It’s the bitter end of a long era of the NFL being a pressing topic in this town. Yet with the corpse of the San Diego Chargers not two weeks cold, there was a glimmer of hope last weekend that they might rethink their relocation to Los Angeles. Under the header “Mover’s remorse in San Diego,” ESPN’s Adam Schefter reported that the NFL is “besides itself” and that owners are very upset with the Chargers’ move. Schefter’s source said the league wants the Chargers to move back to San Diego, but that nobody believes the possibility is realistic.
That story generated enough chatter to prompt a response this week from Chargers owner Dean Spanos. “That’s not even a consideration,” Spanos told the Orange County Register. “There’s no looking back. We’re moving forward.”
In between those reports, a column by Union-Tribune sports writer Mark Zeigler floated an alternate scenario: the Chargers returning to San Diego under new ownership, eventually.
Zeigler made a case that the Spanos family might soon be financially overextended by their move to Los Angeles. Zeigler’s calculations imply a difficult road ahead for the Chargers to become a financial success as a tenant of the Rams’ new stadium in Inglewood. He wrote:
Eventually, the lower net operational income intersects with the higher capitalization value. Eventually, reality trumps obstinance. Eventually, the Spanoses realize the stakes are too high at this poker table.
One option is an equity partner. But that requires someone handing over $500 million and letting Deano manage it, which might explain why there haven’t been any takers. The other option, maybe the best option, maybe the only option, becomes to cash out. To sell.
And here’s the key part: Their NFL brethren won’t discourage it.
Well, about that key part. The NFL has already discouraged it.
The league forced a number of stipulations and special provisions on the Rams, Chargers and Raiders during their three-way race for Los Angeles. One of them was an agreement to pay a “flip tax” on any sale of their franchises after moving to L.A.
We Stand Up for You. Will You Stand Up for Us?
And today--the Chargers wired the $12.575 million lease termination fee to the City of San Diego. The team must clear out of the Q and Chargers park by July 31st.
You don't want Spanos back under any circumstances. He is a liability and has no clue what he is doing in LA.
@Dean Plassaras --Spanos, or the Chargers, aren't coming back. Ever.
The "flip tax", or any other rule, can be changed by the NFL. But the Chargers are not returning here, under anyone's ownership.
And I won't hold my breath over the Chargers or the cartel. The idea of anyone buying a minority share of the Chargers with the Spanos goofs in charge is a bit of a long shot, don't you think? Who could be that stupid?
Let's just move on. Spring training starts soon.