Owners approve Stan Kroenke’s transfer of NHL, NBA teams to wife

AP

Rams owner Stan Kroenke still has hurdles to clear if he wants to move his team to Los Angeles, but his ownership of Denver NHL and NBA teams are no longer one of them.

Via Nathan Fenno and Sam Farmer of the Los Angeles Times, owners approved a cross-ownership plan, which transfers control of the Denver Nuggets and Colorado Avalanche to his wife, Ann Walton Kroenke. That’s Walton as in Wal-mart, and her personal fortune is estimated at $4.6 billion. Their son Josh will run the hockey and basketball teams.

The league doesn’t allow an owner to own an NFL team in one city and another pro sports franchise in another. This deal was a condition of Kroenke buying the Rams in 2010, and these things take some time because of the complexity of estate law.

But if his deal was approved, it’s at least an acknowledgement that he’s doing what it takes to make peace, since a group of owners appear to be blocking his attempt to move the Rams to L.A.

The Times also reports that Kroenke and Chargers owner Dean Spanos discussed potential Southern California stadium locations during a 2013 dinner meeting, though nothing has come of those talks.

Some degree of sharing a stadium might be necessary, depending on how the league proceeds with divvying up the pie that is Los Angeles.

16 responses to “Owners approve Stan Kroenke’s transfer of NHL, NBA teams to wife

  1. What is gonna happen os kroenke is gonna pay spanos money as compensation for moving to LA and spanos then ises money for downtown san diego stadium.there is no way spanos wants to ride kroenke’s coattails

  2. rohlo is 100% correct.

    Spanos has already said he won’t be a “tenant” in Kroenke’s new stadium.

    And there won’t be 3 teams in LA so you can put to bed the Carson Site.

    The Rams will be the only team in LA for a while and at some point down the road another team will join them. My guess is that team will be the Raiders.

    Kronenke will pay Spanos off in the form of a new stadium is SD to keep him from suing over the rights to the LA/OC markets

  3. Pretty farcical. Do they really believe anybody thinks that meets the real objectives.
    The workings of the NFL is much like the CIA or the NSA. You don’t really want to know how it works as long as the games keep airing. Only difference is that unlike the CIA or the NSA, the owners want you to know who they are.

  4. so, his family is worth at least 5 billion and they will be looking for the taxpayers to pay the majority of a new stadium?

  5. “The league doesn’t allow an owner to own an NFL team in one city and another pro sports franchise in another.”

    So you can simply change the ownership name to your wife? He could have given them to his dog for all the NFL cares.

  6. I still can’t understand why there is such a ‘fight’ over Los Angeles and why any team would pay even a nickel for the ‘privilege’ of moving there when it was a failed city for 2 franchises and no one wanted to go there in 20+ years (in the 2002 expansion, Houston was chosen instead).

    Having said that, it doesn’t matter to me if a team goes to La-la land as long as my Raiders stay clear. Staying in Oakland would be my preference but Sacramento, San Antonio, Portland or virtually anywhere else is preferable to me then seeing the Silver & Black repeat the mistake of moving to L.A.

  7. Jumping through all these hoops and whoever moves to LA will be looking to move out in 20 years.

  8. I will tell you what became of the potential Spanos-Kroenke partnership; Kroenke secretly bought the Inglewood property from under Spanos. Why would Spanos ever consider doing another venture with the weasel… Meanwhile it takes 5 years for Kroenke to transfer ownership to his wife and the NFL accepts this as being compliant with the bylaws? Just wow!

  9. A,axing how many people don’t know why 2 teams left la. Wasn’t because of lack of fandom. The 2 owners wanted a new stadium that was it. Al went back tomoakland and frontierre ran the team into the ground by trades and not resigning key plays so that when attendance went down she would have a stronger argument to go to St. Louis

  10. The league doesn’t allow an owner to own an NFL team in one city and another pro sports franchise in another.

    Doesn’t Paul Allen owns Seattle Seahawks and Portland Trailblazers

  11. The league doesn’t allow an owner to own an NFL team in one city and another pro sports franchise in another if a NFL team is in that City. IE the Denver Broncos. Stan could own the nuggets and avalanche if the Broncos were not in town like Paul Allen does since there is no NFL team in Portland. Stan could also technically own all 3 if he owned the Broncos instead of the Rams

  12. i feel bad for St. Louis fans. As a Bills fan I listened to this for twenty years. Just waiting for some clown who has more money than he can spend in a lifetime, to decide if he wants even more money and rip your heart out, by moving your team.

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