Kroenke must make intentions with Rams known today
Stan Kroenke can no longer hold his cards close to the vest.
The minority owner of the St. Louis Rams must declare today his intention to either maintain his 40 percent share of the club, sell his 40 percent share of the club or utilize his matching rights to purchase 100 percent of the club.
A 60-day window for Kroenke started when Shahid Khan, a businessman from Urbana, Ill., completed an agreement to purchase 60 percent of the organization from the family of Georgia Frontiere. That happened on Feb. 12.
Cross-ownership rules for NFL owners would make it very difficult to impossible for Kroenke to purchase 100 percent of the club as he is the owner of the Denver Nuggets of the NBA and Colorado Avalanche of the NHL.
That leaves Kroenke to continue on as a minority owner under Khan, provided Khan’s bid is approved by the NFL, or cash out and sell his portion to Khan. Again, that would be provided Khan’s bid is accepted by the league and that he has the funds to not only purchase 60 percent of the team but 100 percent.
Kroenke has not tipped his hand. Once his decision is known, the sale can proceed forward. Provided there are no hang-ups, Khan could own the team some time next month.
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