Disney’s CEO Is Leading Plans To Bring Two NFL Teams To Los Angeles

Bob Iger and the NFL

Walt Disney CEO Bob Iger was tapped by the San Diego Chargers and Oakland Raiders to build a stadium in the Los Angeles area and move both teams to the market.

Those two teams are competing with the St. Louis Rams, who also want to move their team to California and L.A. specifically.

Obviously a single market can’t really support three NFL teams and Iger is said to be helping the two already situated California teams with their attempts to secure the L.A. market.

Disney owns ESPN and the all-sports network pays the NFL about $1.9 billion a year to show Monday night games.

“Bob Iger’s inclusion as the visionary force behind the project is a game-changer,” Carmen Policy, a former executive with several pro teams, told CNN Money.

“We now have the kind of leadership and expertise that should calm any concerns about any NFL teams going into L.A. Who could we get to better guarantee fan experience than the man who runs the happiest place on earth?” they added.

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The NFL must approve the move and local authorities must give approval for a new stadium.

“Should the owners approve the move, Los Angeles will proudly welcome two incredible teams to our community and build a stadium worthy of their fans,” said Iger in a statement released by the Chargers

Iger is not giving up his day-to-day job but he will be hiring a President to help with the NFL campaign in Los Angeles.

Written by Lane Hanson

Lane Hanson

Lane Hanson is BusinessPundit's Economy Editor. He reports on major changes in the US and Global Economies. He can be reached at College Reviews.