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Team Report: Inside Slant

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  • Team Report: Inside Slant

    Inside Slant | Notes and Quotes | Strategy and Personnel
    --As the Rams prepared for the start of training camp, more reports surfaced that new owners Chip Rosenbloom and Lucia Rodriguez were trying to sell the team.

    The Sports Business Journal reported that the club had hired Moag & Co., a Baltimore-based investment company, "to find a group of possible buyers."
    Rams president John Shaw responded to the initial report by saying, "I'm not going to comment on what we have or haven't done. Basically the only thing I can reiterate is what Chip (Rosenbloom) has said all along, that we're not actively seeking to sell."

    Rosenbloom later confirmed to the St. Louis Post-Dispatch that Moag & Co. had been hired. However, Rosenbloom said the purpose was for the company to gather the numerous inquiries that have been made regarding a possible sale.

    "We finally said, 'You know what, this is not how we want to spend eight hours a day. We need somebody to handle them,'" Rosenbloom said. "It would be totally inaccurate to say (Moag) is searching for buyers.

    "We did not authorize (Moag) to go out and say, 'Hey, the team's up for sale.' It's simply returning these people's phone calls."

    However, Rosenbloom also added, "It's the same as it's been. If the right person at the time right time with the right price came, I suppose that you might sell your house, right? So, I don't say never. ... If we get a phone call today from somebody who says the right things, we would listen. And that's why Moag is there."

    Of course, most people don't sell their house unless it's put on the market. Rosenbloom acknowledged that the potential estate tax due for inheriting the team will be an issue. Rosenbloom and Rodriguez each became 30-percent owners when their mother, Georgia Frontiere, died in January.

    "We don't know what we're going to be able to do, what we might owe in taxes," Rosenbloom said. "We don't know what the overall financial thing will be at the end of dealing with my mom's estate taxes. I do know there are a number of years we can hold onto the team without being concerned about it."

    Fielding offers also can help establish a franchise value, which could be used in figuring the amount of tax owed.

    While Rosenbloom has also insisted that he wants to keep the Rams in St. Louis, it is notable that John Moag, who runs Moag & Co., helped the Browns move to Baltimore in 1996, and he is also involved with renovation plans for the Rose Bowl in Pasadena, Calif., that could be used to attract an NFL team to Los Angeles.

  • #2
    Re: Team Report: Inside Slant

    Grrr! :frown: All this talk about Rams on the market, potential buyer / price, taxes. Right now it's the last thing I want to hear about.

    It's mid July! I want to read about RAMS F O O T B A L L 2008, not new ownership.


    **Sigh** But, alas, that's the world of pro sports and its undeniable side of business in real estate.

    Comment


    • #3
      Re: Team Report: Inside Slant

      Originally posted by RealRam View Post
      It's mid July! I want to read about RAMS F O O T B A L L 2008, not new ownership.
      I agree. I certainly don't blame RamWraith for posting this because I'm sure it has interest to some, but when I see "Inside Slant" I'm expecting team news, not speculative ownership nonsense.

      Comment


      • #4
        Re: Team Report: Inside Slant

        Originally posted by R8rh8rmike View Post
        I agree. I certainly don't blame RamWraith for posting this because I'm sure it has interest to some, but when I see "Inside Slant" I'm expecting team news, not speculative ownership nonsense.

        Thanks Mike for clarifying the intention of the thread as my post was not to criticise Wraith.

        It's just that I'm getting more and more hungry for Rams Football; not too interested or antsie about the owners schemes to sell the home -- "just stay put, for crying outloud!!!"


        RAMS ready to R-R-R-R-RUMBLE?!?

        :ram:
        Last edited by RealRam; -07-21-2008, 03:27 PM. Reason: Tyop

        Comment


        • #5
          To reiterate what Real and Mike have already articulated, when did "inside" become synonymous with "out-dated, wild-eyed speculation"?


          As a sidenote, I bet Rosenbloom and Rodriguez are voting McCain in the fall. Why you ask? McCain's tax plan is a 15% Estate tax, while Obama's calls for 45%. With the timing issues involved I don't know if retroactivity is involved, but the difference in real dollars for Chip/Lucia could be roughly a quarter of a billion in taxes! An Obama presidency may hasten the Rams transfer of ownership.

          DISCLAIMER: THIS IS NOT AN INVITATION FOR POLITICAL DISCUSSION; MERELY A SITUATIONAL STUDY FROM THE PERSPECTIVE OF THE RAMS OWNER. ALL POLITICAL POSTS WILL BE DELETED.
          The more things change, the more they stay the same.

          Comment


          • #6
            Re: Team Report: Inside Slant

            Originally posted by HUbison View Post
            To reiterate what Real and Mike have already articulated, when did "inside" become synonymous with "out-dated, wild-eyed speculation"?


            As a sidenote, I bet Rosenbloom and Rodriguez are voting McCain in the fall. Why you ask? McCain's tax plan is a 15% Estate tax, while Obama's calls for 45%. With the timing issues involved I don't know if retroactivity is involved, but the difference in real dollars for Chip/Lucia could be roughly a quarter of a billion in taxes! An Obama presidency may hasten the Rams transfer of ownership.

            DISCLAIMER: THIS IS NOT AN INVITATION FOR POLITICAL DISCUSSION; MERELY A SITUATIONAL STUDY FROM THE PERSPECTIVE OF THE RAMS OWNER. ALL POLITICAL POSTS WILL BE DELETED.
            There was one quote of note by Chip referring to the estate tax: "We don't know what the overall financial thing will be at the end of dealing with my mom's estate taxes. I do know there are a number of years we can hold onto the team without being concerned about it."
            Anyone know how that works? Whether it's 15% or 45% Chip seems sure he can defer paying the taxes for "a number of years."

            Comment


            • #7
              Re: Team Report: Inside Slant

              So it's now..... or we may be safe until 2012 for the Rams to have new owners and or move the team out of St. Lou.

              Why is there constant turmoil with this franchise ? If it isn't moving, it's bonehead decisions, or player discontent. Don't get me wrong, it doesn't change the loyalty of over 25 years, but gosh golly me !!!!

              Maine - ready for camp !!!!

              Comment

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