SAN DIEGO – The San Diego Chargers refuted a report from a St. Louis radio station that the team has a deal in place for a new stadium in Los Angeles.
Andy Strickland of CBS Sports radio 920 AM in St. Louis reported Friday that according to high-ranking officials in St. Louis, Chargers owner Dean Spanos has a deal in place with Goldman Sachs to build a stadium in Los Angeles, and the NFL asked him to hold off from announcing or releasing those plans.
Earlier this month, a developer and a company operated by St. Louis Rams owner Stan Kroenke unveiled plans to build an 80,000-seat stadium in Inglewood, California, on land he owns near Hollywood Park.
“He’s very, very unhappy that all of sudden Kroenke goes ahead and does his thing without the NFL’s approval,” Strickland said, referring to Spanos.
Mark Fabiani, the Chargers’ special counsel and the point person on the stadium issue, refuted the report.
“Although we have worked for years with Goldman Sachs as our investment banker, the remainder of the story is untrue,” Fabiani said.
Goldman Sachs helped set up a financing plan for the San Francisco 49ers’ Levi’s Stadium. However, the investment banking firm was not responsible for raising revenue to help pay for the project.
The Chargers also had to dispel similar speculation in 2010 after a report from a Canadian sports talk radio show host claiming that the Spanos family had sold 35 percent of the Chargers to Los Angeles entrepreneur Phil Anschutz, who heads up AEG’s efforts to build an NFL stadium in Los Angeles.
Fabiani reiterated the team’s commitment to working toward a solution on a stadium deal in San Diego before testing the waters elsewhere.
“If we didn’t want to be here, why would we have worked on this for 13 years?” Fabiani said. “There’s been plenty of opportunities to move to Los Angeles. People forget Ed Roski has had a stadium entitled in the City of Industry since 2008. And by entitled, I mean done, ready and everything settled – every environmental review cleared and every lawsuit settled.
“AEG has had an entitled site for a couple years downtown, ready to go and everything settled. So if Dean had wanted to move, he would have moved a long time ago.”