Recently, a report surfaced in the St. Louis Business Journal that FedEx CEO and founder Fred Smith is interested in acquiring the 60-percent stake in the Rams that Chip Rosenbloom and his sister, Lucia Rodriguez, currently are selling.
According to the Memphis Commercial Appeal, Smith isn’t interested. The report cites an unnamed source close to Smith.
He currently owns 10 percent of the Redskins.
The leading candidate to purchase the interest previously held by the late Georgia Frontiere, and then bequeathed to her two children, is minority owner Stan Kroenke.
Kroenke already owns 40 percent of the team. But because he also owns the NHL’s Colorado Avalanche and the NBA’s Denver Nuggets, Kroenke would need a waiver of the league’s rule preventing an NFL owner from holding pro teams in a different market that hosts an NFL team.
FedEx CEO Not Interested In Rams
Posted by Mike Florio on June 24, 2009, 9:38 PM EST
4 Responses to “FedEx CEO Not Interested In Rams”
Because FedEx is sinking like a rock and Fred is BROKE! Duh?
As another poster to this site mentioned (something like this) recently.
Please let Kroenke acquire the Rams then trade the rights to the Rams to Pat Bowlen in exchange for the rights to the Denver Broncos and then Bowlen can, if he chooses, sell the rights or some portion thereof to Ed Roski and the Rams can move to Los Angeles.
Kroenke couldn’t possibly do as much damage toi the Broncos in six years as Bowlen has done in the last six months.
Interesting.
When I made the post that Brewster is referring to (it’s buried somewhere down there in one of the earlier Kroenke posts), I was simply musing about how such a “franchise trade” might make sense from a business standpoint. It never occurred to me that the idea might be appealing to a Broncos fan.
And the Rams are not interested in FredEx….