16 the-game expenses), and 34 percent to the visiting team. Skybox revenues are not shared with other teams. A team can earn millions of dollars from skyboxes. 3. Los Angeles Memorial Coliseum Commission v. NFL In early 1980, Al Davis (Davis), the general partner of the Oakland Raiders ownership group, sought to move that team to Los Angeles. The other 27 NFL owners opposed the Raiders' move. In 1980, a suit entitled Los Angeles Memorial Coliseum Commission (LAMCC) v. National Football League was pending in the Federal District Court in Los Angeles. LAMCC filed that suit when the Rams left the Los Angeles Memorial Coliseum to play in Anaheim. On March 25, 1980, Davis filed a $160 million antitrust suit against the NFL and joined that suit to LAMCC v. NFL, supra. The District Court set a jury trial to hear LAMCC's and the Raiders' claims of antitrust violations by the NFL. The existence of the litigation was disclosed in the financial statements of the Cincinnati Bengals, Inc., for the fiscal year ending February 28, 1982, which described the suit and contained the following statement: In the opinion of management and legal counsel, the damages alleged by this complaint against the NFL and its member clubs are greatly overstated. The effect of the final outcome of this litigation on Cincinnati Bengals, Inc. is not determinable at present. On May 7, 1982, the jury returned a liability verdict against the NFL in LAMCC v. NFL. On June 14, 1982, the DistrictPage: Previous 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Next
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