Menu
Franchises

Chargers Seek Clarity On Financial Benefits To Partnering With Rams In L.A.

The Chargers and their advisors are "beginning the process of digging into the framework" of the proposed deal to join the Rams in L.A., according to Vincent Bonsignore of the L.A. DAILY NEWS. Sources said that "whatever form the deal eventually takes, it will represent a true partnership between the Rams and Chargers." The "issue is timing -- at least as it relates to finalizing something in time" for the '16 season. Sources said that the Chargers "want to decide within the next two to three weeks whether a deal can get done." They "want clarity on whether they are moving to L.A. or staying in San Diego" because there "are tickets to sell and possibly an entire franchise to move." Bonsignore: "The question is, can they close such an important, franchise-altering deal -- and have assurances they will be protected over the duration of it -- in such a tight window?" Sources insist that the Chargers "will be protected in the deal." The Chargers also "have the word" of Rams Owner Stan Kroenke, who "stood in front of his fellow owners and pledged he will work fairly and honorably" with Chargers Chair Dean Spanos. NFL sources said that Kroenke "is well aware the eyes of the league are on him, and he has every intention of being a good partner" (L.A. DAILY NEWS, 1/15). In California, Scott Reid notes talks between the Chargers and Rams "will primarily focus on how much revenue the Chargers would be entitled to from suites, personal seat licenses, general admission tickets, naming rights or cornerstone rights, and other stadium-related products either as a partner or a tenant" (ORANGE COUNTY REGISTER, 1/15). 

FINAL DECISION IS NEEDED: In San Diego, Kevin Acee writes the NFL "loves San Diego, knows its value, would like the city to remain a part of the family." It is now up to Spanos to "assess his potential return on investment" in San Diego versus L.A. He and his siblings "need to decide between actual wealth versus paper wealth, cash flow against debt ratio and that sort of thing." Meanwhile, if it gets Spanos’ call, the city "needs to be flexible, committed to a smart deal versus just committed to a Mission Valley deal." San Diego "needs to know what it’s being asked, then say what it thinks it can do." Also, the NFL "can do more." The $100M gift, "which will be in addition to the team-friendly" $200M G4 loan, "is not all the NFL can do to help the Chargers and Raiders build their own stadiums" (SAN DIEGO UNION-TRIBUNE, 1/15).

SBJ Morning Buzzcast: April 24, 2024

Bears set to tell their story; WNBA teams seeing box-office surge; Orlando gets green light on $500M mixed-use plan

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2016/01/15/Franchises/Chargers.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2016/01/15/Franchises/Chargers.aspx

CLOSE