Below is the full text of the joint Raiders-Chargers statement released by the Chargers on Thursday night:

We have both been working in our home markets to find a stadium solution for many years, so far unsuccessfully.

We remain committed to continuing to work in our home markets throughout 2015 to try to find publicly acceptable solutions to the long-term stadium issue.

We also both understand and respect the NFL’s relocation process, and we intend to adhere strictly to the relocation procedures that the League has set forth for Los Angeles.

In particular, we respect the right of the NFL’s owners to decide on all Los Angeles-related relocation issues and understand that any relocation application that is filed for Los Angeles must obtain the approval of three-fourths of the NFL’s owners.

Both teams have kept the NFL owners’ committee on Los Angeles, and the Commissioner, fully informed about our joint efforts.

We are pursuing this stadium option in Carson for one straightforward reason: If we cannot find a permanent solution in our home markets, we have no alternative but to preserve other options to guarantee the future economic viability of our franchises.

In short, for the remainder of 2015, we intend to move down two tracks simultaneously:

On track one, we will continue to work in our home markets to find permanent stadium solutions that are publicly acceptable.

On track two, we will work in Carson to preserve our options, and the future economic viability of our franchises, in the event that our efforts in our local markets fail.

Throughout this process we will respect the rules and procedures set forth by the League and defer completely to the ultimate decision of the NFL’s owners.