Rams minority owner Stan Kroenke invoked on Monday his right to match the offer of Shahid Khan to buy the 60-percent stake in the franchise currently owned by Chip Rosenbloom and Lucia Rodriguez, the heirs of Georgia Frontiere.
Rosenbloom acknowledged the development in a statement issued Monday night.
“Today we received notice that Stan Kroenke has exercised his right of first refusal under the St. Louis Rams Partnership Agreement to purchase the Rosenbloom family’s controlling interest in the team,” Rosenbloom said. “We and our advisors will work with the National Football League as we move forward with the objective of completing a transaction for the sale of our interest in the Rams.”
As pointed out in a prior post, the biggest question is whether Kroenke will be required to sell the NHL’s Colorado Avalance and the NBA’s Denver Nuggets.