Post by Danchat on Oct 19, 2018 18:20:15 GMT -6
In the wake of the news that owners have concerns about the Chargers in L.A., some in the media have started throwing darts at the map in search of a new home for the team.
Don’t bother. They aren’t leaving Los Angeles. Not for at least 20 years after the opening of the new stadium they’ll share with the Rams in Inglewood.
Per a source with knowledge of the situation, the Chargers have a firm 20-year lease at the venue being built by Rams owner Stan Kroenke. The Chargers also hold a pair of exclusive 10-year options after the first 20-year term.
Don’t shrug at the existence of a 20-year lease and say, “Contracts were made to be broken.” Everything currently being sold at the venue — from naming rights to luxury boxes to sponsorships to advertising — hinges on at least 20 NFL games per year, for at least 20 years. Thus, a premature exit by the Chargers would be the first domino in a cascade of contractual breaches.
Don’t bother. They aren’t leaving Los Angeles. Not for at least 20 years after the opening of the new stadium they’ll share with the Rams in Inglewood.
Per a source with knowledge of the situation, the Chargers have a firm 20-year lease at the venue being built by Rams owner Stan Kroenke. The Chargers also hold a pair of exclusive 10-year options after the first 20-year term.
Don’t shrug at the existence of a 20-year lease and say, “Contracts were made to be broken.” Everything currently being sold at the venue — from naming rights to luxury boxes to sponsorships to advertising — hinges on at least 20 NFL games per year, for at least 20 years. Thus, a premature exit by the Chargers would be the first domino in a cascade of contractual breaches.