The plan would be to build a $1.7 billion stadium in Carson that they would share, according to the Los Angeles Times. The venue would be privately financed.
Both teams will continue to look to get a deal done for new stadiums in their home markets and are looking for public subsidies, according to the Times. From the joint statement:
The teams said they understand the NFL’s rules for relocation and “respect the right of the NFL’s owners to decide on all Los Angeles-related relocation issues.” All relocations most be approved by three-fourths of the league’s owners.
Both teams are currently in year-to-year leases in their home stadiums and have long been the subject of relocation talk.
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