"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).
