NFL Rumors: San Diego Chargers May Sell 35% Share and Move To LA
Canadian sports personality Bob McCown has reported that entrepreneur Philip Anschutz is poised to, or has already purchased, a 35 percent share in ownership of the San Diego Chargers, and has his mind fixed on moving the team to Los Angeles.
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The rumor mill has been cranking on this story for a long, long time.
Since legislation was approved for a stadium to be constructed in an area outside of downtown Los Angeles, many times have been linked to the city and a potential move, including the St. Louis Rams, the Jacksonville Jaguars and the Buffalo Bills.
The San Diego Chargers were included in this conversation as well, but for slightly different reasons.
For the former three teams, the move makes sense because of their penchant for losing, which has created financial problems for them in their current markets (St. Louis and Buffalo also run into conflicts with other, more popular teams like the St. Louis Cardinals and the Buffalo Sabres).
For the Chargers, the reason has always been on account of stadium issues.
The San Diego Chargers have been looking at building a new stadium for a few years at this point, but have hit several roadblocks, including the reluctance of the city of San Diego.
Will the San Diego Chargers Move to LA?
Now, with their lease at the site of Qualcomm Stadium quickly reaching the end of its current term, the Chargers are more desperate than ever for a new home.
All of this combines to give this piece of news a bit of a scare factor for Chargers fans.
San Diego would hate to see their beloved team move away to Los Angeles, but, unfortunately, the reality seems to be headed in the wrong directions.
Philip Anschutz is an entrepreneur, and he will realize the business potential that Los Angeles would offer him in this investment.
The city may be engrossed with the Los Angeles Lakers, as well as the recently surging LA Kings, but it's hard to ignore the legions of people that have made clear their desire for a professional football team.
If this deal ends up being true, San Diegans may need to prepare for heartbreak. I know I will.
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