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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
    Re: St. Louis Rams Owners Weighing 3 Offers

    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

    It's Jim not Chris
    http://www.youtube.com/watch?v=9HNgqQVHI_8

    Comment


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

      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*

      Comment


      • #4
        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
        temp_4394_1467243487543_20
        RAMS!

        Comment


        • #5
          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!
          @EssexRam_

          Comment


          • #6
            Re: St. Louis Rams Owners Weighing 3 Offers

            Oh man, here we go again......
            The more things change, the more they stay the same.

            Comment


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

              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!!

              Comment


              • #8
                Re: St. Louis Rams Owners Weighing 3 Offers

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

                okay here it goes Click image for larger version

Name:	beating_a_dead_horse.jpg
Views:	5
Size:	29.7 KB
ID:	778384
                LA RAMMER

                It's Jim not Chris
                http://www.youtube.com/watch?v=9HNgqQVHI_8

                Comment


                • #9
                  Re: St. Louis Rams Owners Weighing 3 Offers

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


                  ♪ R.I.P. Nujabes ♫

                  Comment


                  • #10
                    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.
                    "I've been saving the Universe for over a thousand years. I figure it owes me just this once."

                    Comment


                    • #11
                      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, 01:13 PM.

                      Comment


                      • #12
                        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.

                        Comment


                        • #13
                          Re: St. Louis Rams Owners Weighing 3 Offers

                          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.

                          Comment


                          • #14
                            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

                            Comment


                            • #15
                              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.

                              Comment

                              Related Topics

                              Collapse

                              • HUbison
                                Checketts solidifies Rams bid
                                by HUbison
                                Checketts solidifies Rams bid

                                By Bernie Miklasz
                                ST. LOUIS POST-DISPATCH
                                01/31/2010

                                As Jim Thomas of the Post-Dispatch reported recently, the sale of the Rams has been narrowed down to a list of three potential buyers.

                                And that hasn't changed, according to multiple sources close to Rams managing ownership partner Chip Rosenbloom.

                                Rosenbloom would like to make a decision within a month or two. Rosenbloom and his sister, Lucia Rodriguez, prefer to sell their combined 60 percent share but could opt to hang on to the franchise rather than settle for an unsatisfactory offer.

                                One of the three potential buyers is a group of investors organized by St. Louis Blues Chairman Dave Checketts.

                                Multiple sources tell me that another group has strong ties to Toronto, which should concern those who want to see the Rams remain in St. Louis.

                                As for the third potential buyer ... candidly, I've been unable to nail down that part. But I know it isn't anyone from St. Louis. And I wouldn't be surprised to learn that the bidder is based in Chicago.

                                I hope that Checketts prevails in this auction, or the Rams could be in play for a move after the 2014 season.

                                Checketts is our best hope to secure a long-term future for the Rams in St. Louis.

                                Or to put it another way: Checketts IS the St. Louis offer.

                                I trust Checketts to work with area politicians and business and community leaders to solve the looming stadium problem.

                                Checketts has made good progress in his Rams efforts. According to multiple sources with direct knowledge of the situation, Checketts has partnered with a formidable money man in Texas billionaire Gerald J. Ford, who was ranked No. 289 on the Forbes list of the 400 wealthiest Americans last fall. Forbes estimated Ford's worth at $1.35 billion.

                                Ford, 65, made his fortune by buying and selling banks. He's friends with Dallas Cowboys owner Jerry Jones. A graduate of Southern Methodist University, Ford donated $20 million to SMU in 1997 to help the school build a new football stadium on campus. Indeed, Gerald J. Ford Stadium opened in 2000.

                                This is a significant development. For the Checketts bid to comply with NFL ownership rules, one member of his group must control a 30 percent share of the franchise. And multiple sources tell me that Ford is locked in as the 30 percent owner. Ford doesn't want to run the franchise on a daily basis and would leave that to Checketts.

                                Ford's addition (at 30 percent) is only part of the equation.

                                To cover another 30 percent (including his own percentage) Checketts has been busy lining up additional investors from the St. Louis community.

                                The list includes prominent and recognizable names. The investors aren't yet willing to come forward to publicly confirm...
                                -02-01-2010, 07:23 AM
                              • MauiRam
                                Intrigue behind Rams sale
                                by MauiRam
                                Sports Columnist Bernie Miklasz
                                ST. LOUIS POST-DISPATCH
                                11/15/2009

                                Let's get down to business. It's time to update the attempted sale of the St. Louis Rams. The process has been secretive for the most part. Obviously, there's a lot that I don't know.

                                But after making several rounds of phone calls this week and talking to multiple sources with direct knowledge of the situation, I'll share what I know.

                                And I'll also discuss the ongoing effort of Blues chairman Dave Checketts, who is attempting to put together a consortium to purchase the 60 percent of the Rams owned by Chip Rosenbloom and his sister, Lucia Rodriguez.

                                Checketts is carrying the football on behalf of St. Louis. That's a positive, but there is a downside, and later in the column I'll explain why.

                                Let's get started:

                                No sale is imminent.

                                Several out-of-town interests are pursuing the franchise. And indications are that the potential buyers have communicated a desire to keep the Rams in St. Louis. For example, one potential buyer lives out of state but has business interests here and is thought to be pro-St. Louis.

                                That said, no one in St. Louis should take anything for granted. Buyers know that Rosenbloom and Rodriguez want the Rams to remain here. And if a buyer has other motives, it makes no sense to telegraph those intentions to Rosenbloom. Or to the Goldman Sachs investment firm, which is handling sale inquiries.

                                Last Sunday on the CBS pregame show, Charley Casserly identified a new potential buyer: Texas-based banking billionaire Gerald J. Ford. It's true. It's also early. Ford, 65, is a promising candidate. But he hasn't been vetted yet.

                                Casserly also suggested that Rosenbloom and Rodriguez are under pressure to sell before the end of the year, because of estate-tax issues related to the death of their mother, Georgia Frontiere. A source with intimate knowledge of the Rosenbloom-Rodriguez tax issues disputes that.
                                Between now and October 2013, Rosenbloom and Rodriguez are obligated to pay interest on the estate-tax bill. They are not required to begin making payments on the principal until Oct. 2013. At that point, the pressure to sell the team would increase, but the source stressed it would still be possible for Rosenbloom and Rodriguez to keep the Rams. An expected increase in the capital-gains tax (in 2010 or 2011) doesn't help Rosenbloom and Rodriguez, but the source insists that isn't an important factor in the sale timetable.

                                Stan Kroenke, who owns 40 percent of the Rams, has remained silent. To buy the available 60 percent, Kroenke would have to convince the NFL to change the rules prohibiting cross ownership. (He owns the NBA Denver Nuggets and NHL Colorado Avalanche.) Kroenke is a key to this. Because if he agrees to stay on as the 40 percent partner, the new owner would...
                                -11-15-2009, 10:06 AM
                              • RamWraith
                                Future ownership of Rams in doubt
                                by RamWraith
                                By Jim Thomas
                                ST. LOUIS POST-DISPATCH
                                Saturday, Jan. 19 2008

                                Dale "Chip" Rosenbloom grew up surrounded by Rams football. Now he's about to
                                own the team but for how long?

                                With the death of Georgia Frontiere, her son and daughter will inherit the
                                Rams. Rosenbloom, 43, is a filmmaker; Lucia Rodriguez, 46, a wife and mother.
                                Both live in Los Angeles.

                                They will split the 60 percent share of the team owned by Frontiere, but per
                                league rule, only one person can have the controlling share. And that person is
                                Rosenbloom.

                                Those close to Rosenbloom say he has some sense of obligation to his deceased
                                father to keep the Rams franchise in the family. (When Carroll Rosenbloom
                                drowned in a swimming accident in 1979, wife Georgia Chip's mother took
                                control of the team.)

                                The problem is that Rosenbloom has a full career not to mention a wife and
                                two children in Los Angeles. In fact, with six Rosenbloom movies released or
                                in production in the past three years, the movie business has never been better
                                for him.

                                Among his movie credits are "Girl in the Park" (starring Sigourney Weaver),
                                "Alice Upside Down" and the Shiloh trilogy, three popular children's movies
                                about a boy and his beagle. Rosenbloom usually produces movies, but he also has
                                directed and written screenplays. He even wrote a song for his 1990 release:
                                "Instant Karma."

                                Rosenbloom has an environmental movie about alternative energy "Fields of
                                Fuel" set to premier at the Sundance Film Festival in Park City, Utah.

                                Despite the demands of his career, Rosenbloom has been active behind the scenes
                                with the Rams for years. He meets with the team's president, John Shaw,
                                regularly and has attended several league meetings.

                                Even in his younger years, Rosenbloom always seemed to be around the team:

                                He was there when Chuck Knox was offered the Rams' head coaching job in 1983.
                                (Knox ended up going to Seattle, although he returned for a second stint with
                                the Rams in 1992.)

                                He was there in September 1994, when the Save the Rams group of Orange County
                                made a renovation proposal to team officials to keep the Rams at Anaheim
                                Stadium. Rosenbloom asked several "pointed" questions during the meeting,
                                according to the Los Angeles Times.

                                Less than a year later, in March 1995, he was there when NFL owners initially
                                voted down the Rams' proposed move to St. Louis.

                                As Rams owner, Rosenbloom wouldn't suddenly become a hands-on owner like the
                                Washington Redskins' Dan Snyder. Those who know Rosenbloom say he feels a great
                                sense of responsibility in making it work in St. Louis,...
                                -01-20-2008, 07:43 AM
                              • dhaab
                                Rams Soon Will BE Put Up for Sale - No Preconditions
                                by dhaab
                                Not looking good.



                                St. Louis Rams soon will be put up for sale
                                By Bernie Miklasz
                                ST. LOUIS POST-DISPATCH
                                Sunday, May. 31 2009
                                Here's an early heads-up for any wealthy individuals, families or potential
                                investor groups in the St. Louis area who dream of owning an NFL franchise:

                                You're in luck.

                                But you might want to act fast, because the Rams are likely to hit the open
                                market in the near future, officially offered for sale by majority owners Chip
                                Rosenbloom and Lucia Rodriguez.

                                After inheriting control of the Rams in early 2008 from their late mother,
                                Georgia Frontiere, Rosenbloom and Rodriguez have concentrated on reorganizing
                                the football operation. And they've had to deal with complex estate-tax issues
                                in the aftermath of their mother's death.

                                With substantial progress made in those areas, the timetable for a sale has
                                moved up.

                                Two sources with direct knowledge of the situation told the Post-Dispatch on
                                Saturday that Rosenbloom and Rodriguez have retained the services of Goldman
                                Sachs, the prominent investment banking firm.

                                The owners will ask Goldman Sachs to help facilitate the sale of the Rams by
                                evaluating bids and soliciting potential buyers.

                                The sale price is unknown, but Forbes magazine's most recent estimate listed
                                the Rams' value at $929 million.

                                And if you are a St. Louis Rams fan, here's the reason to be concerned: I'm
                                told there will be no preconditions attached to the sale of the Rams. This
                                means the Rams could be scooped up by out-of-town buyers.

                                And that's a dramatic and potentially ominous development, given the Rams'
                                shaky lease at the Edward Jones Dome.

                                Until now, Rosenbloom, the franchise's managing partner, has said he was open
                                to the idea of selling the Rams as long as the new owner agreed to keep the
                                team in St. Louis, long-term. Rosenbloom hoped that his pledge would entice a
                                buyer from the St. Louis community.

                                According to a source familiar with Rosenbloom's thinking, Rosenbloom is
                                discouraged by the apparent lack of local ownership interest. Rosenbloom, the
                                source said, has been waiting for more than a year for a St. Louis-area bidder
                                to step forward, to no avail.

                                The source said Rosenbloom's strong preference is to sell to St. Louis
                                representatives. But with nothing happening on the St. Louis front, Rosenbloom
                                has reluctantly concluded that the only way to expedite a sale is to make the
                                Rams available to any party, near or far. And that includes Los Angeles, the
                                Rams' home until moving to St. Louis in 1995.

                                When reached Saturday, Rosenbloom declined to comment on sale and stadium
                                issues. "The...
                                -05-30-2009, 10:44 PM
                              • MauiRam
                                St. Louis Rams owner prefers Stan Kroenke take over team ..
                                by MauiRam
                                BY JIM THOMAS

                                05/27/2010

                                IRVING, TEXAS In many ways, it has been a long 2 1/2 years for Chip Rosenbloom as controlling owner of the Rams.

                                "Emotionally, there's so many things that go into it," Rosenbloom told the Post-Dispatch. "The issue of whether we would hold onto the team, selling the team, the timing of that, all of those issues are from a family that has been in the sports business since 1953 11 years before I was born.

                                "It's part of the fabric of our family's lives. Emotionally, it's been very tough. And that's been one of the keys in finding the right buyer."

                                Rosenbloom and sister Lucia Rodriguez inherited 60 percent of the team when their mother, Georgia Frontiere, died of breast cancer on Jan. 18, 2008.

                                Between Rosenbloom's father, Carroll Rosenbloom, and his mother, the family has owned an NFL franchise first the Colts, then the Rams for 57 years.

                                But largely because of estate tax issues, Rosenbloom and Rodriguez can no longer make a go of it as NFL owners. And after a long, tedious process characterized at times by frustration and surprise developments, the goal line is in sight.

                                Although Rosenbloom wouldn't speak to it, progress was made at the just completed NFL owners meetings in the Dallas area. If all goes well, team owners could approve Missouri businessman Stan Kroenke's bid to purchase controlling interest in the team as early as August.

                                In his first extensive interview since late January, Rosenbloom talked about the sales process and why Kroenke is a good choice as the Rams' next owner, and paid homage to Illinois businessman Shahid Khan.

                                "It's been interesting," Rosenbloom said. "We're tackling a lot of issues here. We're trying to find the right buyer for us, the right buyer for the NFL, the right buyer for St. Louis. And do it in a way that respects the process."

                                In a move that surprised many, Kroenke exercised his right of first refusal in matching a sales agreement reached by Khan to purchase Rosenbloom's and Rodriguez's 60 percent share.

                                "Stan has been a great partner, a friend to our family for 15 years," Rosenbloom said. "It's his right to do what he chose to do here. We're happy that we have such a good friend in Stan and that St. Louis has such a good friend in Stan."

                                In no way, Rosenbloom pointed out, should that be construed as a sign of disrespect to Khan.

                                "I have great admiration for Shad Khan, and I consider Shad a friend," Rosenbloom said.

                                Nonetheless, Rosenbloom would be gratified to see Kroenke take over the team because in a sense Kroenke would continue the family legacy in the NFL. He joined Frontiere as a business partner in 1995 when he agreed to purchase 40 percent of the team, a transaction that ensured...
                                -05-27-2010, 10:23 AM
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