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Rams Announce Retention Of Goldman Sachs

The St. Louis Rams have announced that the firm of Goldman Sachs has been retained by the family of late Rams owner Georgia Frontiere to “assist in a strategic review of the assets of her estate, including the St. Louis Rams.”
This move confirms the recent report from Bernie Miklasz of the St. Louis Post-Dispatch regarding the retention of Goldman Sachs, but the characterization of the arrangement steers clear of any acknowledgment that Goldman Sachs has been hired to find potential buyers for the Rams.
Meanwhile, Miklasz now explains that he believes minority owner Stan Kroenke will lobby the NFL to relax its cross-ownership rules to permit him to buy the team notwithstanding the fact that he owns the NBA’s Denver Nuggets and the NHL’s Colorado Avalanche.
Before Wayne Huizenga bought the Dolphins, the NFL prohibited owners to hold major league teams in any other sport.  The league relaxed that rule for Huizenga, but put in its place a rule requiring that all of an owner’s teams reside in the same market.
The question, as Miklasz points out, becomes whether Broncos owner Pat Bowlen would attempt to block the move, given that he owns the football team that currently plays in the market where Kroenke owns a basketball team and a hockey team.
And Bowlen might do it.  As a practical matter, he would be competing on his home turf with two franchises owned by one of his supposed partners in the NFL.
If Kroenke would obtain a waiver of the ownership rules, current majority owners Chip Rosenbloom and Lucia Rodriguez could sell their 60-percent stake to a smattering of investors, since Kroenke’s 40-percent interest in the team already gives him enough to act as the controlling partner.
Finally, Miklasz mentions a fairly well-known (some would say notorious) Missouri native who possibly might be interested in buying the team — radio host Rush Limbaugh, an ardent football fan who worked briefly for ESPN several years ago.

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17 Responses to “Rams Announce Retention Of Goldman Sachs”
  1. sbnsmo says: Jun 1, 2009 4:50 PM

    the cross-ownership rule seems stupid.

  2. cover2blitz0 says: Jun 1, 2009 4:55 PM

    Before Wayne Huizenga bought the Dolphins, the NFL prohibited owners to hold major league teams in any other sport. The league relaxed that rule for Huizenga, but put in its place a rule requiring that all of an owner’s teams reside in the same market.
    if thats true then how can the glazers own the bucs and man u?

  3. hayward giablommi says: Jun 1, 2009 5:03 PM

    Just move the Rams and/or the Chargers back to L.A. already.

  4. Electrogasm says: Jun 1, 2009 5:09 PM

    Does that mean that we, the taxpayers, can dictate St. Louis team policy?

  5. jmt86 says: Jun 1, 2009 5:18 PM

    good bye st louis rams, hello LA

  6. Kidekk says: Jun 1, 2009 5:19 PM

    So does that mean they’re going to cut the bottom 5% of players and replace them with proven players?

  7. gameday says: Jun 1, 2009 5:25 PM

    As I said before, the NFL should relax its rules and allow Kroenke to buy the team. The guy and his wife have very deep pockets and in this economy one would think the NFL should appreciate financial stability in a prospective owner. The league allowed Mr. Blockbuster considerable leeway to buy the Dolphins, allowed the Rooneys to continue to own racetracks for years and recently allowed what is a pretty weak patchwork ownership group to take over the Steelers in which Dan Rooney nor any others have a strong financial portfolio.
    Pat Bowlen should not be allowed to block anything, the Rams are not anywhere close to Bronco territory.

  8. Shackman says: Jun 1, 2009 6:17 PM

    I just can’t envision any scenario involving multiple suitors clamoring to get in line to buy the Rams. Especially since the asking price is just short of a billion dollars. Given the realities of today’s marketplace, the NFL, in my opinion, needs to revisit the rule that restricts owners of multiple franchises from having to play in the same market. Just exactly what does the NFL have to do with the NBA or the NHL or vice versa anyway?
    Mike, seeing as though perhaps I’m not the only here who knows next to nothing about how league ownership manages its affairs, perhaps you would be kind enough to shed a little more light on why Pat Bowlen would be opposed to Stan Kroenke owning the Rams.
    Seriously, why should Bowlen give a rip about the guy if he wants to purchase the Rams? Who cares if he owns the Nuggets and the Avalanche already? Football will always be the king in Denver and the NBA and NHL will continue to be nothing more than piss boys for the Broncos.

  9. VBG says: Jun 1, 2009 6:21 PM

    The Rams don’t belong in St. Louis, they need to be sold and moved back to Los Angeles where they belong.

  10. MagicSoccerSpray says: Jun 1, 2009 6:33 PM

    Limbaugh owning a team would be a good thing IMO. He is passionate and knowledgeable about football. Though he is a KC fan, the Rams are probably a fine substitute. Now, if only we can get Tom Clancy back in the hunt for a team…

  11. zertrat says: Jun 1, 2009 7:50 PM

    There is nothing new to this story. Every component of this story was known yesterday. Bernie McClaus is a joke. He is the classic case of a so-called journalist who just sits around his house doing nothing. That’s allowed in the Midwaste, excuse me, Midwest. A phone call or two is considered work. McClaus is the anti-Florio. Florio works hard and thinks. Bernie does neither. Bernie weighs about 734 pounds. Give or take 200. I have seen him in person and he is like this giant Jabba the Hut. In St. Louis, Bernie always takes the righteous angle. He will wax on any issue without knowing anything important. He believes news occurs in his head. Wrong, fatboy.

  12. SpartaChris says: Jun 1, 2009 8:17 PM

    Why does the league disallow someone being a majority shareholder if they own other sports franchises?

  13. Penguininbondage says: Jun 1, 2009 10:19 PM

    We got one of those in Philly. Bill Conlin of the Daily news, hasn’t seen his dick in years.
    St. Louis, LA, both are sewers, just fewer gays in LA.

  14. Roachk1lla says: Jun 1, 2009 10:59 PM

    Just as long as they dont let some chinese billionaire to buy it. They are gonna try and buy as much of America as they can.

  15. desides says: Jun 1, 2009 11:26 PM

    MagicSoccerSpray, Limbaugh is a Steelers fan, not a Chiefs fan. He once worked for the Kansas City Royals’ marketing department, however.

  16. SpartaChris says: Jun 1, 2009 11:40 PM

    Shackman says:
    June 1st, 2009 at 6:17 pm
    Mike, seeing as though perhaps I’m not the only here who knows next to nothing about how league ownership manages its affairs, perhaps you would be kind enough to shed a little more light on why Pat Bowlen would be opposed to Stan Kroenke owning the Rams.
    Seriously, why should Bowlen give a rip about the guy if he wants to purchase the Rams? Who cares if he owns the Nuggets and the Avalanche already? Football will always be the king in Denver and the NBA and NHL will continue to be nothing more than piss boys for the Broncos.

    You just answered your own question. Bowlen might be worried Kroenke would move the Rams to Colorado, possibly even Denver, which would cut into his market share.
    And a move to Colorado would make sense. Kroenke’s other teams are there, and it’s closer to the division they play in than St. Louis is.

  17. AllSeeingEye 2.0 says: Jun 2, 2009 9:09 AM

    Does Rush Limbaugh actually have the cash/credit to buy an $800 million NFL team?
    I doubt it. But if so, how the heck do I get into the radio business?

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