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Due to the Oakland injunction and the NFL injunction, the
Raiders played their 1980 and 1981 home games at the Oakland
Coliseum pursuant to individually negotiated 1-year extensions of
the previous lease. The Oakland injunction was dissolved on
June 9, 1980; reinstated on January 3, 1983; and ultimately
dissolved on August 10, 1984. The NFL injunction was dissolved
on May 21, 1982. The 1980 MOA was never implemented.
On July 5, 1982, the Raiders entered into a memorandum of
agreement (1982 MOA) with the LAMCC. The 1982 MOA provided that
the Raiders would begin playing their home games at the LA
Coliseum in 1982 and that the LAMCC would loan the Raiders
$6.7 million, at 10-percent interest, to be advanced as follows:
$675,000 per year for the first 4 years and $4 million no more
than 5 years from July 5, 1982. The $4-million advance was to
come from one or more sources, including potential damages from
an antitrust suit against the NFL or from rental payments from
the 1984 Summer Olympic Games. The loan was to be repaid with
12 percent of net receipts from operations of suites to be
constructed by the Raiders at the LA Coliseum. As to the
construction of the suites, the 1982 MOA provided:
4. The Partnership [Raiders] shall construct or
cause to be constructed the following:
(a) In the Coliseum - approximately 150 private
suites, together with all appurtenant and related
improvements; * * *
* * * * * * *
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