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ST. LOUIS RAMS? ANNOUNCEMENT COULD COME NEXT WEEK
Published January 11, 1995
The Rams' move to St. Louis is close to complete, as "details and paperwork" appear the only obstacles keeping the team from making an announcement. Rams President John Shaw: "I think we are close to an agreement. ... if we get on the fast track it's conceivable we could have an announcement some time next week." It is also reported that MO-based businessman Stan Kroenke was finalizing his agreement to purchase up to 40% of the team. Kroenke would pay $80M for the share, and be given right of first refusal should the team be sold (T.J. Simers, L.A. TIMES, 1/11). The two "nagging" issues preventing the move -- the sale of permanent-seat licenses (PSL) and club and luxury boxes -- seem to have been resolved. FANS, Inc., the civic group trying to bring the Rams to St. Louis, has reportedly agreed to guarantee sales of 85% of the club and luxury boxes for an undetermined "long-time" period. The Rams have also "come down on their previous wish to have 50,000 seat licenses sold in about two months. FANS, Inc. spokesperson Tom Eagleton: "There's a definite closing of the gap. ... That means to me that we're going to get it done" (Jim Thomas, ST. LOUIS POST-DISPATCH, 1/11). FANS is expected to announce a move early next week, although Shaw denied a KMOX report that the announcement could come Sunday. The team would then need to receive approval from 23 of the NFL's 30 team owners, most likely during the NFL winter meetings in March (Himmelberg & Mouchard, ORANGE COUNTY REGISTER, 1/11).