SBD/Issue 184/Franchises

Kroenke Intends To Keep Nuggets, Avalanche In The Family

Kroenke Plans To Shift Ownership
Of Nuggets To His Son

Stan Kroenke yesterday in a statement made clear that he "intends to keep ownership" of the Nuggets and Avalanche within his family, as well as own the Rams, according to Benjamin Hochman of the DENVER POST. Kroenke also made his "first public comments about transferring ownership of the Nuggets to his son, Josh," who is the team's VP/Team Development. Kroenke in the statement said, "Our son Josh has been involved with many of our organizations for several years and that family continuity remains a priority. My family looks forward to owning the Rams, Nuggets and Avalanche for years to come while being compliant with all stipulations set by the NFL. Our family remains committed to fans in St. Louis and Denver." Hochman notes Kroenke "will transfer some or all of his ownership of the Nuggets to his 30-year-old son." It is "unclear how Kroenke will handle the ownership of the Avs, though it is possible he could pass that ownership to his son or possibly to his wife." NBA Commissioner David Stern said that the league "has not received anything official regarding Kroenke transferring ownership of the Nuggets." Stern said that a transfer of ownership "would have to be approved" by the NBA's BOG. Stern: "I know (Josh), I know the family -- very smart business and basketball family. I know he's deeply involved in the basketball side of the (Nuggets') operations." Nuggets F Carmelo Anthony said of Josh, "He's very business savvy. As an owner, it'll take some time for him to learn everything. But eventually, I think he'll become a great owner" (DENVER POST, 6/8).

RAM CHARGER: In St. Louis, Christopher Tritto notes the Rams' front office is "riding a resurgence of local interest" in the team. Rams VP/Sales Michael O'Keefe said that new season-ticket sales are "tracking about 300 percent ahead of this time last year, and they have been since before the April 22 draft," when the team selected QB Sam Bradford with the No. 1 pick. The team in February announced that "two-thirds of the seats at the Edward Jones Dome would drop in price." O'Keefe said, "We've experienced call volume in the ticket office we haven't seen in a couple of years." Also, Rams CMO Bob Reif said that a "large number of local companies are in sponsorship and ticket purchasing talks with the team, and many current business partners are working on renewals" (ST. LOUIS BUSINESS JOURNAL, 6/4 issue).

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