QUOTE
There will be professional soccer at PAETEC Park this summer and the Raging Rhinos have a new owner.
In a joint press conference at the Rochester Riverside Convention Center, Utica businessman Rob Clark was introduced as the soccer team’s new owner, pending approval from City Council.
Mayor Bob Duffy, City Council President Gladys Santiago and Tim Holt, vice president of the United Soccer Leagues, also attended the announcement.
"This is a great day for Rochester. The Rhinos will be playing this summer," Duffy said.
Santiago said she does not expect opposition from City Council.
Clark, 35, is a vice president for Utica-based Adirondack Bank, which kicked in $2.1 million toward $10.6 million in loans given to the former Rhinos owners by NBT Bank, based in Norwich, Chenango County. Clark is buying the team from NBT with his own money.
The complexity of the team's financial woes had put the 2008 season in jeopardy. But this final agreement with Clark will allow the Rhinos to play their season opener on May 2 in Charleston, S.C., then their home opener at PAETEC Park on May 17.
NBT, city officials and the USL all worked with Clark to close the deal. There were at least two other bidders for the team before Clark emerged at the beginning of March.
Clark has worked with the city on a lease of the stadium, built on city-owned land at 460 Oak St.
The team’s former owners have at least five different lawsuits against them and accrued millions in debt. The original ownership group — Steve Donner, Frank DuRoss and Chris Economides — are being sued by NBT for $10.8 million. They are still personally liable for that, but Clark’s firm — Adirondack Sports Club LLC — is the new corporation that owns the team and stadium.
In a joint press conference at the Rochester Riverside Convention Center, Utica businessman Rob Clark was introduced as the soccer team’s new owner, pending approval from City Council.
Mayor Bob Duffy, City Council President Gladys Santiago and Tim Holt, vice president of the United Soccer Leagues, also attended the announcement.
"This is a great day for Rochester. The Rhinos will be playing this summer," Duffy said.
Santiago said she does not expect opposition from City Council.
Clark, 35, is a vice president for Utica-based Adirondack Bank, which kicked in $2.1 million toward $10.6 million in loans given to the former Rhinos owners by NBT Bank, based in Norwich, Chenango County. Clark is buying the team from NBT with his own money.
The complexity of the team's financial woes had put the 2008 season in jeopardy. But this final agreement with Clark will allow the Rhinos to play their season opener on May 2 in Charleston, S.C., then their home opener at PAETEC Park on May 17.
NBT, city officials and the USL all worked with Clark to close the deal. There were at least two other bidders for the team before Clark emerged at the beginning of March.
Clark has worked with the city on a lease of the stadium, built on city-owned land at 460 Oak St.
The team’s former owners have at least five different lawsuits against them and accrued millions in debt. The original ownership group — Steve Donner, Frank DuRoss and Chris Economides — are being sued by NBT for $10.8 million. They are still personally liable for that, but Clark’s firm — Adirondack Sports Club LLC — is the new corporation that owns the team and stadium.
May make my way up there this year for at least one game. Now to make promotion (not for a while after all the problems).
