SMG, the sports and entertainment giant that has operated the Oakland Coliseum for 13 years, stands to lose its contract to the Anschutz Entertainment Group.
The Coliseum Joint Powers Authority, which governs the municipally owned and operated Coliseum complex, has refused to disclose the details of the bids submitted by SMG, AEG and a third competitor, Global Spectrum.
read more: Selection committee recommends AEG to operate Oakland Coliseum complex - ContraCostaTimes.com
In the pursuit of the O.co Coliseum contract, entertainment and sports colossus Anschutz Entertainment Group spared little and offered a lot, including a $4.8 million in sweeteners in the proposal to run the Coliseum complex, which includes the Oracle Arena and stadium.
The efforts have paid off so far.
read more: AEG moves a step closer to O.co Coliseum management contract - ContraCostaTimes.com
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