January 12, 2017
Los Angeles officially became a two-team NFL town this week. San Diego Chargers owner Dean Spanos’ posted a letter on the team’s website announcing that they are LA-bound. The Chargers will join the LA Rams at Stan Kroenke’s $2.6-billion stadium under development in Inglewood.
Beginning this year, and continuing until the new stadium is complete in 2019, the Chargers will play at StubHub Center in Carson, and rent temporary HQ space in Costa Mesa.
When the NFL’s stadium and finance committees didn’t mount an effort this week to persuade the team to stay, despite an extended deadline, Spanos called Commissioner Roger Goodell and other team owners to let them know he was exercising the LA option.
The Chargers will pay $1 a year to rent the Inglewood stadium, helping finance it with a $200-million NFL loan, as well as the proceeds from sales of personal seat licenses and 10 annual events.
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