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The complete Checketts statement..

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  • The complete Checketts statement..

    taken from a Jim Thomas article


    Here is the complete statement from Checketts:

    “We have not made any secret of the fact that we are investors with significant holdings in St. Louis, including the St. Louis Blues. As such, we have been exploring potential opportunities to purchase the St. Louis Rams.

    “Currently, we are involved in a process regarding the Rams being conducted by Goldman Sachs and are subject to confidentiality agreements with them - and therefore have not made any further comments regarding our bid.

    “In light of statements and news reports regarding our bid recently, we have received permission to clarify our intentions.

    “We represent a group of investors who seek to keep the team in St. Louis and have invited many Missourians to join us in this effort. Not surprisingly, we have had tremendous support from many strong and influential leaders who seek to help us in our efforts.

    “Rush Limbaugh, who was born 100 miles south of St. Louis, was part of our group. This made sense to us, particularly in light of his affection for the NFL in general and his interest in keeping the Rams in St. Louis.

    “Rush was to be a limited partner - as such, he would have had no say in the direction of the club or in any decisions regarding personnel or operations. This was a role he enthusiastically embraced.

    “However, it has become clear that his involvement in our group has become a complication and a distraction to our intentions; endangering our bid to keep the team in St. Louis.

    “As such, we have decided to move forward without him and hope it will eventually lead us to a successful conclusion.

  • #2
    Re: The complete Checketts statement..

    The past is past. It's now time to move forward with a new partner............just as soon as Bryan Burwell, DeMaurice Smith, and Al Sharpton give Checketts the list of names they approve.
    The more things change, the more they stay the same.

    Comment


    • #3
      Re: The complete Checketts statement..

      I agree with ya there....Ya know, Pujols is up for a big contract coming up....wonder if he would throw the Rams some money to stay and then just collect it back from the Cardinals?

      I swear, I haven't been smoking anything......

      Comment


      • #4
        Re: The complete Checketts statement..

        Originally posted by HUbison View Post
        The past is past. It's now time to move forward with a new partner............just as soon as Bryan Burwell, DeMaurice Smith, and Al Sharpton give Checketts the list of names they approve.
        It's time to give the "blame game" a rest. Mr Limbaugh has worked long and hard to create the furor that follows many of his statements. It's what makes him so popular amongst his devotees. He made the bed. He shpouldn't complain that he has to sleep in it too. He decided to devote 30 minutes to his lost bid on his show. In those thirty minutes he managed to blame everyone bht himself for his predicament. He is what he is. That's what made him popular. That's what made him rich. He has chosen his path. He needs to be a man and accept what he has created.

        For one, I'm glad he's out of the process. He is/was a HUGE distractioion, and as an owner (even a minority owner) he would have continued to be a source of angst for many in the Rams community. So HUB, if you feel the need to blame others for Mr. Limbaughs fate, you'll probably need to add Rush and a majority of the Ram's fanbase as well.
        That's my story, and I'm sticking to it!!

        Comment


        • #5
          Re: The complete Checketts statement..

          So HUB, if you feel the need to blame others for Mr. Limbaughs fate
          Not blaming anyone. Just wanting to make sure all the proper approval has been sought before a prospective owner becomes a bidder.


          But as it stands, Limbaugh is old news. He's no longer a potential owner, so there's no longer a need to discuss him on a Rams board. Thread closed.
          The more things change, the more they stay the same.

          Comment

          Related Topics

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          • MauiRam
            St. Louis Blues' Dave Checketts is a contender to buy the Rams
            by MauiRam
            Sports Columnist Bernie Miklasz
            ST. LOUIS POST-DISPATCH
            06/02/2009

            St. Louis sports fans certainly appreciate the way Dave Checketts has skillfully handled the pucks in his role as the chairman of the Blues.

            So how would the fans react to the idea of giving Checketts a Rams football to see how far he can carry it?

            If Checketts has his way, he'll reach the end zone in his quest to become the next majority owner of the St. Louis Rams.

            In a brief but exclusive e-mail exchange with the Post-Dispatch on Monday, Checketts interrupted a short vacation to strongly declare his intention to put together a group of investors to purchase the controlling share of the Rams from majority owners Chip Rosenbloom and Lucia Rodriguez.

            "We have the ability to get this done and we have communicated this to the Rams," Checketts wrote in an e-mail. "We approached this with the Rams months ago and have since that time put together a partnership of both concerned St. Louisans and outside capital.

            "Last week, we communicated to Chip Rosenbloom in no uncertain terms, that he now has a clear St. Louis buyer. We are that buyer.

            "We have reason to believe the NFL would approve our group as we have carefully explored their ownership requirements."

            That's strong language from Checketts, who politely declined to elaborate on his plans or reveal the identity of willing investors.

            But Checketts clearly is trying to stake out his turf here.

            By confidently expressing his belief that he can land the Rams, Checketts is trying to galvanize public, private and political support. It's a smart move. Checketts can attract more investors by making a convincing case that he's a serious player for the Rams. Checketts already is popular with Blues fans. If he can get Rams fans to rally behind him, even more momentum will shift to Checketts' foray into NFL football.

            Rosenbloom and Rodriguez are selling their 60 percent stake in the franchise and have enlisted Goldman Sachs investment firm to help expedite the sale.

            Cynics would suggest that Checketts lacks the personal wealth to pull off the purchase of an NFL team. Forbes magazine estimates the Rams' value at $929 million, so Checketts would probably have to raise between $450 million and $500 million to acquire 60 percent of the franchise.

            Is Checketts getting in over his head? I heard similar doubts expressed when Checketts entered into negotiations to buy the Blues from Bill Laurie in 2005.

            And Checketts has been a success on multiple fronts. Scottrade Center was cold and mostly empty for hockey games as Checketts took over as Blues chairman for the 2005-2006 season. And now the arena is filled again.

            The Blues were the worst team in the National Hockey League at the end...
            -06-02-2009, 10:08 AM
          • MauiRam
            Limbaugh, Checketts join in bid for Rams ..
            by MauiRam
            By Jim Thomas and Jeremy Rutherford
            ST. LOUIS POST-DISPATCH
            10/06/2009

            Radio personality Rush Limbaugh has joined forces with St. Louis Blues owner Dave Checketts in a bid to buy the St. Louis Rams football team, NFL sources confirmed Monday.

            The Checketts group has made its bid on the team and plans to keep the team in St. Louis.

            According to league sources, there are multiple bidders for the Rams as the potential sale of the team has advanced to a second stage — from looking for potential buyers to evaluating the merits of bidders. It is not known who the other bidders are.

            "I certainly think individual bidders have the right to discuss their interest in the club," said Kevin Demoff, the Rams' executive vice president of football operations. "There's really nothing for us to say. It's really not fair to anybody involved in the process.

            "There is no inevitability for the team to wind up being for sale anyway. There may be bidders, but that doesn't mean there will be a sale. Ownership has said all along it would go through this process and evaluate its options. They are under no pressure to sell the team."

            Checketts, the founder and chief executive officer of SCP Worldwide, a New York-based firm that owns and operates the Blues, would be the frontman for a group of investors that would purchase at minimum the 60 percent share of the Rams owned by Chip Rosenbloom and Lucia Rodriguez, the son and daughter of the Rams' late owner, Georgia Frontiere.

            Sources with the Checketts group say there is no timetable for the Rams to respond to bids.

            Limbaugh, a conservative political commentator, first mentioned his interest in the Rams last May. He was unavailable to the Post-Dispatch for comment but in a statement sent to KMOX radio, Limbaugh said: "Dave and I are part of a bid to buy the Rams, and we are continuing the process. But I can say no more because of a confidentiality clause in our agreement with Goldman Sachs. We cannot and will not talk about our partners. But if we prevail we will be the operators of the team."

            Limbaugh, originally from Cape Girardeau, Mo., worked briefly as a commentator for ESPN's NFL pregame show in 2003 but resigned amid controversy over his remarks about media coverage of Philadelphia quarterback Donovan McNabb.

            Forbes magazine recently valued the Rams franchise at more than $900 million, but it's believed the Rams' sale might fetch $800 million or less given the state of the economy and the state of the team, which in recent years has been in the bottom third of NFL franchises in terms of revenue.

            By NFL rule, the Checketts group would have no other choice but to keep the team in St. Louis because of its ties to the Blues. NFL cross-ownership rules prohibit owners from also owning Major League Baseball, National...
            -10-06-2009, 09:58 AM
          • MauiRam
            Nixon extends a hand to help with Rams ..
            by MauiRam
            Sports Columnist Bernie Miklasz
            ST. LOUIS POST-DISPATCH
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            Missouri Governor Jay Nixon was a guest on my WXOS-FM 101.1 radio show this week, and I asked him about the sale of the St. Louis Rams, and his conversations with Rams owner Chip Rosenbloom.

            Nixon not only called Rosenbloom, but he has reached out to Dave Checketts and other figures who might be involved in the Rams' sale or future.

            "I reached out to him a couple of times," Nixon said of Rosenbloom. "And we had a really good and thoughtful discussion about our shared principle of keeping the Rams in St. Louis. I mean I understand the pressure and the challenges he is under. I wanted him to know that personally. Also, I talked with Dave Checketts and called and talked to Roger Goodell, the NFL commissioner, to make him very aware that we worked hard to get NFL football in St. Louis and we want to work hard to make sure we keep it."

            Meanwhile, the St. Louis Business Journal reported Friday that the name of FedEx founder Fred Smith is being circulated as a potential buyer of the Rams. Smith, based in Memphis, currently owns 10 percent of the Washington Redskins.
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          • HUbison
            $tan will break media silence.....if owners approve his proposal.
            by HUbison
            I mean of course he does, right? The guy who has refused to say anything.....well, except for that moment after becoming the majority owner when he said that he would do everything he could to keep the Rams in St. Louis, and he could be trusted because he was an honorable man. But other than THAT, he hasn't had much to say. Well, apparently that all comes to end if 24 owners bow down before him today.


            Look, I know that on some metaphysical level this is just life coming round full circle. Now, the St. Louis fans will feel what the LA fans felt, and what Cleveland felt before them....losing the Rams. Be that as it may, St. Louis is having to deal with something the other fans didn't. We were betrayed by one of our own. Enos Stanley (named after two of the greatest ever St. Louis Cardinals) Kroenke was a hero around here. He was the push that got the Rams here in the first place. When the franchise was in chaos after the passing of Frontiere, he stepped in and brought stability. He stood right there and said that he was going to keep the Rams in St. Louis. And why wouldn't we believe him? He's one of us. He's a St. Louis guy, a Missouri guy.

            But no, ultimately, he was nothing more than just another money-driven douchebag willing to crap on anyone to make his cash stack a little higher.

            We got screwed over by one of our own. That's what makes St. Louis fans so hate-filled over this. He was one of us.....was....
            -01-12-2016, 10:23 AM
          • Nick
            Union opposes Rush Limbaugh's bid to buy St. Louis Rams
            by Nick
            Not meant to start a political discussion - and a discussion on politics will not be allowed - but simply trying to report developments in Rams-related news....
            -10-11-2009, 03:18 PM
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