Mike is getting the honor after a naming contest for a massive 400-foot-long tunnel-boring machine that enable the city to store a month’s worth of water underground. Atlanta officials announced …Tunnel boring machine named after Atlanta-based rapper Killer MikeWTVM all 3 news articles …read more From:: Atlanta […]
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Game Over: The 2016 Atlanta Braves – Yahoo Sports
Yahoo SportsSorry, Atlanta Braves, your World Series trophy is in another castle. Probably near Cobb County somewhere. The Braves were the first team to be eliminated from playoff contention in the National League, which isn’t altogether surprising, the way they …Dansby Swanson showing why Braves were confident he was readyAtlanta Journal Constitution all 7 news […]
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Tuesday, September 20, 2016
Game Over: The 2016 Atlanta Braves – Yahoo Sports
Yahoo SportsSorry, Atlanta Braves, your World Series trophy is in another castle. Probably near Cobb County somewhere. The Braves were the first team to be eliminated from playoff contention in the National League, which isn’t altogether surprising, the way they …Dansby Swanson showing why Braves were confident he was readyAtlanta Journal Constitution all 7 news […]
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Review: On ‘Atlanta,’ Darius teaches Earn to trade in ‘The Streisand Effect’ – HitFix
HitFixAtlanta has been doing well both critically and commercially, but it’s also by far the least interested in actually exploring the music business, or how to get rich from it. Earn latched on as Alfred’s manager because he thought he could find money and …Season 1, Episode 3 – “Go For Broke”PopMatters all 4 news […]
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Cody Kessler QB Cleveland Browns 3rd Starter In Three Games #CodyKessler
Cody Kessler QB Cleveland Browns 3rd Starter In Three Games #CodyKessler
Cody Kessler QB Cleveland Browns 3rd Starter In Three Games #CodyKessler USC's Cody Kessler is a rookie who can get it done for the Browns. Trouble is, Cleveland keeps having problems only The Browns seem to have. RG3, then Josh McKown, go down with injury in successive weeks - now it's Kessler's turn....
via YouTube http://youtu.be/ebJHwcDP3f0
Cody Kessler QB Cleveland Browns 3rd Starter In Three Games #CodyKessler USC's Cody Kessler is a rookie who can get it done for the Browns. Trouble is, Cleveland keeps having problems only The Browns seem to have. RG3, then Josh McKown, go down with injury in successive weeks - now it's Kessler's turn....
via YouTube http://youtu.be/ebJHwcDP3f0
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