Report: Kroenke wants to buy Rams in two chunks
It was looking like Stan Kroenke might take complete control of the St. Louis Rams by the end of this month.
Now, there might be a hitch in the plan. The Business Journal is reporting that the Missouri businessman wants to purchase the majority of the Rams organization in two chunks from Georgia Frontiere’s family. Citing two sources, Daniel Kaplan reports that Kroenke, who presently owns 40 percent of the franchise, wants to buy one piece now and then another one in several years while paying interest.
The plan didn’t go well with all members of the NFL’s nine-person finance committee. Kroenke is already jumping through hoops to solve cross-ownership issues that are raised because he owns the NBA’s Denver Nuggets as well as the NHL’s Colorado Avalanche. Presumably, Kroenke is planning to sell those clubs to a family member.
The Rams were going to be sold to Illinois businessman Sahid Khan before Kroenke exercised his right to purchase the team. Whether or not he can pull this off in two phases remains to be seen.
The NFL has called a special meeting on Aug. 25 in Atlanta. Kroenke’s plan will likely be voted on at this gathering.
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