The company that was formed in the hopes of bringing an NFL team back to Los Angeles added a powerful player to its roster today.
Carson Holdings, created jointly by the Chargers and Raiders to explore the possibility of moving one of the franchises to Los Angeles, announced that it was naming Disney CEO Bob Iger its Non-Executive Chairman, putting the responsibility of hiring the group’s president squarely on his shoulders.
At a whopping salary of $1, there’s no direct financial gain for Iger, though it appears Iger’s contract does allow him the option to buy into either Los Angeles franchise at a later date. The contract doesn’t affect Iger’s job as Disney CEO and gives him an out in situations where there might be a conflict of interest.
City officials from San Diego, St. Louis, and Oakland are meeting with NFL owners’ committees to update them on their efforts to keep each team in its current city.
What kind of firepower does this add to the Los Angeles bid for an NFL team? How exactly will Iger be involved in the process? What are the other stipulations of his contract?
Jason Cole, NFL reporter for Bleacher Report