However, it took some time for the people behind it to get things done, which is why the Arizona Diamondbacks didnt play their first game until 1998. CLAYTON TRUTOR is a history instructor at Northeastern Universitys College of Professional Studies. Reddit - Dive into anything The Diamondbacks apparently no longer classify the plaintiffs as limited partners. His opposite number was Jim Bruner, a member of the Maricopa County Board of Supervisors, who also constituted the Maricopa County Stadium Authority. As reported by Zach Buchanan of The Athletic, three Diamondbacks minority owners are suing general . This site uses Akismet to reduce spam. The colors were marketed as evocative of the regions cultural heritage. The same is true of Carlisle Investments, whose principal is Charles Carlisle. The leadership of former pitching ace Dave Stewart and Hall of Fame manager Tony La Russa, has as of 2016 failed to turn around the fortunes of the franchise, finishing well out of contention in all three seasons of their tenure.28, Since Kendrick became managing general partner, the Diamondbacks have moved into a new spring-training facility, the architecturally striking Salt River Fields at Talking Stick, an 11,000-seat facility in Scottsdale that they share with the Colorado Rockies. Get ready for plenty of action and exciting matchups all season long. Thompson, A History of the Cactus League., , May 23, 1976, B3; Lee Shappell, Jerry Colangelo,, https://sabr.org/sites/default/files/ChaseField-2015.png, /wp-content/uploads/2020/02/sabr_logo.png, Arizona Diamondbacks team ownership history, springtrainingmagazine.com/history4.html#cactus, http://ballparkdigest.com/wp-content/uploads/2016/03/OriginalDbacksletterforChairmanSupervisors03242016.pdf, http://foxsports.com/arizona/story/cactus-league-stadium-guide-salt-river-fields-arizona-diamondbacks-colorado-rockies-022416, http://azcentral.com/story/entertainment/events/2015/02/25/cactus-league-stadium-guide-salt-river-fields-at-talking-stick/24009267/. Owners. Accessed August 3, 2016: http://ballparkdigest.com/wp-content/uploads/2016/03/OriginalDbacksletterforChairmanSupervisors03242016.pdf ; Maricopa County Stadium District: Comprehensive Annual Financial Report, Maricopa.gov, June 30, 2013. Moreover, the Arizona branding of the Diamondbacks was in keeping with the previous round of baseball expansion, which brought the Florida Marlins and Colorado Rockies into existence.20, As general manager the Diamondbacks in June 1995 hired Joe Garagiola Jr., one of the founding fathers of big-league baseball in Phoenix. The creation of a number of new institutions and attractions in downtown Phoenix added vibrancy to the once moribund area. After a 1995 name the team contest conducted by the Arizona Republic in 1995, the nickname Diamondbacks was chosen for the team. As a result, Kendrick is a figure of some note in both the MLB and beyond. Downtown May Fully Awaken, Arizona Republic, March 12, 1995, BB7. ", The team respondedin a statement, saying that with the backing of Major League Baseball, ithas "chosen to streamline the ownership group and reduce the number of partners with very minimal equity stakes in the partnership. In other words, both Molina and Weber are owners of the Diamondbacks, but their stakes in the team are under 1%. In short, it started out as a business that specialized in data processing, but went on to become something much more, as shown by the fact that its latter incarnation specialized in building education platforms for institutes of higher education. 29 Cactus League Stadium Guide: Salt River Fields at Talking Stick, FoxSports.com, February 24, 2016. Like Kendrick, Jensen and Chipman earned their fortunes in the software industry. Three minority owners of the Diamondbacks claim that the club and managing general partner Ken Kendrick is illegally trying to force them to either increase their investment in the team or. 18 Mike McCloy, Supervisor Is Shot, Arizona Republic, August 14, 1997, A1, A12; William Hermann, Susie Steckner, and Mike McCloy, Suspect: Tax Spurred Shooting, Arizona Republic, August 14, 1997, A1, A12; Mike McCloy, Wilcox Snags 50 Tickets for Opening, Arizona Republic, March 31, 1998, A1; Mike McCloy, Guy has a Gun: Guard Acted Fast, Arizona Republic, August 15, 1997, A1; Frank Fitzpatrick, Stadium Issues Can Explode: Take Phoenix, Philadelphia Inquirer, January 13, 1999, E1. For proof, look no further than the fact that it is a space-grant college, meaning that it belongs to one of 52 consortia formed in the United States for the purpose of researching various space-related topics. More than 800 residents, split roughly evenly between supporters and opponents, attended the February 1994 meeting at which the Board of Supervisors voted amid a heavy police presence on the stadium deal.15, After a contentious six-hour meeting, the Supervisors voted 3 to 1 with one recusal to impose the sales tax. Ken Kendrick Earl Gentry " Ken " Kendrick, Jr. (born September 2, 1943) is an American businessman who is the principal owner and managing general partner of the National League 's Arizona Diamondbacks. The same rate was utilized to purchase back existing units from those who declined the offer to purchase new units. 8 John Walters, Brazen Arizona, Sports Illustrated, January 29, 1996, 190-194. Molina became a limited partner in 2004, when he invested $3 million. Its clear that Kendrick wants the three plaintiffs, and other partners with very small stakes, out of the Diamondbacks partnership. For those who are unfamiliar, said team started up in 1995. Termination can occur through what is known as a freeze out merger. In 1990 the Arizona Legislature passed legislation that created a Maricopa County stadium district governed by the county Board of Supervisors. 2023 ABG-SI LLC. Accessed June 10, 2016: http://bizjournals.com/phoenix/stories/2008/03/31/story7.html. National Football League Media Relations. In response, the. Arizona Diamondbacks More than 2.5 million people attended games at the Bank One Ballpark (nicknamed the BOB) in each of the franchises first seven seasons. Molina, Webster and Carlisle Investments seek a declaration that Kendricks letter is of no force or effect and that Kendrick cant legally force them to increase their investment or sell their existing share. But the franchise did succeed in getting a handle on its salary situation, and from about 2005 it has ranked near the bottom of the league in payroll most years. Veeck persuaded New York Giants owner Horace Stoneham to join the Indians in Arizona. In fact, the target was reached four months earlier than expected, in November 1997, two years after construction began on the 48,500-seat domed stadium and four months before the first pitch.14, But even with the taxpayer-friendly amendments to the deal, widespread opposition emerged almost immediately to the public financing of a ballpark without voter input. 12 Mike Padgett, Decision Cost Jim Bruner His Dream of Serving as U.S. Congressman, Phoenix Business Journal, March 26, 2008. As retold by Cohen, Kendricks letter claimed that the 1% floor reflected an MLB preference for clubs to streamline their ownership group and minimize the disproportionate number of owners with very small equity stakes. The letter portrayed MLB as concluding efficient club governance and financial stability would be enhanced if each partner possesses a meaningful equity position.. As a starting point, expect Kendrick to deny the complaints depiction of his ownership. Arizonas significant public investment in spring-training baseball helped lure a number of franchises to the Cactus League. In the 21 years since Major League Baseball granted an expansion bid to Arizona Baseball, Inc., the Arizona Diamondbacks franchise has been characterized by the stability of its leadership. Call 1-800-GAMBLER. Weber purchased the equivalent of a .25% interest in the partnership. Arizona Diamondbacks minority owners sue, say they're being forced out 26 All Arizona Has to Do Now, Right Now, Is Win; Nick Piecoro, Jerry Colangelos Shadow Remains Prominent Over Diamondbacks, azcentral.com, September 27, 2014. More than just a known commodity, Colangelo had the added advantage of being close personal friends with Chicago White Sox and Chicago Bulls owner Jerry Reinsdorf, who actively championed Arizonas bid. In turn, this means that he has been involved with various banks in various other banks as well, with an excellent example being his investment in Woodforest National Bank. The Arizona Diamondbacks selected Druw Jones with the second overall pick in the 2022 MLB Draft in mid-July, but the team may not get to see Jones play for the Ex-Cy Young winner joins . There are some significant issues in the Arizona Diamondbacks' ownership group right now. Despite the Diamondbacks more recent struggles in the standings, the steadiness of its leadership transformed the franchise into one of the National Leagues most respected almost immediately. The general partner is the person whom MLB generally considers the official voice of a franchise. The move came soon after a drug scandal that threatened the franchises squeaky-clean image. Join Matt Vasgersian and Harold Reynolds on MLB Network for the latest news, analysis and more, weekdays at 9 a.m. Among the Diamondbacks limited partners are Alfredo Molina and Jim Weber. They finished first in the NL West in 1999, their second season in the major leagues. Cohen said his clients are not seeking a temporary restraining order, but they reserve the right to do so in the future. Cohen rejects any notion that the 1% floor constitutes MLB edict. The three plaintiffs believe that Kendrick is effectively forcing them to sell their stakes and at below-market value. Inject this straight into our veins. Arizona Diamondbacks: Minority owners suing over forced buyouts 23 Floating on Air, Colangelo Readies Big Party Today; Pedro Gomez, Tickled to Be in Arizona, The Sporting News, December 14, 1998, 80; All Arizona Has to Do Now, Right Now, Is Win., 24 Mike McCloy, Ballpark Looks Like a Million, Arizona Republic, October 13, 1996, B1; Don Ketchum, In the Ballpark, Arizona Republic, November 16, 1995, D4; Come Along on a BOB Tour, Arizona Republic, March 22, 1998, A1; Martin Van Der Wert, 1st Year Is a Tryout for Cooling System, Arizona Republic, March 22, 1998, BP6; Family-Style Attractions Cover All the Bases, Arizona Republic, March 22, 1998, BP10; Bill Muller, Mark Shaffer, and Richard Ruelas, BOB Takes a Bow, Arizona Republic, March 30, 1998, A1; Linda Helser, Diamondbacks May Be Best Pro Sports Bargain in Valley, Arizona Republic, March 29, 1998, C37; Pedro Gomez and Mark Topkin, Scouting the Expansion Cities, The Sporting News, March 30, 1998, 26; Fans Guide: Ticket Prices, March 30, 1998, Arizona Republic, C41. He did so through a transaction with retired Diamondbacks third baseman Matt Williams, who at the time owned a .5% interest. Later that year, Colangelo and Garagiola hired Buck Showalter as the club's first manager. Showalter preferred a steady player-development program through a farm system while Garagiola adopted the win-now (meaning sign free agents) approach favored by Colangelo. Beginning in the mid-1980s, he sought either an expansion team or a relocated franchise. In 2016 Kendrick and the Diamondbacks organization were engaged in contentious negotiations with the Maricopa County Stadium Authority over the future of Chase Field. In the 1960s, Kendrick founded Datatel, Inc., a computer software developer. Accessed August 3, 2016: http://maricopa.gov/StadiumDistrict/pdf/MCStadiumDistFY12AFR.pdf; David Fritze, Boom! That brought Stones plans for a domed stadium to an end. Also in contention is whether Major League Baseball pushed the Diamondbacks to reduce the number of minority owners with less than a one percent stake in the team or whetherthe team took the idea to. Welcome to the Jungle! AZ, CO, CT, IL, IN, IA, KS, LA, (select parishes), MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY, CA-ONT only.Eligibility restrictions apply. Read More 20 Things You Didnt Know About SnapshiftContinue, Byjus is an educational technology company that has achieved a significant position in its niche in the technology industry. Molina, a jeweler by trade, is chairman and CEO of Molina Fine Jewelers. Garagiola followed Colangelo out the door in 2005. Colangelos rags-to-riches story was well known to Arizonans with even a passing knowledge of professional sports. Thompson, A History of the Cactus League.. The Diamondbacks operate through a limited partnership. D-backs tickets are on sale now with home games starting April 6! * List of Arizona Diamondbacks owners and executives C Jerry Colangelo Billy Crystal K Ken Kendrick M Cindy McCain Jeff Moorad Carlisle Investments has been a part of the team's ownership group since 1998, and Molina and Weber bought in back in 2004. Granted, this level of ownership doesnt provide authority over team decisions, on- or off-the-field. In subsequent seasons Showalter clashed with Garagiola over the direction of the club. The Arizona State University baseball program has been a national collegiate power since the mid-1960s. Martin Stone, the owner of the Phoenix Firebirds, the San Francisco Giants Triple-A affiliate, was the driving force behind the push. Three Diamondbacks minority owners file lawsuit over dispute with team News on the go with access to our mobile apps including immersive storytelling. 6 Robert Barrett, Stadium Fails, Goddard Wins, Arizona Republic, October 4, 1989, A1. The same rate was utilized to purchase back existing units from those who declined the offer to purchase new units. Weber is a retired minor league pitcher who is. Besides his role as the founder of Datatel, Kendrick has spent some time as a banking executive as well. Chipman was the creator and original owner of TurboTax. He charges that it seemed to be Kendricks idea: Kendrick sought and obtained permission from MLB to institute the floor. Besides that, the place has a reputation for being the so-called Jewel of the South.. This content is only available to subscribers. Several years earlier, the Suns owner had experienced this process while seeking public funds in support of a new venue for the Suns. The ballparks retractable roof allowed fans to enjoy the sun while sitting in air-conditioned comfort. A slightly more achievable goal, at least among the very affluent, is to buy a minority stake in a team. This means that prospective partners must clear background checks and due diligence reviews. , "AZ Diamondbacks Team History and Encyclopedia", https://en.wikipedia.org/w/index.php?title=List_of_Arizona_Diamondbacks_owners_and_executives&oldid=1080167209, Lists of Major League Baseball owners and executives, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 30 March 2022, at 17:23. This refers to the majority of a partnership pressuring those with minority interests to sell upon threat of termination. Long the darling of the Phoenix media, Colangelo had never experienced citizens referring to him in letters to the editor or public meetings as a thief or claiming that he was trying to rape the taxpayers. Colangelo believed that taxpayers deserved an immediately competitive club in return for the investment they had made in Bank One Ballpark. Molina, Weber and Carlisle Investments have something else in common: they are plaintiffs in a new lawsuit brought against the Diamondbacks partnership and its general partner, Ken Kendrick. 10 NBA Notebook: Pacific, The Sporting News, October 26, 1987, 47; Steve Wilson, When Youre Colangelo, You Gotta Believe, Arizona Republic, January 16, 1994, 10; Norm Frauenheim, Colangelo-Led Group Buys Phoenix Suns, Arizona Republic, October 13, 1987, A1, A2. Michael McCann is SIs Legal Analyst. Jensen is the co-founder of Information Technology, which develops software for the banking industry. The limited partners insist that Kendrick has breached their partnership agreements by, among other steps, imposing the buy-up/buy-out ultimatum. Kendrick, 77 and a former banking executive, first became a part-owner of the Diamondbacks when the team was founded in 1995. (They also awarded a franchise to a Tampa-St. Petersburg-based ownership group led by businessman Vincent J. In response, the plaintiffs have demanded, in writing, that Kendrick and the Diamondbacks provide evidence that corroborates the buy-up/buy-out ultimatum. (Performed with evil mind is a legal term of art in Arizona; the plaintiffs are not calling Kendrick evil.). Im not sure what the ulterior motive is for such a decision, but it definitely comes off as nefarious. Spent Some Time as a Banking Executive, 8. Opened in 2011, the facility is on land owned by the Salt River Pima-Maricopa Indian Community. Colangelo later said that taking the lead in the baseball expansion effort fulfilled his desire to play a more prominent role in increasing the national profile of the Valley of the Sun. For those who are unfamiliar, said team started up in 1995. 1:51. Report: Diamondbacks Owner Sent Threatening Email to Former Arizona AG After Criticism Nick Selbe Jul 22, 2021 After former Arizona attorney general Grant Woods criticized him on Twitter,. Contact SABR, Ibid. They've been told to increase their investment or be bought out, which they say is an unlawful ultimatum. Diamondbacks minority owners file lawsuit against Ken Kendrick Diamondbacks Considering Selling Minority Share Of Franchise SPORTS ILLUSTRATED is a registered trademark of ABG-SI LLC. Molina invested an additional $250,000 in the club between 2009 and 2014. Three Arizona Diamondbacks' minority owners are suing the team's managing partner in what they say is an attempt to get them to sell their stakes. Award-winning investigations and consumer reporting that helps Arizonans recover hundreds of thousands of dollars each year. The trio is represented by attorney Roger Cohen and his co-counsel, Kathi Sandweiss. Report: Arizona Diamondbacks' Ken Kendrick among owners who voted 9 prospect Drey Jameson strikes out two batters in two hitless innings during his spring outing against the Giants D-backs Insider Group Tickets Private Suites Special Events Caesars Sportsbook at Chase Field Carson Kelly's solo home run Use of this site constitutes acceptance of our Terms of Use and Privacy Policy, Diamondbacks minority owners file lawsuit against Ken Kendrick, in a new lawsuit brought against the Diamondbacks. All Rights Reserved. section: | slug: three-diamondbacks-minority-owners-file-lawsuit-over-dispute-with-team-owner-ken-kendrick | sport: baseball | route: article_single.us | He was also playing a central role in negotiating the deal that led to the relocation of the National Hockey Leagues Winnipeg Jets to Phoenixs America West Arena, where they were rechristened the Phoenix Coyotes in 1996.8. While these individuals are colloquially referred to as owners, they are more accurately called limited partners. Limited partners comprise a legal entitythe partnershipthat is structured to obtain tax advantages and secure immunities from personal liability. This directive goes to the meaning of the term buy-up/buy-out: a limited partner with less than 1% would need to buy up to at least 1%, or he or she would experience a buy out of their interest. To that end, the plaintiffs insist on all relevant emails, correspondences, work papers and empirical analyses with MLB and Bases Loaded. In addition, partners can be called upon to contribute toward fees in a transaction. Kendricks role as general partner is central to the case. pic.twitter.com/mdZE3bNqBO, Lourdes Gurriel Jr. gives the D-backs their first run of the game with an RBI double to right field, bringing in Josh Rojas in the 5th, Proof anything can be an album cover. 7 Martin Stone; Bob Cohn, Race for Big Leagues Begins, Arizona Republic, June 15, 1990, A1; Eric Miller, Valley Strikes Out, Arizona Republic, December 19, 1990, A1. "It doesn't make any sense. While there's no actual baseball going on because ofthe novel coronavirus pandemic, some palace intrigue within the ownership ranks of the Arizona Diamondbacks has come to light. 19 Bob McManaman, Colangelo Winds Up to Make Big Pitch, Arizona Republic, February 19, 1994, A1, A20. Freeze outs have been the source of lawsuits involving alleged breach of fiduciary duties, conflicts of interests and self-dealing. The Fox Sports Net Arizona deal later led to the partners splitting millions of dollars in distributions as well as obtaining additional interests in an accompanying broadcasting entity. During the 1997-98 baseball offseason, the Diamondbacks acquired high-profile, high-priced free agent shortstop Jay Bell and traded for third baseman Matt Williams.22, The Diamondbacks doubled down on the win-now approach in their early years, signing pitching aces Randy Johnson in 1999 and Curt Schilling in 2000 to long-term deals that deferred the big payments until the latter years of their contracts. Naimoli.) Minority owners Molina and Weber initially invested in the Diamondbacks in 2004, while Carlisle Investments has been involved in team ownership since 1998. Displeasure with the direction of the franchise led to Colangelos ouster as managing general partner by the other four general partners in Arizona Baseball Inc. in August 2004. Three minority owners are suing Managing General Partner Ken Kendrick over recent ownership share policy changes, Diamondbacks 3, Mariners 6: Melancholy Melancon, Mark Melancon is clearly rounding into mid-season form, but were still figuring out things to talk about, Arizona Diamondbacks Managing General Partner Ken Kendrick is being sued by three minority owners, Diamondbacks Spring Gameday Thread, #8: vs. Mariners. The teams apparent goal is to streamline the ownership group and reduce the number of partners with very minimal equity stakes in ownership. A trio of Diamondbacks minority owners have filed a lawsuit against the franchise's managing general partner Ken Kendrick, according to a report from Zach Buchanan of The Athletic. Kendrick has been one of the part-owners of the Arizona Diamondbacks since the start of the franchise. Majority control of the Diamondbacks is owned by a four-person investment group that took over the club in 2004 from initial majority owner Jerry Colangelo. Arizona Diamondbacks - Larry Brown Sports In the late 1990s and early 2000s, the franchise signed high-priced free agents to large contracts that deferred large amounts of salary. 25 Arizona Diamondbacks Letter to Maricopa County Board of Supervisors, January 12, 2016, BallparkDigest.com, March 30, 2016. That netted him the equivalent of a .5% interest in the partnership. They were to begin playing in the 1998 season. Involved in Various Philanthropic Endeavors, 10 Things You Didnt Know about Yuri Gurski, The History of and Story Behind the Peloton Logo, The Limitless Possibilities of 3D Printing, 20 Things You Didnt Know About Snapshift, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million. Diamondbacks minority owners sue over alleged forced buyouts ", "Each of those investors was given the opportunity to remain as part of the group by purchasing additional partnership units at a rate determined by a highly respected, independent appraiser. Cohen also disputes the assertion that partners holding interests of less than 1% somehow undermines the financial stability of the club or disrupts management. He has participated in SABRs Biography Project since 2012. He emphasized the booming population of metropolitan Phoenix, the regions history of enthusiastic support for collegiate, spring-training, and Fall League baseball, and his history of managerial success with the Suns.19 A few days later the owners awarded Arizona Baseball Inc. an expansion franchise. As of 2016, 15 of the 30 major-league teams belonged to the geographically compact (every team but one is in Maricopa County) and virtually rainout-free Cactus League.3. Three minority owners of the Diamondbacks claim that the club and managing general partner Ken Kendrick is illegally trying to force them to either increase their investment in the team or relinquish their stakes at a price the minority owners say is unfairly discounted, according to a lawsuit filed Tuesday in Maricopa County Superior Court. They also are suing for Breach of Contract and Breach of the Implied Covenant of Good Faith and Fair Dealing, for which they seek compensatory damages. In 1989 the eight-team Cactus League was in danger of losing one of its founding members. Cronkite School at ASU This article was written byClayton Trutor, This article was published in the Team Ownership History Project. Despite his enthusiasm for bringing big-league baseball to the region, the fiscally conservative Bruner drove a hard bargain. The Diamondbacks willingness to invest heavily in elite starting pitching put them on the fast track to the postseason. Short listed for "Leaders in Luxury" Featured in Cover Story Top 30 Marketing Executives in America Ownership | Arizona Coyotes He is a staff writer for Down the Drive, SB Nations University of Cincinnati athletics website. ET, Here are the D-backs' 2023 Top 30 prospects, Chafin's goal for '23? Three minority owners of the Arizona Diamondbacks are suing managing general partner Ken Kendrick after Kendrick initiated a forced buyout for stakeholders who own less than 1% of the team, according to The Athletic's Zach Buchanan . 22 Ken Rosenthal, All Arizona Has to Do Now, Right Now, Is Win, The Sporting News, March 12, 2001, 49; Peter Schmuck, In Hurry, a Trading Flurry After Draft, Baltimore Sun, November 19, 1997. The actual ownership of the club has been far more divided. Never before had an expansion team reached the playoffs so quickly. Stoneham placed his clubs spring-training camp in Phoenix. Between 1998 and 2000, the Diamondbacks more than doubled their payroll from $32 million to $80 million. He realized that if he alienated an ally like Bruner, the political pressure that other county supervisors would face from a public that less than five years earlier had turned down a stadium financing referendum would likely push their votes into the no column.13, Maricopa County tax assessors projected that revenue from the 0.25 percent sales tax would reach its $238 million target in approximately 2 years, and the tax would end around the time the ballpark was slated to open in March 1998. A trio of Diamondbacks limited partners are taking on the principal owner of the club, Ken Kendrick. pic.twitter.com/m2n2BoWrVa, D-backs No. Andrew Barroway is the Coyotes' Minority Owner & Alternate Governor. The team was a near-immediate contender for a world championship. It is interesting to note that Kendrick was born in a place called Princeton, which can be found in West Virginia. The suit names AZPB Limited Partnership (Ownership Group), the groups managing partner, and Kendricks wife as the defendants. Used by permission under Creative Commons license (CC BY-SA 2.0). In 1952 the Chicago Cubs, who had previously trained on owner Phil Wrigleys Catalina Island (California) estate, began training in Mesa, just to the east of Phoenix. The more persuasively Kendricks attorneys can show that the team has adhered to established procedures and did so with sufficient transparency and accountability, the better the odds for Kendrick. By the end of the 2004 season, the club owed more than a quarter of a billion dollars in deferred salaries.26. AZ International Auto Show & New Car Buyer's Guide 2020 Model Year, Your California Privacy Rights/Privacy Policy. To pay off the construction bonds, Stone or any other prospective tenant agreed to turn over to the city the proceeds from the sale of 212 luxury skyboxes and 10,800 club seats.