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  • excellent article on kroenke

    There is an excellent article on stan kroenke on the front page of todays new york times. maybe someone can post the link. Little mention of the rams and no mention of his possible intentions regarding buying out the rosenblooms. Apparantly, he owns 29% of the soccer club Arsenal and may be making a bid to buy the entire team.

    ramming speed to all

    general counsel

  • #2
    Re: excellent article on kroenke

    Kroenke is the largest shareholder at Arsenal and only needs to buy 17 more shares to reach 30% which force him to make an offer for the entire stockholding. He's beem slowly buying more shares over the last year, which may indicate his intention to takeover Arsenal, if he did I'm guessing that would put him out of the running to buy the Rams. But then again, I'm not exactly sure of the financial status of Kroenke, perhaps he could afford both within a year or two of each other.

    Edit: Just found an article posted a week ago that states that Arsenal do expect a takeover bid from Kroenke.

    Comment


    • #3
      Re: excellent article on kroenke

      Kroenke is an extraordinarily wealthy individual (married to a walmart heiress in additition to his own billion dollar fortune). The issue i think would be available leverage in today's hostile capital markets, which are settling down to some degree on the m and a side. I think that money will not be the issue in terms of whether he buys the rams (that is to say availability of money, the issue will be price and the conflict rules with ownership of other teams). I would LOVE to see kroenke buy the rams (ie full ownership).

      ramming speed to all

      general counsel

      Comment


      • #4
        Re: excellent article on kroenke

        Buying the Gunners hunh? Wow. I'm definately an Arsenal fan.

        I think most potential buyers are going to wait and see what transpires with the league. There are lots of things up in the air right now. There's even potential for a strike or lockout. That's not really the way a new owner wants to come into the league; plunk down a ton of cash and then sit for an unspecified period of time before you can start seeing any dividends.
        That's my story, and I'm sticking to it!!

        Comment


        • #5
          Re: excellent article on kroenke

          I'm not trying to be funny but apparently, a guy named Rich who is close with Chip is trying to buy the team; wants to keep the Rams in STL. I don't really know the details because I didn't want to get into things that are none of my business and quite frankly I don't really feel right posting this but I love you guys so I thought I'd throw that in there.
          Always and Forever a fan of the St. Louis Rams

          Comment


          • #6
            Re: excellent article on kroenke

            But TRUTH, that risk and uncertainty is factored into the price of a team, which is theoretically lower now, given the financing conditions and uncertainty in the league. Many could conclude (if they can finance with appropriate leverage) that now is a great time to buy for long term investment purposes.

            ramming speed to all

            general counsel

            Comment


            • #7
              Re: excellent article on kroenke

              I think we should start putting together a ClanRam savings account and buy the Rams... what say you?

              Comment


              • #8
                Re: excellent article on kroenke

                Originally posted by general counsel View Post
                But TRUTH, that risk and uncertainty is factored into the price of a team, which is theoretically lower now, given the financing conditions and uncertainty in the league. Many could conclude (if they can finance with appropriate leverage) that now is a great time to buy for long term investment purposes.

                ramming speed to all

                general counsel

                I don't know about that. I believe that the teams record is factored in. After all, it is a business. But a potential looming strike might affect offer price, but I don't think it really has the same effect on the overall value of the team. The NFL has been a very good investment for those capable of putting deals together. Even for those that purchase losing teams. And, if offer prices do decrease because of potential labor strife, I expect the current owners to hang on a bit longer.

                No matter what, it will certainly help to get this franchise into the hands of an owner (or owners), who want to dedicate the time and effort (and money) it will take to bring our Rams back to prominence. That's not a jab at the current owners. They have their lives and interests. I just don't think that either of them have a burning desire to run this team.
                That's my story, and I'm sticking to it!!

                Comment


                • #9
                  Re: excellent article on kroenke

                  Would this be it GC?

                  David Zalubowski/Associated Press
                  Stan Kroenke owns or has a share in five professional teams, making him one of the most powerful figures in sports
                  .

                  Stan Kroenke has built a portfolio that makes him one of the most powerful people in sports. He owns the Denver Nuggets of the National Basketball Association, the Colorado Avalanche of the National Hockey League and the Colorado Rapids of Major League Soccer, as well as a 40 percent stake in the St. Louis Rams of the National Football League.

                  He is circumspect and seldom speaks with reporters, who have nicknamed him Silent Stanley. He is regularly called the anti-Donald Trump, the anti-Jerry Jones, the anti-Mark Cuban.

                  His next move, however, will firmly establish him — if not his hometown — as a major attraction on the sports world’s map.

                  Mr. Kroenke is on the verge of taking control of the English soccer club Arsenal, one of the game’s most treasured franchises. He owns 29.9 percent of Arsenal and is 17 shares short of reaching 30 percent, a threshold at which he would have to make a bid for the entire team, according to English Premier League rules. The club was valued at $1.2 billion by Forbes in 2008, the third-highest internationally behind Manchester United and Real Madrid.

                  Before Mr. Kroenke (pronounced KRONK-ee) began buying American sports teams, before he pursued Arsenal, before he started his real estate career and married into the Wal-Mart fortune, he was the son of the owner of the Mora Lumber Company. His father and grandfather loved the St. Louis Cardinals, whose baseball games arrived in staticky regularity over the radio.

                  Enos Stanley Kroenke, 62, was named after two Cardinals Hall of Famers: Enos Slaughter, an epic hustler, the man nicknamed Country who famously scored from first base on a single in the seventh game of the 1946 World Series; and Stan Musial, Stan the Man, known no less for his quiet decency than for his sublime hitting skills.

                  Those who know Mr. Kroenke say the boy developed traits suggested by his name: He swept floors at his father’s business on Mora Road and by age 10 or so, sat at a table keeping the books.

                  His personality, influenced by a Lutheran-German upbringing, is most often described for what it is not — flamboyant.

                  David Stern, the N.B.A. commissioner, described Mr. Kroenke as inquisitive and analytical, “as knowledgeable a person as there is” about basketball, an owner “willing to do old things in a new way,” but ultimately a man without anecdotes.

                  Neither Mr. Kroenke nor his associates were made available for this article.

                  Baseball gave Mr. Kroenke his name, but basketball provided his passion. In those pompadoured days of the mid-1960s, as a lanky 6-foot-2 forward, he developed an elegant shot from the wing at nearby Cole Camp High School.

                  “You never know who you’re going to school with until later in life,” said William Smart, a high school teammate of Mr. Kroenke who later became the principal at Cole Camp High and is now its athletic director. “Stan was quiet, a good player and student. His dad was a good businessman and he got good training.”

                  Mr. Kroenke’s interest in soccer was apparently piqued by another billionaire entrepreneur, Phil Anschutz, from whom he bought the Rapids in 2003, according to Don Garber, the soccer league’s commissioner. His business model with the Rapids, the Nuggets and the Avalanche has been to own not just teams, but also the building in which they play, the regional sports network (Altitude) that broadcasts their games and the ticket distribution system (TicketHorse).

                  “There was once a great line by one of George Steinbrenner’s partners that there’s nothing so limited as being a limited partner,” said Don Elliman, the chief operating officer for the state of Colorado and a former president of Kroenke Sports Enterprises. “A lot of people get into sports and wake up later and realize, ‘I’m along for the ride; I’m beholden to the other guy.’ That’s not Stan’s nature.”

                  In Arsenal and the Nuggets, Mr. Kroenke has positions in the world’s two most popular sports, though it remains unclear whether he is a fan of soccer or intrigued primarily by the global business opportunity. Three other Premier League teams are owned by Americans, including Manchester United, which is owned by the Glazer family.

                  “American sports have a very poor track record of being exportable,” said Larry DeGaris, an associate professor of sports marketing at the University of Indianapolis and former head of research for a sports marketing firm in Denver. “Where are the growth opportunities? In the world’s biggest game.”

                  Arsenal has not marketed itself internationally with the same eagerness as the other three big English soccer clubs — Manchester United, Chelsea and Liverpool. Its manager, Arsčne Wenger, has shown little interest in taking Arsenal on big-money international tours in the off-season. The club would be expected to become more aggressive under Mr. Kroenke’s stewardship.

                  Though some Arsenal fans worry a new owner will saddle the club with debt and curb the signing of players, that has not been Mr. Kroenke’s style, sports finance experts say. The Avalanche won the Stanley Cup in 2001 under his guidance and the Rams won the Super Bowl after the 1999 season. (There has been speculation that he might sell his interest in the Rams to facilitate the Arsenal deal.)

                  For the National Football Conference championship game preceding that Super Bowl a decade ago, Kroenke sent tickets to Milton and Eldon Harms, the brothers who bought Mora Lumber from his family and helped look after his mother once his father died. He contributes autographed items from his teams for a yearly fund-raiser for Cole Camp High and paid for a whirlpool bath in the locker room.

                  “He never forgot where he came from,” Milton Harms said.

                  In 1965, Mr. Kroenke left for the University of Missouri in Columbia, earned an M.B.A., bought into a clothing store there and attended law school until he contracted infectious hepatitis. He once told The Columbia Daily Tribune that when he realized he could not be a professional basketball player, he wanted to own a team.

                  “I always thought I’d enjoy it because the professional sports business is part business and part sports, and I love both of them,” he told the paper.

                  On a trip to Aspen, Colo., he met Ann Walton, a Wal-Mart heiress; they were married in 1974. He would make his initial fortune developing shopping centers, many anchored by Wal-Marts. Mr. Kroenke and his wife were both listed among the top 117 richest Americans by Forbes in 2009 — she with an estimated worth of $2.9 billion, he with $2.7 billion.

                  It has become a sensitive issue with Mr. Kroenke, wanting others to know that his wealth — which has spread to ranching and wineries — was mostly self-made and not simply matrimonial, said Maclyn Clouse, a finance professor at the University of Denver.

                  “His people want to make sure the public recognizes he was well-to-do before marriage,” Mr. Clouse said.

                  Mr. Kroenke remains so self-controlled, Mr. Stern said, that he has never once called the N.B.A. offices to complain about officiating. Such a guarded man could not have been at ease when someone complained so publicly and theatrically about him.

                  A conflict with a Nuggets’ playoff game against the Los Angeles Lakers at the Pepsi Center in May 2009 forced a rescheduling of a World Wrestling Entertainment event that had been booked for the arena. Vince McMahon, the outlandish wrestling impresario, criticized Mr. Kroenke for not having faith that his team would make the playoffs and said he “should be arrested for impersonating a good businessman.”

                  The wrestling event moved to the Lakers’ arena in Los Angeles, where Mr. McMahon pushed a Kroenke impersonator through the ropes to the floor amid a chorus of cheers.

                  “For a guy that takes himself seriously, I’m sure he wasn’t happy about it,” Mr. DeGaris, the marketing professor, said.

                  Comment

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                  • MauiRam
                    Kroenke waiting for move on Rams
                    by MauiRam
                    Bernie Miklasz bjmiklasz @post-dispatch.com 314-340-8192
                    ST. LOUIS POST-DISPATCH
                    06/14/2009

                    One of the more compelling aspects of the Rams' sale is the role of Stan Kroenke in the proceedings. Rams owners Chip Rosenbloom and Lucia Rodriguez, team insiders and other NFL executives and owners are wondering: what is Kroenke going to do? Is he going to make a play for control of the team? And if so, when?

                    Don't expect Kroenke to lay his plan out for us. He's staying underground on the Rams' front and not returning media calls. He's not about to give away any clues on his Rams' strategy.

                    Kroenke, worth an estimated $3 billion, is a busy sports mogul. He owns 40 percent of the Rams. He owns the NBA Denver Nuggets, the NHL Colorado Avalanche and the Pepsi Center in Denver. He owns the Major League Soccer franchise in Colorado and the stadium that houses the team. He is the majority shareholder (28.3 percent) of the prestigious Arsenal soccer club in the English Premier League. Kroenke owns a pro lacrosse team, an arena football team, and a Colorado-based cable-sports network.

                    And Kroenke's real-estate development company continues to prosper, making him one of the nation's wealthiest individuals according to Forbes magazine.
                    So does Kroenke want to buy the available 60 percent ownership block and challenge NFL rules that prohibit cross ownership? Or is he content to hang onto his 40 percent, oversee his other sports properties, concentrate on accumulating more Arsenal stock and avoid a skirmish with the NFL?

                    After speaking to a couple of Kroenke associates — sorry, no names — I think I have a general handle on his approach. But I can't be sure. Remember, this is the same Kroenke who made no noise about being interested in the Nuggets and the Avalanche, only to swoop in and buy them at the end of the process. Kroenke waited until the collapse of Bill Laurie's tentative deal for the teams, then made his move. And Laurie is Kroenke's brother-in-law, but Laurie knew nothing of Kroenke's intentions.

                    I believe Kroenke will sit and wait for others to make the first move.

                    It makes sense, because Kroenke has the right of first refusal on the Rams' sale. He can match any offer for the available 60 percent. By hanging back, Kroenke won't set the market and take the risk of bidding against himself to meet Rosenbloom's price. Instead, it's smarter for Kroenke to wait for another interested party to set the market, then react accordingly.

                    If another bidder makes an offer on the lower side, and the price is acceptable to Rosenbloom, then Kroenke can match the offer and get a relative bargain. He can save millions of dollars on the purchase. If Kroenke gets a great deal, then he may be more inclined to fight the league over that 60 percent.

                    And what if another bidder rushes in and pays whatever Rosenbloom-Rodriguez...
                    -06-14-2009, 12:26 PM
                  • jaydees
                    E. Stanley Kroenke
                    by jaydees
                    Could someone estimate Kroenke's dollar investment in the Rams. Does he hold an official title and if he is active in any operations of the team. My understanding he is married to a niece of Sam Walton (?):helmet:
                    -01-21-2006, 05:57 PM
                  • r8rh8rmike
                    Bernie: A Look At Kroenke's Strategy
                    by r8rh8rmike
                    05.10.2010 11:00 am
                    Bernie Bytes: A Look at Kroenke’s Strategy
                    By Bernie Miklasz


                    The latest twist in Stan Kroenke’s pursuit of the Rams comes from Daniel Kaplan of The SportsBusiness Journal. Kaplan reports that Kroenke is attempting to get around the NFL’s cross-ownership rules by turning the team over to his wife, Ann Walton Kroenke. According to Kaplan, Kroenke pitched that proposal last week during a meeting with the NFL Finance Committee, which is overseeing the sales process. The SBJ reported that Kroenke’s proposal included other options, but no specifics were cited.

                    Kroenke owns 40 percent of the Rams and opted to match Shahid Khan’s bid to purchase the controlling 60 percent interest from Chip Rosenbloom and Lucia Rodriguez. But because Kroenke owns the NBA Denver Nuggets and NHL Colorado Avalanche, teams that compete for Denver sports dollars with the NFL Broncos, he is prohibited from owning an NFL franchise in another market.

                    Jim Thomas of the St. Louis Post-Dispatch reported that Kroenke would likely try to circumvent the rules by selling or transferring the Nuggets and Avs to his wife. And that option is still on the table for consideration, NFL sources say. But Kroenke seems to be exploring every possible angle in an attempt to satisfy the NFL. Kroenke’s apparent willingness to transfer or sell the Rams to his wife is just the latest scenario to be floated.

                    Let’s take a look. Here are some of my initial thoughts:

                    * Ann Kroenke certainly has the money to buy the Rams; she’s listed on the Forbes annual survey of the wealthiest Americans with an estimated worth of $3.2 billion. (Kroenke’s estimated worth is $2.7 billion.) But it isn’t so simple.

                    * The Rams’ ownership agreement stipulates that Stan Kroenke has the right of first refusal on the Rams’ sale. Not Ann Kroenke. Stan Kroenke had the right to match Khan’s bid. Not his wife. So on the surface, how could the NFL allow this?

                    * Or is the NFL willing to compromise by agreeing to let Kroenke match and take over as the 100 percent owner of the Rams as long as he agrees to quickly sell the team to his wife?

                    * Why didn’t Ann Kroenke simply bid for the Rams at the time the Rosenblooms had their 60 percent share on the market? This would have been easier than (A) having Stan Kroenke match Khan and (B) Kroenke having to work around the cross-ownership guidelines. (Likely answer: the Kroenkes didn’t want to get in a bidding battle with Khan that would drive the price up; they probably preferred to wait, let Khan make a reasonable bid, then match. I’m only guessing here.)

                    * Do any of these possible scenarios really satisfy the spirit of the NFL rule on cross ownership? Let’s say Kroenke sells the NHL and NBA teams to his wife, or transfers them to his son, Josh. Fine. But the Nuggets-Avalanche and Pepsi Center revenues would still...
                    -05-11-2010, 01:01 PM
                  • HUbison
                    Expect approval for Rams' Kroenke
                    by HUbison
                    From ESPN.com...
                    -04-13-2010, 08:47 AM
                  • MauiRam
                    Will Kroenke make a sweetheart deal?
                    by MauiRam
                    By Jim Thomas
                    ST. LOUIS POST-DISPATCH
                    04/18/2010

                    Stan Kroenke's attempt to finesse the NFL cross-ownership rules may not involve a transfer of hockey and basketball teams in Denver to his family. But rather a sale — to his wife, Ann.

                    According to a couple of league sources that tactic could be Kroenke's best hope of getting the NFL to approve his attempt to purchase the 60 percent of the Rams currently up for sale by siblings Chip Rosenbloom and Lucia Rodriguez.

                    As wealthy as Kroenke is, he comes in second place at home. At $2.9 billion, he was ranked No. 342 on Forbes' most recent annual list of world billionaires. His wife, Ann, heiress to much of the Wal-Mart fortune, was ranked No. 297 at $3.2 billion.

                    So what happens if Ann Walton Kroenke "simply" writes a check for the Denver Nuggets NBA team and the Colorado Avalanche NHL team? How does the NFL react to that?

                    "Independent wealth means a lot," one league source said.

                    And that's what Ann Walton Kroenke has.

                    So at face value, that option might be more palatable to league owners than having Kroenke simply transfer ownership of the Nuggets or Avalanche to some combination of his wife, his son, Josh, or daughter, Whitney.

                    When asked if that would be an acceptable path, NFL senior vice president Greg Aiello replied: "I can't answer that question. It's not my question to answer. That's something that has to be decided by NFL ownership. And right now, they can't answer that because they don't know what he's proposing."

                    Even those close to Kroenke believe Kroenke has yet to decide on a precise path to finesse the cross-ownership rules.

                    But one avenue seems definitely closed: selling the Denver teams to an outsider. Whether it's sports properties or other business properties, Kroenke's history has been as a buyer and a keeper — not a seller of assets. And because he also owns the building the Nuggets and Avalanche play in — the Pepsi Center — it has proved to be a profitable setup.

                    If Kroenke sold the Nuggets and Avalanche to his wife, it appears he could maintain ownership of the Pepsi Center. There's nothing in the NFL's cross-ownership rules that would prevent him from keeping the venue. So that would make the purchase cheaper for his wife.

                    In 2000, just a few months after the St. Louis Rams defeated Tennessee in Super Bowl XXXIV, Kroenke purchased 93.5 percent of the Avalanche, Nuggets and Pepsi Center. The overall value of those assets at the time was $450 million.

                    It is a violation of the NFL's cross-ownership rules for Kroenke to own the Nuggets and Avalanche once he has controlling interest in the Rams. Kroenke already owns 40 percent of the Rams; he will own the full 100 percent of the team if he's successful in his bid to buy Rosenbloom's and Rodriguez's 60...
                    -04-18-2010, 01:20 PM
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