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Old 12-02-2016, 12:51 AM   #7080
Emperor Smeat
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According to ESPN, Chargers set to make an official announcement of them moving to LA by next month regardless of San Diego's latest efforts on a new stadium deal.

Quote:
Barring a miracle, the San Diego Chargers are expected to exercise the team's option to move to Los Angeles in 2017, sources told ESPN's Jim Trotter ...

Chargers chairman Dean Spanos has to alert the league that he intends to exercise that option by next month's deadline.
Moving to LA has a pricey catch for the team though.

Quote:
The Chargers have a tenant-lease agreement with Rams owner Stan Kroenke that lowers the team's risk because they do not have to borrow money for construction of the $2.6 billion project.

The Rams and Chargers would jointly share revenue such as naming rights, suites, sponsors and advertising. The teams would be on their own to sell season tickets and personal seat licenses ...

However, the risk for Spanos is that the franchise would be on the hook for a $650 million relocation fee paid over 10 years, determined during the January owners meeting in Houston.

The Chargers also would have to purchase land and construct a practice facility, which would cost tens of millions of dollars.
http://www.espn.com/nfl/story/_/id/1...s-angeles-2017

Last edited by Emperor Smeat; 12-02-2016 at 01:07 AM.
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