SOLD: St. Louis Rams have a new owner
The 1-15 St. Louis Rams are headed for new ownership.
Owners Chip Rosenbloom and Lucia Rodriguez “have entered into a signed agreement to sell the team to Shahid Khan,” according to Bernie Miklasz of the St. Louis Post-Dispatch.
NFL owners must approve the sale.
Khan is the 55-year-old president of Flex-N-Gate Corp., which is an auto-parts manufacturer located in Urbana, Illinois. The company reportedly has $2 billion in annual revenue.
As of now, the plan calls for Khan to acquire a 60% ownership stake in the St. Louis Rams, with Stan Kroenke owning the remaining 40%.
The deal is expected to be finalized sometime next month.
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