Rams may be having problems with their tenants

[Jacobarch]

True but the Rams wouldn't get the owners vote for the move without the sharing of the new stadium.

This is true, However, all parties have to live up to their end of the contract. If Spano is shorting the bill the Rams have every right to evict them.

 

[Dxmissile]

What is it that the Chargers aren't paying?

As far as the Chargers moving to STL there is no way the city would have gone for that, and no way the fans would have just shifted gears to become fans of the Chargers. Football fans in STL were Rams fans, not Chargers fans.

I disagree that the NFL was trying to get in the pubic's good graces. They lied to the people of STL straight up. They didn't give shit what the public thinks. They don't give a shit and never will.

It’s a fine line in not giving a shit to pretending like they do give a shit the same way Kroenke played with his “jack” line. The point is the nfl is gonna always fall back on well we tried to give them a extra 100 million to build a stadium in San Diego and Oakland the Nfl loved touting their empty intentions for good PR

And as far as what the Chargers aren’t paying looks like their not paying anything their PSL’s aren’t enough to cover their cost and now it’s causing tension and the league now have to get creative

 

[Dxmissile]

And as far as the Chargers Moving to STL a lot of people and a lot of fans was and are on board with that idea and in fact that was one of the reasons why the city and the state approved the financing for the new river front stadium when they got wind of the run around from Kroenke and Goddell they kept the plans alive to lure another team, and that’s why that parcel of land on the north riverfront is still in hands of the city and cvc

 

[1maGoh]

Well the Chargers rent is $1 per year so somehow it will be paid.

I read an article on this issue just this morning claiming that Spanos may fail to come up with the cash assets to pay his rent. I immediately lost all respect for that writer. If I'd paid attention to the website, I'd lose all respect for them too.

 

[Dxmissile]

Their agreement to be in the stadium was to have $200 million from PSL sales go towards construction costs. They've downgraded their PSL sales estimate from $400 million to $150 million. That's where this tension/frictions/trouble is coming from. That's what they aren't able to pay.

Lets not start a St Louis vs NFL thread again can we stick to the topic? Yes I realize you didn't start it.

It’s not a StL vs Nfl thing but that is the main reason why the NFl and Kroenke is going through this now because Kroenke had to give concessions to Goddell to get the approval needed to leave STL and that was one of them even though San Diego wasn’t in a position to meet those requirements

 

[IE Rams]

. . . Imagine how many concerts, college bowl games, festivals, expos and all the rest will be booked on that property. The venue could see upwards of 100 events a year outside of the Chargers games. It could generate tens of millions in profits, not total revenues, actual profits.

Then there’s the 2028 Olympics. The way Olympic cities lose money is always an issue, but as far as this stadium is concerned, it will only benefit.

 

[Loyal]

And as far as the Chargers Moving to STL a lot of people and a lot of fans was and are on board with that idea and in fact that was one of the reasons why the city and the state approved the financing for the new river front stadium when they got wind of the run around from Kroenke and Goddell they kept the plans alive to lure another team, and that’s why that parcel of land on the north riverfront is still in hands of the city and cvc

You know, the ways things shook out for St Louis fans was regrettable. I always did like that opens air Riverfront stadium concept. Much better than stadium over the toxic waste dump in Carson....I hope St Louis gets an NFL team again if they want one.if I was them, I’d only want an expansion team or nameless/ faceless team with no history. Jmho

 

[fearsomefour]

Think he lives in Rancho Bernardo, I've seen him at the Von's there 3 times.

Does he still have his weird hair?
Couldn’t tell if it was his real hair or a rug.

 

[BuffaloRam]

Kroenke is one of the most hated sports franchise owners on the planet

Only 99 percent of Arsenal fans...

 

[fearsomefour]

Two teams in LA was the deal that was agreed to. Winning fills seats.

I know that was the deal.
It was a mistake by the NFL in my opinion.
We will see I guess.

 

[IE Rams]

Wow. A little dated, but a telling article by a Charger fan in LA:

Chargers Owner Dean Spanos Screwed San Diego, and L.A. Is About to Screw Him

Take it from a San Diego transplant and lifelong Chargers fan: Los Angeles won’t give a damn about its new team

www.theringer.com

Chargers Owner Dean Spanos Screwed San Diego, and L.A. Is About to Screw Him
Take it from a San Diego transplant and lifelong Chargers fan: Los Angeles won’t give a damn about its new team

By The Ringer Staff Jan 13, 2017, 10:01am EST

San Diego Chargers owner Dean Spanos (Getty Images/Ringer illustration)
By Justin Halpern

I was born and raised in San Diego. I grew up 10 minutes from the beach in a small naval community, went to San Diego State University, and wore shorts 363 days a year. The only way I could have been more San Diego is if I were a carne asada burrito made by Tony Gwynn that said only the phrase, “Get out of the water, this is a fuckin’ local break, bro.”

But in 2003, after graduating college, I decided to move to Los Angeles. I wanted to become a screenwriter, and if I was ever truly going to “make it” I had to make the move. So I packed up all my shit, got an apartment in Hollywood next to a rent-by-the-hour motel, and started waiting tables. Fast-forward three years and I was in that same apartment, still waiting tables and desperately trying to get someone, anyone, to read one of my screenplays.

Only two things brought me joy: listening to a coworker of mine who used to be in porn tell me about the weirdest dicks she ever saw, and watching the San Diego Chargers play football on Sunday afternoons. For a couple of hours, watching LaDainian Tomlinson bust through sure tackles made me feel like I was back home, where my life felt like it still had promise. Los Angeles had kicked the shit out of me in a way that only Los Angeles can.

Los Angeles is built on apathy. It has perfected the art of letting you know it doesn’t give a fuck about you. Everyone comes here to “make it,” and, because it’s so hard to do that, no one has the time or the sympathy to give a shit about you. You never even get a “no” in Los Angeles, because a “no” takes almost a second, and fuck you if you think you’re worth that.

In fact, Los Angeles gives a shit about you only once you’ve become successful enough that the approval is no longer something you need. Apathy always seems better than hatred until you realize that at least someone has to put in effort to hate you. So when I saw the news that the Chargers were officially moving to Los Angeles, my mind immediately went to their owner, Dean Spanos.

Dean Spanos was given charge of the San Diego Chargers by his father in 1994, and, from minute one, no one in San Diego ever took him seriously. He so perfectly looked and sounded the part of “fuckwit son of a rich guy” that he was never really going to have any other identity unless he did something truly great. Unfortunately for him, and San Diego, that was not to be his destiny. Year after year he made decisions so dumb that even the incredibly mild San Diego sports media took notice.

When he fired Marty Schottenheimer after a 14–2 season, he hired Norv Turner, a man who had finished 9–23 with the Oakland Raiders in his last head-coaching stint, to handle the primes of Philip Rivers and LT. And Dean did this not because he had any real faith in Norv as a head coach (no one did, not even Norv), but because Norv was the kind of coach who would pretend that Dean was somebody. Marty Schottenheimer made it very clear he did not give two shits about what Dean Spanos thought. Norv treated Deano like a smart football mind who had earned the job of president instead of like the son of the guy who owned the team.

Every year, the Chargers found new and embarrassing ways to lose, and the once-pliable identity of Dean Spanos as “fuck-up rich kid” began to harden. Barring a Super Bowl win, Dean was running out of ways to become the respected big shot he so desperately wanted to be. There was one more way to create his own legacy: build a brand-new stadium.

If you’re not rich enough to build a football stadium, then you’re not rich enough to own a football team. It’s like owning a Ferrari; you can’t just be a guy who has the money for a Ferrari. You gotta be someone that can afford all the bullshit that comes with owning a Ferrari.

Dean Spanos is like a dipshit who saved all his money for a Ferrari and now lives in a one-bedroom apartment and has to park that thing on the street, where it gets fucked with daily. In the mid-aughts, he started asking the city of San Diego to build him a stadium so he could feel like a big shot. We told him to fuck off and pay for it himself. We did it several times, in several different ways.

At some point he realized he was never going to get his stadium. He would always be a loser in SD, and the only way he was going to be able to feel like a big shot was if he took the Chargers and left the city. He was like a high school nobody named Josh who dreamed of going to college in another place and rebranding himself as J-Money.

So every year Dean would put forth some kind of bullshit proposal that he knew was bullshit to try to get us to help him build this stadium, just so he could someday say, “Hey NFL, I did my best, see? Can I be allowed to move to L.A. now?”

I still live in Los Angeles. I was driving down the 110 Freeway on Wednesday, the night the news of the Chargers move broke. It’s strange to think about my favorite team moving closer to me and being upset about it. But thinking about the Chargers moving to Los Angeles brought me back to all those Sundays when I’d first moved here, when I was struggling to be somebody who mattered enough to even get a “no.”

I remembered how much the San Diego Chargers meant to me during those times. I thought about how Dean Spanos was moving here for the same reasons so many people move here. And then I thought, the Chargers are about to experience what it’s like to move to Los Angeles and have no one give a fuck about you.

Justin Halpern is an author and TV writer living in Los Angeles who only has the Padres and Clippers left to root for. Pray for him.

 

[LesBaker]

It was a mistake by the NFL in my opinion.

It depends.

If they win and develop a fanbase things will be O.

But if they don't down the road there will be issues.

 

[kmramsfan]

The Rams should partner with a So Cal team with a following.....like USC or UCLA.

SC.

 

[Mackeyser]

SC.

 

[Memento]

Be poetic if St Louis got another LA team...

It would be poetic...but I'll still be a Rams fan. It's as natural to me, as it is for an owl to fly, as a hammerhead shark to swim.

 

[LARams_1963]

The turf will be harder to maintain with a game every week there. I would prefer the Rams be alone there for that reason alone. Especially during the playoffs, when there could be a Saturday and a Sunday game.

In terms of Kroenke making more money from parking, etc if the Chargers play there, that is minor compared to the extra money by having the fan base to himself, and no worries about the other team doing well and making it tougher to sell full price season tickets for the Rams.

As far as I read, and maybe I'm wrong, but we won't have natural grass. It's going to be field turf. I was sad when I heard it, but in a lot of ways being a shared stadium with lots of other events it might make the most sense.

 

[PowayRamFan]

Does he still have his weird hair?
Couldn’t tell if it was his real hair or a rug.

Yeah same mop, actually think it's real.

 

[fearsomefour]

Yeah same mop, actually think it's real.

Same.
Once you get a timeless look, I guess you stick with it.

 

[Dodgersrf]

shocking

 

[RamFan503]

@LesBaker You think others' arguments are invalid and you come up with all of this?

For sure a bad fit. But if the Raiders would have gone to LA it would be worse because Kroenke's stadium would be the Raiders home and the Raiders would have been more popular than the Rams among fans.

This only partly true. My uncle was a business partner of Al's and a season ticket holder when the Raiduhs moved to LA. The Raiduhs were a big draw but tickets were much less expensive than Rams tickets. For good or bad, the Rams had a more affluent fan base in LA and the Rams were very popular until Georgia intentionally destroyed the product on the field.

Kroenke is one of the most hated sports franchise owners on the planet.

Way more people hate Kroenke than Spanos.

Way more people hate Modell than Spanos.

More people hate plenty of other owners than Spanos.

Not everyone hates Spanos. Most people don't really give a shit.

He's hated in SD, rightfully so, but on the hate meter there are owners that are ahead of him for sure.

Meh. Not a real quantifiable figure but since Stan owns so many teams, it's likely he has made more enemies than a dolt like Spanos.

LOL..........translate for me please.......someone, anyone.

Can't help you. I tried but.... NOPE!

The Chargers, like EVERY single NFL team turn a profit of MILLIONS of dollars from shared revenue. And they make money from other revenue streams. They are FAR from bleeding money.

It doesn't sound like it. Let's say the moving fee was $465 Million. That's $46.5 mil per year that he is out from the $225 mil share. Then he is only able to sell $150 mil of PSLs out of an estimated $400 mil. He owes $200 mil in construction costs to Stan that was supposed to come out of his PSL money that he is $50 mil short on not counting the other $200 mil he was supposed to clear. The salary cap is $188.5 mil. If I'm doing the math, he's bleeding money. Hemorrhaging it out of his ass in fact. Will he go broke? Probably not. Is there a good chance he'll have to sell the team if he doesn't start pulling in more revenue or his idea to lower PSL costs in order to build a fan base fails? I'd say there's a decent chance and a real potential for the NFL to order a sale.

The relocation fee is not a single bill paid on demand. It's split up over ten years and is money taken from the shared revenue by the NFL then split up. So there isn't technically "out of pocket" cost. It's just taken from the giant mountain of money the Chargers make every year for the next ten years. Same with Kroenke. His revenues from the shared dollars will pay for the relocation fee the same as the Chargers.

Same as Kroenke? Let's see.... Spanos is slated to make $150 mil from PSLs and can't sell out a tiny little soccer stadium. According to Bizjournals.com, Kroenke is slated to bring in $800 mil from PSLs alone.
"The Rams, the banking sources said, are expected to generate over $800 million in seat license sales."

So how would he be involved in "calling in the note" which doesn't exist in the first place?

If Spanos is unable to pay the additional $50 mil that he will still owe Stan, then, yeah.... Stan could call in the note. I'm sure it won't come to that but it's not like Stan is going to just leave $50 mil on the table because he wants to play nice guy with a dude he despises by accounts I've read.

As far as Spanos having what's "left after the wolves are done feasting" you're wrong. Spanos owns the team. If it is sold he gets the money. The new owner will be the one responsible for the relocation fee, and I already spelled out how that is "paid".

And you think a new owner would just pay the $465 million? That would come off the price tag for the team. Not sure where you are coming from on this.

Literally everything that you just said is completely wrong.

And yours isn't?

What is it that the Chargers aren't paying?

So far, and this was the point of the OP, $50 mil that he is supposed to pay toward construction costs. If he ad Stan are feuding, it likely has to do with this.

I agree. Kroenke is acting like he needs the money. He wants it all to himself. Karma.

And he's supposed to do what exactly? Act like he doesn't need the money and laugh off $50 mil?

The Rams quickly became the “clippers” when the Raiders were in LA.
Having revenue 17 weeks a year could help Kronk....not that he needs it....and the NFL (I’m guessing) with selling TV ad revenue in the future.
As for the Rams it would have no impact except perhaps fewer ticket sales.
LA can support one NFL team well.
It has been this way and will be this way.

I don't like the idea of 2 LA teams but they support 2 in every major sport. I think they can handle 2 NFL teams if they're not shitting the bed like the Rams did in their final years at the Big A and in St Louis.

I think the real problem with the Chargers is that they moved from a few hours down the road and many fans from southern Cal followed the team and were too close to the shit show that is Spanos and his demand to control the LA market. Angelinos didn't for the most part give a dam about what St Louis was going through and many that did follow the machinations out east, placed as much blame on the city of St Louis and the CVC as they did on Stan. There simply was not disdain for Stan in LA like there was and is for Spanos.

Stan is going to make billions of jack off this project. That is very true. The Rams and their increased value won't even compare to the revenue streams coming into this overall project. The revenue streams will be unreal and obviously the banks agree.

Another quote from Bizjournals: "Meanwhile, while the Chargers are putting in far less in seat license money than anticipated, the banks providing the $2.25 billion loan to the project are unconcerned because the Rams are in charge of the stadium. One banker noted that to lend $2.25 billion would require at the very least $4.5 billion in projected revenue from the stadium."