Monday, April 12, 2010

Stan Kroenke Now Wants To Buy Rams

Tonight Stan Kroenke exercised his right of first refusal under the St. Louis Rams Partnership Agreement to purchase full controlling interest in the St. Louis Rams. Kronke would have to buy out the remaining 60% and have the NFL league approve of the sale.

The biggest question I have is why did Kroenke take the full 60 days to make his decision? Stan has plenty of money, in 2009 he was #117 on Forbes’ list of the 400 richest Americans with a net worth of $2.7 billion. In addition his wife Ann a Wal-Mart heiress was #110 with a net worth of $2.9 billion. That's right they are worth almost 6 billion dollars! I don't believe the remaining 60% would cost him more than 500K. So he was not trying to scrap together funds, so what was he waiting for?

The National Football League cross-ownership rules currently prevent owners from having a majority share of an NFL team in one city if they own a majority of another major-league team in another market. Kronke currently not only owns the Denver Nuggets in the NBA but also the Colorado Avalanche of the NHL. Both franchises will be in the upcoming playoffs of both sports. Perhaps Kronke was waiting longer to get closer to the end of both season where he could possibly try to sell both after exciting post seasons? It is not likely a business man like Kroenke wants to sell two high profile professional franchises. It is more likely that Kroenke is planning on getting the NFL to make an exception for him. Kroenke also currently owns 28.7% of the English premier soccer club Arsenal. Perhaps he would sell the Nuggets and Avalanche to fully purchase the Arsenal from Russian billionaire Alisher Usmanov.

For now we will have to wait and see if Stan Kroenke can talk the NFL into letting him purchase the Rams from Chip Rosenbloom and Lucia Rodriguez. Fans will continue to play the waiting game to see how this plays out. Hopefully none of this will affect the St. Louis Rams drafting. With the Rams holding the #1 overall pick in the 2010 NFL Draft they will most likely need to shell out 30+ million on a guaranteed contract.

By Stlvinnie - http://www.stlouisramfan.com/

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