NFL approves Kroenke's purchase of the Rams

Stan-Kroenke-001.jpgJust in time for the peanut butter sandwiches to be served at a one-day business meeting in Atlanta, NFL owners have approved the acquisition of the St. Louis Rams by Stan Kroenke.

Word of the vote comes from Steve Wyche of NFL Network, via Jason La Canfora of NFL Network, via Twitter.

The vote was unanimous.  Of course, it’s possible that the unanimous vote was the second vote that came after the vote in which some of the owners voted, “No.”

Kroenke already owns 40 percent of the team.  He will acquire the 60-percent share held by Chip Rosenbloom and Lucia Rodriguez, presumably via a two-tiered process that will result in Rosenbloom and Rodriguez, who are siblings, continuing for some period of time to retain an interest in the club.

As part of the transaction, Kroenke will have to relinquish ownership of the NBA’s Denver Nuggets and the NHL’s Colorado Avalanche.  It’s believed that the basketball and hockey teams will be “sold” to his children.

UPDATE:  The Rams have announced the sale to Kroenke, via press release.  “Stan has been a familiar and respected figure in the National Football League for more than 15 years,” Commissioner Roger Goodell said in the release.  “He is a proven businessman and has experienced success in all of his sports franchises, as well as serving as a responsible community leader.  We look forward to him continuing to uphold the goals and values of the NFL as he becomes the majority owner of the St. Louis Rams.”  The release mentions that Kroenke owns the Nuggets and the Avalanche, but it says nothing about his plans for selling the properties, which is required by the league’s cross-ownership rules.
   

20 responses to “NFL approves Kroenke's purchase of the Rams

  1. After the evil racists and bigots came out in full force against Rush Limbaugh I am glad someone finally purchased the team.

  2. I don’t see why people think Spags should be on the hot seat yet, he inherited a team that was as aweful as the Lions & had only 1 good player on the roster. What was he supposed to accomplish in 1 year???
    Arsenal? If anyone paid attention to soccer, it might have mattered. Goodell probably didn’t even think it was worth mentioning.

  3. According to a friend who works for an intenet provider in St. Louis—90% of all computers at Rams park logged onto monster.com this afternoon.

  4. Good for Rams fans that they have local ownership. This could of went very badly for St Louis fans

  5. Good Riddance from Denver Mr. Kronke. You took a once proud Avalance team and flushed it down the toilet. One can only hope that your children aren’t the failures as a sports owner that you were.
    My condolences St. Louis. Good luck fielding a team with mr. tightwad running the show.

  6. Chapnasty. says:
    August 25, 2010 1:28 PM
    After the evil racists and bigots came out in full force against Rush Limbaugh I am glad someone finally purchased the team.
    *********************************
    I seriously hope your joking. If not that is the most ignorant comment I’ve ever seen.

  7. I don’t understand the point of making him give up the Nuggets & the Avalanche. It’s not like we’re gonna see Carmelo Anthony playing wideout anytime soon.

  8. “I don’t understand the point of making him give up the Nuggets & the Avalanche. It’s not like we’re gonna see Carmelo Anthony playing wideout anytime soon.”
    I think the issue is that he could potentially use his power in Denver to try to entice dollars away from the Broncos and thus help out the Rams. That seems unlikely at best and it’s probably why the NFL owners unanimously didn’t care that he would still be the pseudo owner of the Denver teams.

  9. Why wasn’t Rush Limbaugh approved? We need more people like that in society. Outspoken individuals. Everyone now a days are so chicken shit to state their true feelings. Unfortunate really

  10. # Chapnasty. says: August 25, 2010 1:28 PM
    After the evil racists and bigots came out in full force against Rush Limbaugh I am glad someone finally purchased the team.
    ——————————————————
    Care to share who those evil racist and bigots were that derailed Rush from owning the team?

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