Report: Kroenke could sell Nuggets, Avs to wife
With the St. Louis Rams four days away from going on the clock with the first pick in the NFL draft, a decision that will shape much of the organization’s future over the next decade or so, a bigger question looms over the franchise.
Who will own the club moving forward? Stan Kroenke, the billionaire businessman from Missouri, is making a power play to buy 100 percent of the Rams from Chip Rosenbloom and Lucia Rodriguez. What remains to be seen is whether or not he can make that move with the cross-ownership rules that exist in the NFL. Currently, Kroenke owns 40 percent of the Rams and he is the principal owner of the Denver Nuggets of the NBA and Colorado Avalanche of the NHL.
It’s a complicated issue and one that has been examined since Kroenke stepped forward and announced he would match the offer Illinois businessman Shahid Khan made for the other 60 percent of the club. Basically, Kroenke is attempting to run an end around with league rules to add another sports club to his impressive portfolio.
But in this case, as Jim Thomas of the St. Louis Post-Dispatch reports, Kroenke could keep it all in the family and still meet requirements to successfully purchase the Rams. Kronke has been a wildly successful businessman, especially in real estate, but he married into more money when he tied the knot with Ann Walton, who comes from the Wal-Mart clan. As Thomas report, Kroenke is worth $2.9 billion. His wife Ann is worth $3.2 million. So she could write a check for the Nuggets and Aalanche on Monday and Kroenke would no longer have cross-ownership rules to contend with, right?
“I can't answer that question,” NFL spokesman Greg Aiello told Thomas. “It's not my question to answer. That's something that has to be decided by NFL ownership. And right now, they can't answer that because they don't know what he's proposing."
Kroenke is a sharp guy who doesn’t want to buck NFL rules. He’s almost certainly worked back room channels to lay the groundwork for a purchase of the club. Nothing is done, and the situation needs to be monitored but chances are this will be worked out.
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