San Diego Chargers special counsel Mark Fabiani denied rumors spreading online Tuesday night that Chargers owner Alex Spanos is set to sell a 35 percent stake in the NFL team to Los Angeles businessman Phil Anschutz.

Even so, the team announced a couple of weeks ago that they had hired Goldman Sachs to seek out bids to sell a portion of the franchise, which Forbes valued at more than $900 million in August. The Chargers have also been searching for locations for a new stadium, most recently focusing on a location in downtown San Diego.

Former Los Angeles Lakers star Magic Johnson added fuel to the rumors when he said Tuesday on Jimmy Kimmel Live that he is working with AEG to move an existing NFL team to L.A. Anschutz already owns a stake in the Lakers, the Los Angeles Galaxy and the Los Angeles Kings. Forbes pegged Anschutz's wealth at $6 billion on the magazine's 2010 listing of the 400 richest Americans.

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