Listen: Rams, Chargers, Stan Kroenke discussed on The Tim McKernan Show
"All all the revenue from both teams sale of cells would go to cranky to help defray the cost to the stadium but per the term sheet. The chargers neither had to meet a revenue target nor even sell a single S. S. l.. All the chargers had to do was try to sell the. SSL's at whatever cost. They determined until one year after the stadium open after after which they wouldn't even have to try to sell any and I feel like that is one of the things that has sent Stan Kroenke into another world of anger and I take it back to nineteen ninety-five when the rams moved here and there was a clause that really opened the door for cranky to move and we were aware of it and Saint Louis in the early two thousands. which was that at the Dome which we all knew was a hell hole relative to other? NFL stadiums especially the new stadiums. That came along in the early two thousands had to remain in the top tier. I he the top twenty five percent of NFL stadiums or the rams could move and the fact. That Saint Louis agreed to that. When it's reported that John Shaw was just kind of asking asking it for the hell of it and then they didn't take it out was really the escape hatch for Stan Kroenke and he knew that when he exercised his right first refusal overshot Khan? And so when I see that information that you don Van Natta reported South I read that I go God. Dean Spanos is plan with House money here that that is huge. Judge that he doesn't need that. SSL money and meanwhile cranky has to foot the bill one way or the other. That is huge. I keep rocky agreed to it but I guess he did whatever you had to do in order to get to La a huge thing and you know again the PS l.. I it was not only a big thing because the rams were counting on the PS l.. Money to help defray the cost of the stadium which at that point. You know we're talking. You know When they were started to sell those? SSL's that's twenty eighteen. The cost of the stadium had already ballooned to five billion dollars. That was up from one point. Eight billion and and two thousand fifteen and then had gone to two point seven or two point four billion in two thousand fifteen and so the stadium costs had gone up. The rams were facing a a hoarder time selling SSL in La than anybody realized and the chargers by the way. If I'm not mistaken it had projected that they would generate a four hundred million that was the league projection league that was the league projection. The chargers now the chargers say well that was completely unrealistic. Other people aren't so sure about that. They think that you know the chargers were aware that that could be a realistic projection. And so then the chargers you know so the rams are having a hard time selling seat licenses. The chargers start their program to sell seat licenses and it could not have gone worse and so In October of twenty eighteen charges review a study from legends. Which is Jerry Jones's concession and Sales Ell's company remember Jerry Jones is in the middle of yes and it was the worst feasability study that some of the people legend ever ever seen it basically showed there was no market at all for church or seat licenses so they essentially announce a fire sale on feet licenses? His and don't tell Stan Kroenke that they're gonNA do that. They don't tell the Rams until a day before They announce it to the public in the rams. Were furious because because Dean Spanos was getting all of these financial concessions and had pledged to be a good partner to crunchy and Saint Louis and to help make the stadium successful and here. He was undermining him in one of the most costly ways he could and that was it is. It's still an issue who between the teams today. Hope you're enjoying the conversation with south here on the show you know. The show does not exist without our sponsors and I realize is people listen to podcasts. And you're like okay got sponsored on era but you know this. It's a local podcast for the most part and And these sponsors make it possible and Ryan.."