SAN DIEGO (AP) -An attorney for the San Diego Chargers has denied a report by a Toronto radio station that billionaire Philip Anschutz will buy 35 percent of Southern California’s only NFL team.
The report immediately elevated speculation that the Chargers could be headed to Los Angeles. Sports and entertainment powerhouse Anschutz Entertainment Group has proposed building an NFL stadium in downtown Los Angeles.
The Chargers recently announced that owner Alex Spanos is looking to sell a minority stake to help with estate planning.
“There is no truth to the rumor out of Toronto that the Chargers have agreed to sell a portion of the team to Mr. Anschutz,” Chargers attorney Mark Fabiani said in a statement late Tuesday night.
The report was on Fan 590.
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