[Elvis]

A couple counter points:

Even if the Chargers only contribute $100 mil in PSLs, that's $100 mil more than if they were in SD. And there's the relocation fee the owners get to split.

It's a bad look for sure but how bad the reality is, i'm not as sure...

[BobCarl]

Well, the conversation is headed in to semantics-ville...

It often does.

I have a question though. Are the Chargers ownership friendly with Mexican Americans? There is a large population of the Mexican American Culture is there not? The Raiders thrived in Los Angeles because of their acceptance of all cultures. I'm curious of how the culture views the Chargers.

[Elvis]

https://www.bloomberg.com/news/articles ... more-money

NFL Owners May Soon Be Able to Borrow a Whole Lot More Money

By Eben Novy-Williams
October 11, 2019, 3:58 PM PDT

League mulls upping debt limit to $1 billion from $350 million
Change would apply to people looking to finance team purchases

Buying a National Football League team may get a whole lot easier.

The NFL is considering drastically increasing the amount of money prospective owners are allowed to borrow, according to two people familiar with the plans. The move could expand the pool of potential buyers the next time one of the league’s multibillion-dollar franchises comes up for sale.

Until recently, would-be owners were only allowed to take on a maximum of $350 million in debt when they made their acquisition, a relatively low loan-to-value ratio given the league’s soaring valuations. The NFL’s finance committee has discussed increasing the cap to about $1 billion, according to the people, who asked not to be identified because the talks are private.

The change could make a big difference. Consider someone looking to buy an NFL team for $3 billion, roughly the league’s average valuation. Under previous rules, a buyer would only be allowed to finance 12% of that purchase in debt. Under the proposed change, that jumps to 33%.

Jacksonville Jaguars owner Shad Khan, who sits on the finance committee, made passing reference to the idea in an interview Friday with Bloomberg Television. “There are a number of other ways to make it possible to have a bigger pool of potential buyers if a club goes up for sale in the future,” Khan said.

Other U.S. leagues are exploring ways to solve the same problem. Last month, the NBA sent a memo to owners saying the league was considering a “new capital vehicle” that could purchase passive, minority stakes in its teams. The league said the goal was to provide additional liquidity for the sale of ownership stakes and possibly open the opportunity to a new pool of investors.

Loosening Rules

Khan said that while the NFL had also discussed a similar investment vehicle, it wasn’t ready to take that step. The league did recently loosen its restrictions on cross-league ownership. Prior to that change, the owner of an NBA, NHL or MLB franchise couldn’t purchase an NFL team in another city.

NFL owners will gather next week in Florida for the league’s annual fall meetings. But the debt changes aren’t expected to be voted on at those meetings, one of the people said.

NFL franchise valuations have soared in recent years, boosted by changes in the national media landscape that have made live sports -- and especially live football games -- an increasingly prized commodity. The average NFL team is now worth $2.86 billion, according to Forbes Magazine. That’s an 11% increase over last year and a 175% jump from the $1.04 billion average 10 years ago.

NFL guidelines also require that the principal owner put up at least 30% of the purchase price in cash, another rule that has limited the pool of possible buyers.

[Hacksaw]

Might get more Spanos type owners with Kahn's plan. or at least the potential for more defaults...

[St. Loser Fan]

You also have to wonder if the NFL will have to create another loan stream to pay for the next round of stadiums? If Atlanta, LA and Las Vegas significantly raise the bar for stadium features and price, how can mid sized market teams afford $1 billion to 3 billion stadiums to keep up with the new league "standards"?

[St. Loser Fan]

Sell tickets to opposing fans.

[moklerman]

There was a sea of red at the Coliseum today too. Not a strong look for LA teams today.

[St. Loser Fan]

Roggin is casting the net again.

[St. Loser Fan]

He’s on at 10am Pacific, right?

St. Louis sports radio has rumors this morning that the NFL asked quietly through back channels if the $700 million we offered the Rams was still on the table.

[Hacksaw]

He’s on at 10am Pacific, right?

St. Louis sports radio has rumors this morning that the NFL asked quietly through back channels if the $700 million we offered the Rams was still on the table.

WOW, if that rumor were to be true. StL Chargers? Spanos being somewhat forced to leave the SoCal region he was trying to hoard has a 'ring of justice' to it.

If something were to develop, do you think the Chargers should leave their Bolts in SD or LA and become a new franchise back there?
SD get's a new wealthier owner (not named Spanos) and everyone (except diehard StL Rams fans) would be very happy.