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Tuesday, April 3, 2012
Anschutz OK to buy team for LA deal

Associated Press

LOS ANGELES -- An executive for the company that wants to build an NFL stadium in downtown Los Angeles says the developer is committed to the idea and willing to buy a team himself in order to make the deal work.

Anschutz Entertainment Group president Tim Leiweke told the Los Angeles Times on Monday that developer Philip Anschutz is ready to write a check for both the downtown stadium and a team as long as he can get a "reasonable" deal out of the football league.

The Times say Leiweke downplayed recent reports that NFL executives are dissatisfied with the terms of AEG's proposal for a team.

On Thursday the company plans to issue a 10,000-page environmental impact report for the stadium project. That will be followed by a 45-day public comment period.