Report: Owners meeting went well for Stan Kroenke
Much is still to be determined, but it’s pretty apparent that Stan Kroenke’s bid to buy the St. Louis Rams gained some traction during the short NFL owners meeting in Irving, Texas.
Kroenke met with the league’s finance committee, which ultimately must make a recommendation to the owners, and unveiled his plan to become in compliance with the NFL’s cross-ownership rules which will precent him from owning 100 percent of the Rams along with the NBA’s Denver Nuggets and the NHL’s Colorado Avalanche.
“We introduced our information and we're working through it," Kroenke told Jim Thomas of the St. Louis Post-Dispatch."And that's what it is. That's what I've always thought it was. ...They have the information. We're working through the process. We're respectful of the process.
“I'll let (the league announce the specifics)."
Commissioner Roger Goodell said “that’s still a little bit of a moving target” when asked about how Kroenke would become in compliance with the league’s guidelines. It’s been widely speculated that Kroenke will sell the NBA and NHL franchises to his wife, Ann, a member of the Wal-Mart clan, and worth more than $3 billion.
“Stan has made it very clear that he wants to be compliant with NFL rules, and that he is willing to work towards finding a way to do that,” Goodell said per the report. “And that's what our (finance) committee's willing to do."
Kroenke received strong support from New Orleans Saints owner Tom Benson, who heads the finance committee. Nothing is expected to happen immediately. Goodell does not believe the matter will be brought up again until the next owners meeting in August. By that time, Kroenke will be able to answer more questions, provided there are any, and work on becoming in compliance.
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