The Chargers are moving to LA and will share the Rams’ future Inglewood stadium

Well, it’s official: The San Diego Chargers are now the Los Angeles Chargers, and they’ll play their next season in LA. Wasting no time, the team has already changed their Twitter handle, and they have a new logo in mind.

The formal announcement came from the team early this morning, though sports media has known since yesterday that the team’s move was a basically done deal.

The Chargers were offered the option to move to Los Angeles in early 2016, when the NFL also offered the Rams the chance to come to LA. At the time, the Chargers elected to remain in San Diego, holding out hope they could get a new stadium for the team built there.

A measure on the city’s November ballot to raise hotel taxes would have helped finance a new $1.8-billion stadium, but residents rejected it.

Last month, rumors stirred that the San Diego team was very serious about moving north. At the time, ESPN reported that, “barring a miracle,” an LA move was imminent.

The Rams and the Chargers will eventually play in Inglewood, at a $2.6-billion stadium that was designed to host two home teams. But that project isn’t expected to be complete until 2019.

For now, the Rams play at the Coliseum in Exposition Park, a site that’s fairly central and is conveniently located across the street from a stop on the Metro Expo Line—a perk that many, many fans have made use of during the football season.

When the Chargers make their move, they will play a bit farther south, at Carson’s 30,000-seat StubHub Center, according to their official statement. The StubHubCenter holds less than half the capacity of the Chargers’ old San Diego Stadium (about 70,000) and a fraction of the capacity of the Rams’ Coliseum (about 93,000).

In the team’s statement, A.G. Spanos, president of business operations for the Chargers addressed the smaller venue size, calling it “a unique opportunity to see NFL action in such an intimate setting.”

Correction: An earlier version of this story underestimated the cost of the stadium. The latest estimate is $2.6 billion.

Chargers to Relocate to Los Angeles [Chargers]

• Could the San Diego Chargers really be moving to Los Angeles? [Curbed LA]