Kroenke not ready to show his hand on Rams' sale
One of the men who holds the key to Shahid Khan’s bid to purchase the St. Louis Rams isn’t ready yet to tip his hand on what he wants to do in the process.
That man is minority owner Stan Kroenke, who controls 40 percent of the organization and has some options to consider as the NFL investigates Khan’s bid to join the club.
Kroenke has three choices and maybe only two when you consider NFL ownership rules that prevent majority owners from also owning franchises in other North American leagues. He also owns the Denver Nuggets and Colorado Avalanche. Kroenke can choose to match Khan’s offer to buy 60 percent of the club – unlikely given the rules – maintain his 40 percent or sell his 40 percent to Khan.
“We're all talking about our different approaches here, trying to come up with the best approach for everyone involved, I think," Kroenke told Jim Thomas of the St. Louis Post-Dispatch at the NFL owners meeting.
"I think that it's prudent to think through your options," Kroenke said. "These are big decisions. We're going to try to do the right thing."
Khan reached an agreement to purchase majority share of the organization on Feb. 12, at which point a 60-day clock was started for Kroenke to make a decision on what he wants to do. He told Thomas he intends to take most of that time with the deadline looming three weeks away.
Kroenke has worked to get to know Khan in recent weeks, presumably to see if the men could work in concert owning the club.
"In many ways, he's the classic American success story," Kroenke said. "How do you not respect that, and what he's done?
"He looks like a very capable guy, and he's certainly a likable guy."
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