The Walt Disney Company chairman and chief executive office Robert Iger has signed on to become the non-executive chairman behind an effort to bring a $1.75 billion stadium to Carson, California.
Should the NFL approve the relocation proposed by, Carson Holdings, LLC, a group formed by the (currently) San Diego Chargers and Oakland Raiders, Iger would supervise development, construction, marketing and branding of the new stadium.
Iger signed a 5-year contract with an annual paycheck of just $1, plus an option to purchase a minority share in either team. Iger has said that he wouldn’t exercise that option while still at the Walt Disney Company.
The board of the Walt Disney Company has already approved Iger’s involvement with the project.
Carson Holdings is competing with a group hoping to bring the teams to Inglewood, California, as well as groups hoping to keep them in San Diego and Oakland.
League meetings begin next month in Dallas, Texas, with a vote coming as early as January.
Source: Orange County Register
Photo: The Walt Disney Company
