Chargers tap Disney CEO to lead LA stadium push

Iger and Disney fits that bill.

The Oakland Raiders and the San Diego Chargers have hired Disney’s Bob Iger to lead their Carson Stadium Project. His compensation as will be $1.00 annually.

For now, Iger will be the point man in tapping into all the various Los Angeles revenue streams – from naming rights to development to entertainment for, in and around the stadium.

The statement says the job will not affect Iger’s obligations to the Walt Disney Co., where he has been chief executive since 2005, and his annual salary for the project will be only a dollar.

Bob Iger, who will make only $1 per year in his role, will reportedly make decisions on all Carson-related stadium matters. “L.A. football fans will enjoy unprecedented access to games during the season, in a state-of-the-art stadium created to deliver the most entertaining, exciting and enjoyable experience possible”. It also allows him the ability to become a minority owner in one of the franchises (likely the Raiders) upon his retirement from Disney which is expected to happen in 2018. The Rams, Chargers and Raiders are in NY for a critical meeting to discuss Los Angeles relocations.

Iger’s been a top-ranking executive at Disney since the ’90s when he was first named president of Walt Disney worldwide in 1999. And certainly if you’re going to do two teams it really lends a layer of talent and experience, plus unbelievable know-how to the whole effort.

Kroenke’s bid to relocate could also be complicated by the momentum St. Louis is building on a new stadium project and the need for owners to meet certain relocation criteria in their current markets before gaining the right to move.

Los Angeles is the second largest city in the United States and has not had an National Football League team since 1995, when the Raiders moved back to Oakland and the Rams moved to St. Louis.

There are problems that Iger will have to address.