Agreed. Good luck offloading that team with the horrible 30 year stadium lease they signed in 2005. Unless the new owner is buying only to relocate the team to another city which would be a shame. Aside from being in a terrible location with crappy access from the city, highlights of the lease include:
Source: http://www.chicagonow.com/fire-confidential/2016/08/fire-sale-at-least-three-groups-interested/
- The Fire pay an annual Facility Fee originally set at $300,000.00 that increases at 2% every year. They also cover event expenses for each use of the facility.
- Naming rights are owned by the Village, along with marketing and advertising rights for the stadium.
- The Fire have to reimburse the Village for any home games held outside of the facility. International friendlies included.
- No MLS team can play in the Chicago market area in any stadium other than Toyota Park, even if the Fire cease operations.
- The team is responsible for reimbursing the Village for use of ancillary facilities, including the main field for practice sessions.
- Concessions and box office are controlled by the Village, although there are shared revenues: Team at 92% of gross ticket revenue; 50% split of net parking and net concession revenue; Team receives 30% net license, net event suite revenue, and net sponsorship revenue. Team receives 22.5% of gross merchandise revenue.
I don't think NYCFC/CFG would ever be foolish enough to agree to anything this ridiculous but it's a good cautionary tale as we all hope for a stadium.
Wait, re: point 3, the Fire have to reimburse "The Village" (a term I literally cannot read without picturing it in the terms of the M. Night Shyamalan film) if the USMNT plays games in the Chicago market area without using Toyota Park? Even if the Fire have no involvement in the venue selection? So the USMNT could theoretically (assuming they actually had a reason to) stage a whole ton of friendlies just out of town and slowly financially kill the Fire by death from a thousand cuts?