SBD/Issue 177/Franchises

Kroenke Introduces Proposal To Buy Rams At NFL Owners Meetings

NFL Working With Kroenke
To Make Him Next Rams Owner

Stan Kroenke used the NFL owners meetings in Irving, Texas, to “introduce his proposal on meeting the league’s cross-ownership rules in his bid to purchase controlling interest in the Rams,” according to Jim Thomas of the ST. LOUIS POST-DISPATCH. Kroenke “made his plans known Monday afternoon when he met with the NFL’s finance committee.” At least two NFL team owners have indicated that Kroenke “was impressive in answering questions” from the committee. When asked how Kroenke will comply with cross-ownership rules, NFL Commissioner Roger Goodell said, “That’s still a little bit of a moving target. … But Stan has made it very clear that he wants to be compliant with NFL rules, and that he is willing to work towards finding a way to do that. And that’s what our (finance) committee’s willing to do.” League sources said that Kroenke “will not sell the Rams to his wife, Ann, as a way to satisfy the cross-ownership rules.” The NFL “wants Kroenke as the Rams’ next owner,” but work “remains to be done in order for Kroenke’s bid to be approved.” The finance committee “apparently has already asked him to tweak some parts of his proposal.” The Rams “originally were hoping that a vote on Kroenke’s bid could come in late July,” but that is “probably not going to happen.” Goodell: “I don’t expect another (league) meeting until August. We’ll continue to work on (Kroenke’s bid) over the summer, but it will be our hope to be able to address that prior to the start of the regular season” (ST. LOUIS POST-DISPATCH, 5/26).

FULL STEAM AHEAD: In St. Louis, Bryan Burwell writes under the header, “Kroenke’s Bid To Purchase Rams Looks Like It’s Gaining Steam.” Burwell: “It appears that the league owners and commissioner Roger Goodell are going to do what we suggested a while ago: they seem willing to bend their so-called unbending cross-ownership rules to let a good friend into the club.” If the owners “decide to bend the rules as they’ve done in the past, it also tells an important story.” It “says that Kroenke will be a welcome member of the ownership fraternity, and a favorite son as well.” Kroenke has a “proven track record in the NBA and NHL” as owner of the Nuggets and Avalanche. He has “independent wealth from his own real estate empire, along with that real-estate expertise and the economic wherewithal to do what Jerry Jones has already done, which is build his own state-of-the-art football stadium” (ST. LOUIS POST-DISPATCH, 5/26).

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