Monday, May 11, 2015

Chargers make $3.3M profit rather than paying $23M in rent (The Associated Press)

The San Diego Chargers were paid nearly $3.3 million by the city to play at Qualcomm Stadium from 2006 through 2013, thanks to rent credits and reimbursements from a settlement that made the stadium compliant with the Americans with Disabilities Act. Without the ADA settlement and rent credits, the Chargers would have owed the city nearly $23 million during that span, according to figures provided by the city. Final figures for the 2014 season haven't been calculated, but the Chargers stand to again make a profit for playing at the aging stadium they say can no longer sustain them financially. The Chargers are threatening to move to the Los Angeles area if they don't get a new stadium.

from Yahoo Sports http://ift.tt/1Ey6Zko
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