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Blog Entry

Rams ownership issue could finally be sorted out

Posted on: July 27, 2010 11:27 am
 
The St. Louis Post Dispatch is reporting that the NFL will hold a special owners meeting in Atlanta on August 25 to presumably vote on Stan Kroenke’s ownership bid for the Rams. Kroenke (net worth: $6 billion) owns 40 percent of the franchise and is attempting to buy the 60 percent that Chip Rosenbloom and his sister, Lucia Rodriguez, have had on the market for over a year.

To buy the Rams, Kroenke will have to transfer his ownership of the Denver Nuggets and Colorado Avalanche to other family members (NFL owners are prohibited from owning major pro sports teams outside their NFL team’s market).

It’s just a matter of legal issues at this point, as Kroenke, a Missouri businessman, is well-liked by owners. The Post-Dispatch has more:

Kroenke is seeking time to work through the transfer of the hockey and basketball teams, perhaps because of estate tax issues. But barring some last-minute hitch, enough of the unsettled details will be worked out over the next couple of weeks, leading to the expected vote in Atlanta.

Chip Rosenbloom and his sister, Lucia Rodriguez, assumed controlling interest in the Rams after the death of their mother, Georgia Frontiere, in January 2008. The team has been for sale for more than a year, with Urbana, Ill., businessman Shahid Khan signing a sales agreement to buy the club last February.

However, Kroenke exercised a right of refusal on April 12 to buy the 60 percent share of the Rams held by Rosenbloom and Rodriguez.


-- Andy Benoit

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Category: NFL
Comments

Since: Dec 2, 2011
Posted on: February 2, 2012 8:11 am
 

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Since: Dec 2, 2011
Posted on: January 3, 2012 1:29 pm
 

Rams ownership issue could finally be sorted out



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