Is there such a thing as owning too many sports franchises?
The question, no doubt, has been on the minds of sports fans around the world.
Can Stan Kroenke manage a burgeoning sports empire with the attention and resources necessary to ensure all have an opportunity to compete at the highest level.
Quite simply, it’s one of the reasons Kroenke had to delicately work around cross-ownership rules to become the majority owner of the St. Louis Rams. He essentially transferred ownership of the NBA’s Denver Nuggets and NHL’s Colorado Avalanche to family members. Now, Kroenke has bucked up with another $230 million to take over majority ownership of the English Premier League soccer power Arsenal.
And Bernie Miklasz of the St. Louis Post-Dispatch wonders if the man who also owns the Colorado Rapids of the MLS, a lacrosse team and more can multitask with the money needed to keep all operations humming along?
And Rams fans have the same questions. Can he go out and get the pieces needed to make quarterback Sam Bradford an elite player? The team’s needs start with a No. 1 wide receiver. Heck, the Rams need a No. 2 too.
“Kroenke's increased stake in Arsenal raised another question: Does he own too many teams? Can he devote enough individual time to the Rams?” Miklasz wonders.
It’s a fair question. There are issues for the franchise too. The Rams will likely be able to opt out of their lease at the Edward Jones Dome following the 2014 season. Then what? Stan’s the man with the answers. He’s just zeroed in on his soccer club today.
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Brad Biggs covers the Bears for the Chicago Tribune