Sheldon R. and Phyllis Milenbach, et al. - Page 17

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          the first quarter of 1990, the Raiders sought a more specific               
          proposal from Irwindale, but none was forthcoming.                          
               Between 1987 and 1989, the Raiders were also engaged in                
          negotiations with other venues for possible stadium construction            
          and relocation.  The lawsuits arising out of the Irwindale MOA              
          were settled in October 1992.  The Raiders were not required to             
          repay the initial $10 million received from Irwindale.                      
          Bad Debt Deduction                                                          
               The Raiders, for some time prior to their move to Los                  
          Angeles, had contracted with Bob Speck Productions (Speck) for              
          the television and radio broadcast rights to certain games.                 
          Speck sold the commercial time during these broadcasts to various           
          advertisers.  By a letter dated April 9, 1986, Speck was granted            
          the rights to produce Raiders' broadcasts for the 1986, 1987, and           
          1988 NFL seasons.                                                           
               Speck entered into a contract with DCA Marketing and                   
          Promotional Services, Inc. (DCA), on May 28, 1986, that                     
          transferred certain of Speck’s rights to produce Raiders'                   
          broadcasts for 1986.  The Raiders were not a party to this                  
          contract.  Payments due under the Speck/DCA agreement were to be            
          made directly to the Raiders, however.                                      
               At the end of 1986, Speck still owed $200,000 on the                   
          agreement for the 1985 broadcast rights.  Of the amounts due for            
          the 1986 broadcasts, $750,000 was not paid.  Final payments under           






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