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League won't comment on Kroenke's reported plan for NHL, NBA teams

FOX 2 in St. Louis reported earlier tonight that Rams minority owner Stan Kroenke is prepared to transfer ownership of the NHL’s Colorado Avalanche and the NBA’s Denver Nuggets to a family member, in order to allow him to purchase the portion of the football franchise he currently doesn’t own.

We’ve asked the NFL whether such a simple maneuver will be sufficient to circumvent the league’s cross-ownership rules.  The league declined to provide a definitive answer.

“The proposed transaction will be reviewed by our office and the Finance Committee,” NFL spokesman Greg Aiello told us via e-mail.  “Until then, it is premature for us to speculate on the outcome.”

Here’s the bottom line.  The league can approve any transaction that it wants, as long as a total of 24 owners are willing to give it the thumb’s up.

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3 Responses to “League won't comment on Kroenke's reported plan for NHL, NBA teams”
  1. Tiki's Barber says: Apr 13, 2010 11:24 PM

    It should be. It was enough for the Rooney’s to say “oh, it is my brother that owns the horse track, but I own the Steelers.”

  2. FumbleNuts says: Apr 14, 2010 1:32 AM

    “A lot of players will go out and say, ‘Well, Ben did this,’” Logan said. “‘He’s been in bad situations and he didn’t get suspended.’ So I think there might be a little uproar if he doesn’t get a suspension.”
    This is because Pig Ben is white, plain and simple.

  3. Floyd the Barber says: Apr 14, 2010 7:36 AM

    One thing about Kronke, he’s nobody’s fool.
    He’s been an NFL for 15 years now, albeit a minority partner. But he knows all these good old boys and they know him. You can rest assured he’s been told through back channels that his plan will be approved.

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