Sports

Chargers, Raiders Buy Land For New Shared Stadium In Los Angeles

| by Daniel Yancelson

The San Diego Chargers and Oakland Raiders have begun talks about sharing a $1.7 billion stadium in Carson, CA, to pursue the Los Angeles market, according to the Los Angeles Times.

The teams released a joint statement explaining that they both want to stay in their respective cities, but also need a backup plan.

"We are pursuing this stadium option in Carson for one straightforward reason: If we cannot find a permanent solution in our home markets, we have no alternative but to preserve other options to guarantee the future economic viability of our franchises," the statement said.

The Chargers and Raiders already bought the 168-acre land in Carson—the site for the proposed stadium—and plan to privately finance the Los Angeles venue.

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Raiders’ owner Mark Davis has made it clear that he wants to keep the team in Oakland, but after signing a one-year deal with the city in January 2014, the team is now free to move from the O.co Coliseum, which they share with the Oakland Athletics.

The Chargers have been battling for a new stadium in San Diego since 2002, and because the city hasn’t approved of a new stadium, they aren’t ruling out moving to LA.

According to the times, both of these teams are working with a coalition group called “carson2gether,” which will announce the project for the new stadium near the venue later today.

If the teams end up sharing the stadium, they will be the second pair of teams to share a venue. The Jets and Giants both call MetLife Stadium home, but they aren’t in the same conference like the Chargers and Raiders. A move of conferences might follow the move to LA.

Sources: LA Times, CBS Sports