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  1. #1
    r8rh8rmike's Avatar
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    St. Louis Rams Owners Weighing 3 Offers

    St. Louis Rams owners weighing 3 offers

    By Jim Thomas
    ST. LOUIS POST-DISPATCH
    01/20/2010

    St. Louis Rams owners Chip Rosenbloom and Lucia Rodriguez are closing in on a decision to accept one of three offers to purchase the team or walk away from the bidders and keep the franchise, league sources told the Post-Dispatch on Tuesday.

    A decision could be reached before the NFL draft in late April, not because of any kind of firm deadline, but simply to avoid uncertainty surrounding the team and its future entering the 2010 season.

    All three offers, described as "acceptable" by the sources, are comparable to what the Pittsburgh Steelers franchise recently sold for which was in the range of total franchise value of $720 million to $800 million.

    The only known bid for the team is from a group of investors headed by St. Louis Blues hockey chairman Dave Checketts. The identity of the other two bidders remains unknown, although one was a relative late-comer in the process.

    The three bidders are committed in varying degrees to keeping the franchise in St. Louis, and that may have an impact on any sale decision.

    Rosenbloom and Rodriguez own 60 percent of the franchise, which they inherited from their late mother, Georgia Frontiere. Frontiere died on Jan. 18, 2008 two years ago Monday after a long battle with breast cancer. It is that 60 percent of the team that is for sale.

    Stan Kroenke owns the other 40 percent of the team.

    But at least one of the bids is for the full 100 percent of the team, in which case Kroenke's share would be bought out as well. But if Rosenbloom and Rodriguez end up selling only their 60 percent of the team, Kroenke could potentially scuttle the deal by saying he wants to "cash out," or sell his share of the team as well. If that's the case, the 60 percent investor may not have enough money to buy the full franchise.

    Those close to Rosenbloom say he has yet to get any indication from Kroenke on what he will do, although there have been signals from the Kroenke camp that he will simply hold his 40 percent share of the team if Rosenbloom and Rodriguez sell their 60 percent.

    Kroenke also has matching rights on any outside offers for the team. But under current NFL cross-ownership rules, he would not be allowed to exercise that right as long as he owns majority shares of the Denver Nuggets NBA team and the Colorado Avalanche NHL franchise. Kroenke also owns 29.9 percent of the English soccer club Arsenal, a team valued at $1.2 billion.

    Some clarity could be added to the issue this week. The Rams' brain trust is meeting in Los Angeles today and Thursday for the team's annual end-of-season summit meeting. Kroenke is expected to attend at least one day's worth of the meetings. If Kroenke indicates that he's on board with any sale decision by Rosenbloom and Rodriguez, an agreement with a buyer could be signed relatively quickly.

    Coach Steve Spagnuolo, general manager Billy Devaney and executive vice president of football operations Kevin Demoff will be in attendance at the Los Angeles meetings as well, with much of the discussion dealing with on-the-field matters.

    Confidentiality agreements between the Rams and potential bidders have led to very little news about the potential sale of the franchise, which has been in St. Louis since 1995. One of the few exceptions came in October when word leaked out that radio talk show host Rush Limbaugh had joined a group of investors headed by Checketts.

    The outcry from within and outside the NFL was so strong against Limbaugh's inclusion that he was dropped from the group Oct. 14.

    But Checketts' group has gone forward without Limbaugh, finding alternative investment, and remains one of the groups in contention to buy the team, although not necessarily the front-runner. Checketts, through a spokesman, declined to comment Tuesday.

    Technically, the decision to sell is Rosenbloom's because he has the controlling vote with the team. But it's highly unlikely he will sell the team without his sister's consent.

    There is some sentiment in the family toward holding on to the team despite a 1-15 season that was the worst won-lost record in franchise history.

    The Rosenbloom-Frontiere family has owned an NFL franchise first the Colts, and now the Rams for nearly 60 years. Only a handful of NFL teams have been owned by the same group, or family, for a longer period.

    The pressure to sell the team comes from estate taxes resulting from the death of Frontiere. By 2014, Rosenbloom and Rodriguez must start paying on the principal of those estate taxes rather than the interest, and that increased payment would severely cut into the team's profits.

    Despite the favorable lease arrangement at the Edward Jones Dome, the Rams are in the bottom quarter of the league's 32 teams in terms of profitability.

    Even if the team is sold to an owner or ownership group not interested in keeping the team in St. Louis, the earliest the Rams could get out of the dome lease is following the 2014 season.


  2. #2
    LA Rammer's Avatar
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    Re: St. Louis Rams Owners Weighing 3 Offers

    Quote Originally Posted by r8rh8rmike View Post

    The only known bid for the team is from a group of investors headed by St. Louis Blues hockey chairman Dave Checketts. The identity of the other two bidders remains unknown, although one was a relative late-comer in the process.
    Okay the late comer should make St. Louie very nervous!

    The three bidders are committed in varying degrees to keeping the franchise in St. Louis, and that may have an impact on any sale decision.
    Varying degrees: What this means is that the intended buyer can decide (tentatively or secretly) keep the team in St. Louie, but then see the BIG BUCKS in Hollywood and say, "I change my mind, we relocate to new stadium in Los Angeles.

    With no cap in NFL this could start a very interesting Rams team from here on. I'm starting to obsess with the idea of Rams coming back. 1-15 seasons will be a thing of the past!
    LA RAMMER

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  3. #3
    Bralidore(RAMMODE)'s Avatar
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    Re: St. Louis Rams Owners Weighing 3 Offers

    Quote Originally Posted by LA Rammer View Post
    Okay the late comer should make St. Louie very nervous!



    Varying degrees: What this means is that the intended buyer can decide (tentatively or secretly) keep the team in St. Louie, but then see the BIG BUCKS in Hollywood and say, "I change my mind, we relocate to new stadium in Los Angeles.

    With no cap in NFL this could start a very interesting Rams team from here on. I'm starting to obsess with the idea of Rams coming back. 1-15 seasons will be a thing of the past!
    Hey you, shut it! lol The rams will stay in saint louis and that's that!!!

    You LA'ers need to either move to the Lou or get your own team, the Rams are OURS hahaha

    *looks around hysterically*

  4. #4
    RamsFanSam's Avatar
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    Re: St. Louis Rams Owners Weighing 3 Offers

    The Rams now belong to St. Louis. Los Angeles needs to get a new team, or move the Jags there. They can even name the team something that makes sense, like the

    Los Angeles Quakers

  5. #5
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    Re: St. Louis Rams Owners Weighing 3 Offers

    Even if the team does move from St Louis, there is nothing to suggest that LA is the number one destination for this team!

  6. #6
    HUbison's Avatar
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    Re: St. Louis Rams Owners Weighing 3 Offers

    Oh man, here we go again......
    "Before the gates of excellence the high gods have placed sweat; long is the road thereto and rough and steep at first; but when the heights are reached, then there is ease, though grievously hard in the winning." --- Hesiod

  7. #7
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    Re: St. Louis Rams Owners Weighing 3 Offers

    Quote Originally Posted by HUbison View Post
    Oh man, here we go again......
    Where is that picture of the dead horse being whipped when we need it?
    RnD

    GO RAMS!!

  8. #8
    LA Rammer's Avatar
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    Re: St. Louis Rams Owners Weighing 3 Offers

    Quote Originally Posted by ramsanddodgers View Post
    Where is that picture of the dead horse being whipped when we need it?

    okay here it goes St. Louis Rams Owners Weighing 3 Offers-beating_a_dead_horse.jpg
    LA RAMMER

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  9. #9
    Flippin' Ram's Avatar
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    Re: St. Louis Rams Owners Weighing 3 Offers

    I'm pretty sure most people in St. Louis miss their Cardinals (football team) there already.

  10. #10
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    Re: St. Louis Rams Owners Weighing 3 Offers

    I'm pretty sure you're wrong. St.Louis Football fans love the Rams and were generally pissed off at the Cardinals when they left town. What we miss is good Rams football.

  11. #11
    CARam is offline Registered User
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    Re: St. Louis Rams Owners Weighing 3 Offers

    LA bound, or not, the Rams need a power owner with a will to win at any cost. Just so that guy isn't a duplicate of Jerry Jones standing behnd the HC and passing up plays. It's time the Rams had a big bucks owner, particuarly this year if uncapped.

    Of the interested bidder's we know about, Roski has the most to offer in a great stadium (to be soon) environment and NFL owners backing all the way to re-enter the LA market. Roski has the model answer. He may be the late bidder for it all.

    To accept Roski's, let's say high bid, Chip will want an assurance the Rams will stay in STL for a time..let's say until the Roski stadium is completed...maybe 2-3 years. That all fits. What I like about Roski is money to buy talent and coaches.

    The Rams could stay in STL as far as I'm concerned IF the new owner has a deep pocket and a huge ego to buy a winner.

    Either way, but not a guy who already has his hands full in other ventures when he wakes up every morning. For the Rams future Roski is the best possible owner of the three, assuming his hat is in the ring. He has time..maybe a new team to be created.....but that would be bad for the LA fan who wants only winners now.
    Last edited by CARam; -01-20-2010 at 04:13 PM.

  12. #12
    macrammer's Avatar
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    Re: St. Louis Rams Owners Weighing 3 Offers

    At the end of the day, the ownership needs to change hands, period. The present owners have ruined this franchise and they need to leave. Carroll R had a clue. After his death, really, save for a few good years, this franchise has been woeful since 1980. 29 years where losing has been the norm. Rosdenbloom's, move aside quickly and get us an owner that really will make a difference on the field with a product that competes year in and year out. If that is in LA, St Louis, wherever, so be it.

  13. #13
    VegasRam's Avatar
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    Re: St. Louis Rams Owners Weighing 3 Offers

    Quote Originally Posted by macrammer View Post
    At the end of the day, the ownership needs to change hands, period. The present owners have ruined this franchise and they need to leave. Carroll R had a clue. After his death, really, save for a few good years, this franchise has been woeful since 1980. 29 years where losing has been the norm. Rosdenbloom's, move aside quickly and get us an owner that really will make a difference on the field with a product that competes year in and year out. If that is in LA, St Louis, wherever, so be it.
    Not really fair to Chip and Lucy - they got rid of Shawgmunt, who together with their mother ruined the franchise.

    That said, a new owner, (an interested, committed owner), could work wonders.
    "the Heart Lies and the Head Plays Tricks with us, but the Eyes See True".

  14. #14
    Varg6's Avatar
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    Re: St. Louis Rams Owners Weighing 3 Offers

    I hope I run into that dude who can tell me all about this at the gym lol apparently he's a financial advisor for this whole craziness!


    Always and Forever a fan of the St. Louis Rams

  15. #15
    AlphaRam is offline Registered User
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    Re: St. Louis Rams Owners Weighing 3 Offers

    I have committed to not moving the franchise to Tulsa until I have constructed the TornadoDome. It will be equipped with sensors in the seats that will shock the seat holder if they are too quiet when the defense is on the field. I have already signed a preliminary agreement to not allow RamsFanSam to touch, fondle, or harass the red-headed cheerleader should my bid be the winner.
    [SIGPIC][/SIGPIC]

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