On Monday night, billionaire Stan Kroenke made the decision to try to purchase the 60 percent share of the St. Louis Rams that is still up for grabs.
Kroenke, a Columbia native, already owns both the Denver Nuggets of the NBA and the Colorado Avalanche of the NHL. The remaining share he is seeking is currently owned by Chip Rosenbloom and Lucia Rodriguez, the children of Georgia Frontiere, who brought the Rams from Los Angeles to St. Louis in 1995. Frontiere died in January 2008.
Kroenke, 62, already owns 40 percent of the team, so successfully obtaining the remaining share will place him as sole owner of the Rams.
According to a St. Louis Post-Dispatch story, NFL 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.
Greg Aiello, the NFL's senior vice president of public relations, said Monday evening that Kroenke's purchase attempt would be reviewed by the league office as well as the league's finance committee once it receives documentation of Kroenke's bid, the story stated.
Kroenke’s decision came as a surprise to many. After Rosenbloom and Rodriguez came to an agreement with Illinois businessman Shahid Khan to buy the team, Kroenke had 60 days to decide whether to keep his 40 percent share, sell it, or exercise his right to buy the team outright, according to an AP story.
With many issues surrounding the Rams, including a 6-42 record over the past three seasons, Kroenke’s decision potentially hushes any rumors of the team’s leaving St. Louis.
What do you think of Stan Kroenke’s decision to purchase the St. Louis Rams franchise? Would it be a good move for the team?