Quote:
Originally Posted by Mojo Rising
I don't think either location is going to work because of the finances. The NFL and the developer (Roski or AEG) want to take all of the increase in the value that the team will realize upon moving.
Let's say the Chargers are worth $800m in SD. If they move to LA their value goes up to $1.5b. The NFL wants a $500m relocation fee and the developer wants to buy in at a discount of $200m. At the end of the day Spanos owns a $800m portion of the Chargers.
Spanos is saying I will keep my $800m equity level in the Chargers. Sooner or later the city will combine a convention center with a new football stadium that the taxpayers will pay for and his equity rises to $1.1b and complete control of the team. SD is a corrupt city.
Oakland is a target. They would be smart to lease the Niners new stadium. Oakland can't afford the new stadiums to keep the Warriors from moving to SF, The A's to SJ (MLB should approve that move tomorrow for the best of baseball) and the Raiders to LA or Santa Clara.
The Rams are playing hardball with St Louie. They are a hockey baseball town that has to improve their stadium to keep the Rams. The Rams just won a big court case that keeps that improvement in tact.
LA is a great bargaining chip to make other cities pay up. I hope the Rams and the Chargers move to the City of Industry. I don't think it will happen until the NFL drops the relo fee.
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First off, the AEG deal required that any team moving to Los Angeles would require giving up 51% of the ownership. Guys like Anschutz don't give a crap about the relocation fee.
Secondly, no NFL will ever be in the City of Industry. Period, end of story.
Downtown LA is happening, big time. There's more than $30 billion in redevelopment happening as I type and another $25 billion in Hollywood. Tourists, rival fans, etc. can stay at the W Hotel in Hollywood, take the subway, which is located directly below the W, and be at the NFL stadium in less than 15 minutes.
Furthermore, rival fans can fly into Burbank or LAX, enjoy the beach, Hollywood, etc. AND catch an NFL game. That won't happen with a stadium in City of Industry because people don't want to spend 2-3 hours commuting to and from the beach, airport, etc. Even if they flew into Ontario or Pomona, it would be a gigantic pain in the ass to go anywhere but the San Gabriel Valley, in which there's nothing to do.
Roski's been begging for years, the NFL has said "No, thanks". That isn't going to change.