This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

San Diego Chargers Are NFL's Blackout Grinch

PORTLAND, Ore. (TheStreet) -- Welcome to San Diego, the one place in the U.S. where National Football League team owners still think that keeping the home team off of local television will get them a new stadium.

After we took the time to congratulate owners on 12 weeks without an NFL blackout and the UT San Diego ran an editorial demanding public support for a new Chargers stadium, the Spanos family that owns the Chargers threw out all that goodwill with the Thanksgiving leftovers by taking the team's Sunday game against the Cincinnati Bengals off the air. The Chargers were 5,300 tickets short of a sellout as of Thanksgiving afternoon, which automatically triggered the NFL blackout rule that demands games be sold out 72 hours before kickoff if they are to be televised.

Don't blame the NFL and its backward blackout rule for this one, however. Blame the Chargers and the Spanos family for engaging in a spite war with their hometown and flat-out refusing to use the tools that would allow them to avoid such blackouts.

The Spanos clan is fully aware that it or one of its team's sponsors can buy up remaining tickets at a third of face value and give them away to charities to keep the game on air. Despite the fact that the Tampa Bay Buccaneers, Miami Dolphins, Jacksonville Jaguars, Carolina Panthers and other teams have used that loophole this year -- and that ESPN and local sponsors helped buy up 8,500 tickets earlier this season to keep a Monday Night Football matchup between the Chargers and Indianapolis Colts on the air in Southern California -- the Spanos clan has been loathe to embrace that option.

"We're in one of the oldest stadiums in the league, and don't have opportunities that other teams have to increase revenue with things like a bigger naming rights deal or digital signage," executive vice president and CEO Alex Spanos told the North County Times a few years ago before blacking out a preseason home game. "We rely heavily on ticket sales as a primary revenue stream. This market has shown an ability to sell out games over the last 10 years, and we need to take advantage of that."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,905.85 -79.76 -0.47%
S&P 500 1,964.56 -8.27 -0.42%
NASDAQ 4,401.9040 -17.13 -0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs