On January 14, 2016, the team filed paperwork for official trademark protection of the term "Los Angeles Chargers" for the purposes of running and marketing a professional football franchise. After two weeks of negotiation, the Chargers and Rams on January 29, 2016 reached an agreement in principle on sharing the planned SoFi Stadium. Both teams would contribute a $200 million stadium loan from the NFL and personal seat license fees to the construction costs and would pay $1 per year in rent to the facility's controlling entity, StadCo LA, LLC.