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Utah developer says he has 'tons of plans' as partial owner of Real

Published: Thursday, Nov. 19 2009 12:00 a.m. MST

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RE: re

No, he bought the team, the Blues and probably the Rams with other people's money. Larry didn't have any other investors.

UtahGovernment

This (Rio Tinto) is one of the great Utah State Government boondoggles. The dirty little secret in Pro Sports is that they're really not very sound businesses, by and large, and can typically only survive with government welfare. Do we as taxpayers intend to subsidize a half-full (if we're lucky) Rio Tinto stadium indefinitely. This thing will never make money, so someone will have to pay the price.

@ RE: re

Either way the jazz were given to Miller by Dave checketts...
You forgot to mention checketts was the owner of the new york knicks. Only the most valued franchise in the NBA...

Re: UtahGovernment

...wrong on so many levels.

Re: UtahGovernment

I couldn't agree more. RSL and Rio Tinto are a money pit. I wonder if RSL, and the state and local governments involved will be transparent about the Profit and Loss statement on this disaster. It will be interesting to see.

Hilarious

Divesting shares in this way is not liquidating them. It is sharing the burden, not dropping it.

Capitalizing the investment and reinvesting the cash is an excellent move designed to grow the business and make it more secure.

I also like Hansen's spontaneous decision. It's like all the pieces just clicked into place. A national event, family atmosphere, community roots, good food, good company, bright future.

The timing of this couldn't be better ahead of the MLS cup final.

I'll bet Real money the Real estate management side will soon start looking at expanding the Real Salt Lake stadium.

yodude

i don't think checketts ever owned "the knicks". he may have been president of the new york nicks and also president of madison square garden (there are 2 presidents of the garden). the point here is that soccer is an incredibly exciting sport in europe. The london times devotes about 12 pages each sunday to one sport...soccer. It is just a matter of time before this sport becomes gold in the united states. sure it will probably never rival NFL or NBA..but it certainly has the potential to nip at their heels.
hanson is a brilliant business person. I am sure that he will be a tremendous strength to the team. As far as checketts having other outside interests...more power to him. I don't fault him for trying to reach his potential. He certainly has some impressive credentials in the professional sporting world. It is a win win for Utah and a win win for soccer in Utah.

KC

Rio Tinto is absolutely beautiful and will be a catalyst for growth in the surrounding area once our economy begins to recover. I absolutely believe that.

Incidentally, love it or hate it, it's here to stay. Worried about it's success? Then start buying tickets to RSL's games. Cheer on the team. If they win, Utah wins. It really is that simple. And we really are fortunate to have a team.

Thanks to Mr. Checketts and now to Mr. Hansen (and the many others that contribute to the success of RSL).

He

should have had this guy and a few other rich Utahns got together to buy the Rams......LOL!!

I guess.....

it is true, "the key to a man's heart is through his belly." He was pretty impressed with the food....LOL!

RE: Utah Govt

Incorrect good sir
Some leagues (COUGH NBA COUGH) survive on govt welfare like you said, but others the MLB and NFL are quite sound books wise, and NHL and MLS rely more on the owners to take a hit every once in a while, but don't go begging to the government like Stern did this past year. I wouldn't worry bout the Jazz, as they are a stable franchise, but if the NBA begins to rest too much weight on the popular teams to support the league, expect them to take the Jazz into the pit.
As for Rio Tinto, if RSL continues its rate of growth I've seen, the "money pit" (though I bet citizens are still paying off stadiums they forgot about) will become profitable.

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