Moving to L.A. doubled value of Chargers franchise, professor says

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

SAN DIEGO -- Dean Spanos may be the most hated man in San Diego, but he doubled the value of his NFL franchise by moving it to Los Angeles, a sports business expert says.

Dr. Jim Lackritz, the head of the Sports Business Department at San Diego State University, told FOX 5 that the value of the San Diego Chargers was about $1.5 billion. By moving north, the team became worth about $3 billion. Taking into account the costs of the move, Spanos still will make a $1 billion profit from the move, Lackritz said.