Financial concerns reasoning behind breakdown in plans, despite teams and fans wanting a team in the city.
When the LA Raiders left for Oakland and LA Rams jumped ship to St. Louis in 1995, Los Angeles went from having two teams to none, and it is still that way today.
Despite numerous attempts to lure teams with the promise of big stadiums and sellout crowds, nothing has come to fruition, and the same has happened to the latest attempt.
In a report on sports.yahoo.com, it is reported that the proposed AEG stadium has been rejected on financial grounds.
One league source told reporter Jason Cole that the numbers don’t add up.
“The numbers just don’t work, no matter how you look at the deal,” a league source said in February.
“It’s either too hard for AEG to make money [and pay the debt on the stadium] or too hard for the team. I just can’t see a way for it to work.”
In this writer’s opinion, there will be an NFL team in LA within ten years.
The fans want it, the league wants it and owners of teams with dwindling fans (Jacksonville, Buffalo and St. Louis to name three) want it.
The stumbling block is making a financially stable project in which a stadium and complex can be ran comfortably, without leaving the city, team and league in masses of debt.
Still they have two college teams in the UCLA Bruins and USC Trojans to keep them happy until the NFL team turns up soon.