Shahid Khan’s effort to buy controlling interest of the St. Louis Rams was thrown for a loss – not sacked – tonight when minority owner Stan Kroenke announced his intention to purchase 100 percent of the club.
But Khan remains committed in his efforts to buy 60 perent of the team from Georgia Frontiere’s family – Chip Rosenbloom and Lucia Rodriguez – in the event Kroenke’s attempt to circumvent cross-ownership rules in the NFL is unsuccessful.
Khan released the following statement:
“On February 10, 2010, Chip Rosenbloom and Lucia Rodriguez granted me a great honor _ the opportunity to purchase the controlling interest in the St. Louis Rams that has been held by their family for 57 years. I entered into that agreement knowing that Mr. Kroenke could attempt to purchase that interest on the same terms. Earlier this evening, Stan advised me that he was going to pursue that opportunity.
“I have had the chance to get to know Stan over the past 60 days. As I told Stan during our conversation earlier this evening, I enjoy his company, admire his success in sports and certainly respect his right to try to purchase the Rosenbloom family’s interest in the Rams.
“While the decision about ownership now rests in the hands of the NFL and its owners, my dedication to the league, the Rams, their fans and the St. Louis community is as strong as ever. Accordingly, I have advised Chip and Lucia that I intend to remain bound by our agreement and to conclude the purchase if the opportunity presents itself. In the meantime, I look forward to learning of Billy Devaney’s pick on the evening of April 22.”
Obviously, Kroenke believes he has a strong chance of being successful or he would not have made this move. He’s trying to buck the system. If he fails, Khan would like to pick up where he left off. Stay tuned.
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