Report: Stadium tension rising between Rams and Chargers owners

L.A. sportscaster says Chargers aren't pulling their weight
Posted at 5:33 PM, Sep 23, 2019
and last updated 2019-09-24 08:21:32-04

(KGTV) - Two NFL billionaires are reportedly at odds over -- what else -- money.

According to a report, Los Angeles Rams owner Stan Kroenke is upset about a lack of financial contribution by the Los Angeles Chargers for their shared Inglewood stadium, which is set to open next summer.

Longtime Los Angeles sportscaster Fred Roggin said Kroenke was anticipating the Chargers would generate close to $400 million from the sale of Personal Seat Licenses (PSLs). Instead, the real figure is turning out to be tens or even hundreds of millions short of the target, and Kroenke is the one responsible for making up the difference.

Costs for the Inglewood stadium, which will be called SoFi Stadium after a sponsorship deal was announced earlier this month, are skyrocketing to almost $5 billion.

The facility was initially expected to cost $1.9 billion. Kroenke is responsible for everything but the money the Chargers generate in PSL sales and a $200 million NFL G-6 loan. The Chargers, though, get to keep all of their gameday revenues when they play in the new building.

Roggin calls it a sweetheart deal for Chargers owner Dean Spanos. Speaking on his radio program on AM 570 in L.A., Roggin said the Chargers "are under no obligation to do anything but give the PSL money" and there's "nothing in writing about how much it should be."

Sources tell Roggin that Kroenke has very little way of recouping the money from Spanos, because it was all part of the original deal allowing the Chargers to move from San Diego to Los Angeles.