Magic Johnson 1st to reserve LA Rams tickets

As reported Tuesday by the Los Angeles Times, A.G. Spanos, the team’s president of business operations, applied last week for trademarks on “Los Angeles Chargers” and “LA Chargers”.

The Rams and Chargers released a joint statement Monday saying they were not going to release any details from their discussions. Such an approach is advantageous because it backdates the Chargers’ federal trademark protection in the potential new name to before the team actually uses it. Ownership in the marks would otherwise attach on the date of their first use.

If the Chargers do not end up moving to LA, the Oakland Raiders will have a similar one-year option.

Rams owner and property developer Stan Kroenke, who has an estimated personal net worth of $7.4 billion, is credited with spearheading the return of NFL football to the country’s second largest city.

According to two sources, the Rams are offering a 50-50 partnership that would include the Chargers sharing in stadium construction costs and all revenues generated by the building.

Where would they play before the Inglewood Stadium is built?

The Jets and Giants worked together to privately finance their shared stadium.

The Chargers have six months after approval to actually use the marks in the marketplace before the applications would be considered abandoned and they would lose the backdate advantage. It is estimated that Kroenke will spend more than $800 million on the Inglewood project. The team has described that stadium as outdated, and NFL Commissioner Roger Goodell recently called San Diego’s proposal for a new one “unsatisfactory and inadequate”. The same goes for San Diego. The Chargers will have to scrape and claw for all that they can get.