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Report: Khan "no sure thing" to be approved as Rams owner

Apart from the possibility that minority owner Stan Kroenke will elect to exercise his right to match the offer made by Shahid Khan to buy the 60-percent stake in the team that Kroenke doesn’t already own, Khan reportedly faces another obstacle in his quest to assume control of the franchise.

According to Len Pasquarelli of ESPN.com, a member of the NFL’s finance committee said that “[t]here’s still a lot of very close scrutiny left.”

The source tells Pasquarelli that league approval of Khan’s offer is “no sure thing.”

As a result, Dave Checketts will keep his own bid alive in the event that Khan can’t secure approval.

It wouldn’t be the first time that a prospective buyer was unable to get the deal done.  Before Daniel Snyder bought the Redskins in 1999, he was part of a bidding group led by Howard Milstein.  They had a deal in place with the estate of Jack Kent Cooke, but Milstein withdrew  and Snyder took over.

Also, author Tom Clancy was in line to own the Vikings in the late 1990s.  His bid failed, opening the door for Red McCombs.

So, really, no proposal is a “sure thing,” even if the current owner of a team accepts it.  In the end, 24 of the other 31 owners must approve.  If they don’t, the buyer isn’t getting in the club.

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7 Responses to “Report: Khan "no sure thing" to be approved as Rams owner”
  1. slipkid says: Feb 14, 2010 8:26 AM

    why – does he listen to a certain radio show?

  2. jonathan says: Feb 14, 2010 8:28 AM

    You forget an even better example — the last time a member of a minority tried to buy a team (the Vikings), he wasn’t approved — something which allowed Ziggy Wilf to move in.

  3. Child_Please! says: Feb 14, 2010 8:39 AM

    The Nfl should bend the rules and allow Kroenke to buy the team.
    They bended, twisted, and broke the rules for years to allow the crooked Rooneys’ to own gambling interests and the Steelers at the same time.
    Kroenke and the his Walmart wife heiress have MUCH deeper pockets than this guy Khan. You would think that the greediest corporation in America(the NFL) would want to partner up with the richest, and second greediest corporation in America.
    Think of all the possibilities of a NFL – WalMart alliance.
    BTW, why is it sooooooo damn slooooow to pull up the posts and login. Fix the problem Florio.

  4. Quagmire says: Feb 14, 2010 9:11 AM

    As Kirk would say: KHAN!!!!

  5. DJSlyBri says: Feb 14, 2010 10:12 AM

    I didn’t know this guy was a right wing Republican. He should have switched his voter registration before bidding.

  6. Brewster says: Feb 14, 2010 10:37 AM

    Yesterday Florio posted an article suggesting that Khan might have difficulty getting approval of 24 of the 32 NFL owners, with some mention of an all white ole boys club.
    Here’s florio’s comment:
    “In this regard, it would be foolish not to consider the potential impact of the proposed buyer on the ultimate decision. Given that the league has been compelled to force its exclusively white and largely elderly ownership base to interview minority candidates for head-coaching and key front-office jobs, it’s fair to at least wonder whether 24 of them will be ready to accept into the club a man named “Shahid Khan.”
    Florio was immediately villified as a racist and/or a liberal by several posters, who suggested the country was past that.
    Cut Florio some slack, he’s just stating the obvious that the Khan deal is no sure thing.

  7. SATAN says: Feb 25, 2010 11:04 AM

    Where I live we treat Jews, Christians, Muslims, Atheist, Buddhitst and all other equally.

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