tute79 wrote:
Not sure how widely publicized this is, but the St. Louis Rams have been put up for sale.
Georgia Frontiere (widow of former LA Rams owner Carroll Rosenbloom) who moved the team to her original home town of St. Louis in 1995 died of breast cancer last year. She owned 60% of the team.
Stan Kroenke (married to a Wal-mart heiress) and owner of the Denver Nuggets / Colorado Avalanche / Pepsi Center (Denver) owns a 40% stake. He has the first option to buy Frontiere's 60%, however, NFL by-laws state that he cannot be majority owner of an NFL team, while owning sports franchises IN ANOTHER CITY. Kroenke has a home somewhere near Columbia, MO and specializes in site selection and real estate deals for new Wal-Mart locations. It would appear that he WON'T be exercising his right to buy the other 60%, since he would not want to have to divest the Denver sports teams.
So anyway, upon Frontiere's death, her 60% ownership state passed from her estate to the two children she had with Carroll Rosenbloom (Dale "Chip" Rosenbloom and his sistem Lucia). They apparently have no interest in being NFL owners and have chosen to "liquidate".
Upon relocating to St. Louis in 1995, the Rams organization signed a 30-year lease with the [former TWA-, now Edward Jones] Dome, which runs through the 2024 season. However, there is a clause which allows them to break the lease after 20 years (following the 2014 season) IF the facility is not among the "top 1/4 [= top 8] NFL facilities". Not clear who determines this, or how it is determined, but certainly a retractable roof is now clearly a NECESSITY for football (not sure exactly why - blimp shots I guess....). So a new owner can claim an "out" after 2014, or leverage the situation to demand reasonable upgrades to the Edward Jones Dome.
St. Louis Blues owner Dave Checketts claims to be assembling an investment group to make a bid for the Rosenbloom 60%.
Stay tuned....
You basically just posted what I was writing for the News section today: a Los Angeles Rams piece.
There is supposedly an outside-of-St. Louis ownership group interested in the rams. It's rumored they would want to move them to LA. Ideally though, I'd like to see the Raiders get int he way and move back to LA. Of all the expansion or relocation options, the Raiders are the clear #1 to be able to revitalize the fan base. If you recall, it was the stadium issue that made Davis leave for Oakland.