Illinois businessman to own majority share of St. Louis Rams

Thursday, February 11, 2010 | 8:18 a.m. CST; updated 11:05 a.m. CST, Thursday, February 11, 2010

ST. LOUIS — Media reports say the majority owners of the St. Louis Rams have reached an agreement to sell the team to Shahid Khan, a businessman from Urbana, Ill.

Both, the Web site for the St. Louis Post-Dispatch, and the online newspaper cited unnamed sources in disclosing the sale on Thursday. Calls from The Associated Press to Khan and to the NFL office were not returned.

Khan is the 55-year-old president of Flex-N-Gate Corp., an auto parts manufacturer. reported he will purchase the 60 percent of the Rams owned by Chip Rosenbloom and Lucia Rodriguez, siblings who inherited the franchise when their mother, Georgia Frontiere, died in 2008.

The sale would need to be approved by NFL owners.

League sources told that Khan is committed to keeping the franchise in St. Louis.

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