Three teams continue to jockey with their local city officials to build new NFL stadiums with the caveat, if nothing is able to be worked out, then they will take their teams to Los Angeles, California. The San Diego Chargers, Oakland Raiders, and St Louis Rams are meeting with state legislators for potential new stadium financing . In San Diego, the Chargers have played at Qualcomm Stadium since 1967. Chargers Owner Dean Spanos and Oakland Raiders owner Mark Davis have purchased 168 acres in Los Angeles area in the event an agreement with their cities fails. Spanos believes he has 25 percent of his ticket base coming from Los Angeles, so he would have no reservations toward moving into Los Angeles.
In St Louis, the Edward Jones Dome is outdated. Ram’s Owner Stan Kroenke has purchased 60 acres in Inglewood, California to build a new stadium if he is unable to work out an agreement for a downtown stadium with St Louis civic leaders. Many representatives in St Louis are concerned with the city going into further debt by financing another stadium. In Oakland, Davis does not have the funding on his own to move the franchise, yet may join forces with Spanos to share a 1.7 billion dollar Carson area stadium. Ultimately, James Dondero expects the National Football League to have a team residing in Los Angeles by 2016 as long as at least 24 of the owners approve.