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WARM UP THE MOVING VANS; RAMS READY TO TAKE 1-70 EAST
Published January 13, 1995
"Barring the unexpected, FANS Inc. plans a 2pm CST news conference Tuesday in St. Louis to announce" that the Rams intend to move. However, there is "one hitch." According to the ST. LOUIS POST-DISPATCH, FANS Inc., the civic group negotiating to bring the Rams to St. Louis, must sell 40,000 permanent seat licenses (PSL's) by the NFL owners meetings in March or the team has the option to stay in Anaheim. That would give the group just about eight weeks to finalize the deal. FANS has also pledged to sell 50,000 PSL's by the Rams season opener in September. Upon completion of legal documents, and the final approval of Rams Owner Georgia Frontiere, the plans for the news conference call for MO- based businessman Stan Kroenke to be introduced as the new minority owner of the team. Kroenke will reportedly pay up to $80M for 40% of the franchise. The sale of the PSL's is vital, as the revenue will be used to pay off the cost associated with the team's move, including a relocation fee, and stadium improvement debts at Anaheim Stadium, the team's current home (Jim Thomas, ST. LOUIS POST-DISPATCH, 1/13).