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SBD/April 19, 2011/Franchises
Soccer's Cross-Border Potential A Motivating Factor For Kroenke's Arsenal Takeover
Published April 19, 2011
SPREADING HIMSELF TOO THIN? In St. Louis, Bernie Miklasz wrote under the header, "Is Rams Owner Stan Kroenke Spread Too Thin?" Kroenke is "now an international man of mystery after his friendly but stunning takeover" of Arsenal. Kroenke "has added another prominent team to a collection of sports properties that includes" the Rams, Nuggets, Avalanche, MLS Rapids, NLL Mammoth, the Pepsi Center and the Altitude regional sports network. To comply with NFL ownership rules, Kroenke is "obligated to divest himself of the Denver sports franchises at some point," but "unless Kroenke sells the Denver teams to outside interests, it's naive to think he won't have some unofficial role in their operation" (ST. LOUIS POST-DISPATCH, 4/17).
HEIR TO THE THRONE: In Denver, Benjamin Hochman profiled Nuggets President and Avalanche Governor Josh Kroenke, who offered his "first wide-ranging interview since taking over the Nuggets last summer." Kroenke is the "billionaire heir to Wal-Mart" on his mother's side and "a sports empire" on his father's side. Kroenke "prefers to be just Josh, a humble, likeable guy carving out his own legacy." Kroenke: "Honestly, I think I'm a huge nerd." Kroenke "runs two of the four major pro franchises in town and will for years, fueled by his Midwestern work ethic, calculating business mind and a sizable chip on his shoulder." At "age 30, and just 10 months into the job, he's transformed his father's franchise into something all his own." Bucks GM John Hammond, who coached Kroenke as an assistant at the Univ. of Missouri, said, "He has many outstanding personal attributes, but by far his greatest attribute is his humility. I truly admire him for the man that he is" (DENVER POST, 4/17).