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  • Rams might sell by March?

    Rams owners may decide by March if they are going to sell

    Sale could also include Stan Kroenke's 40 percent share of Rams

    By Howard Balzer
    Thursday, January 28, 2010

    This year’s NFL draft is 84 days away and the Rams are on the clock. By the time of the draft, and potentially by the beginning of the NFL’s league year March 5, St. Louis could also be on the clock. If it isn’t already.
    League sources have told that Rams owners Chip Rosenbloom and Lucia Rodriguez are likely to decide by the start of the league year whether to accept an offer for not only their 60-percent share of the team, but also the 40 percent owned by Stan Kroenke. Should this be the case, it means Kroenke has agreed to sell his portion of the team. He currently holds a right of first refusal on any sale of the remaining 60 percent, but NFL cross ownership rules prohibit him from being the Rams' majority owner and managing partner.
    According to reports on KTRS Radio, the potential buyer is not believed to be a group led by St. Louis Blues managing partner Dave Checketts, but instead has one unidentified person as the major lead investor. KFNS Radio has reported that Checketts' group places the value of the Rams at less than $600 million. KFNS also reported that the one investor is prepared to pay $725 million in cash for the franchise.
    At an NFL meeting in October, Rams senior advisor and owners’ representative John Shaw told league owners he expected a decision to be made on the sale of the team by the end of the year. That was apparently a reference to the league year, not the calendar year.
    The start of the league year is when player contracts expire for the previous season and new contracts take effect or players without contracts become free agents.
    Even if a sale agreement is reached by that time, it could be months until the new owners gain control of the club.
    Most important, however, is that according to sources, there would only be a short-term commitment for the new owner to keep the team in St. Louis. That dovetails with the clause in the team’s lease with the CVC (Convention and Visitor’s Commission) that mandates the Edward Jones Dome be within the top 25 percent of the league’s stadiums by March, 2015.
    While that is five years away, the agreement between the Rams and the CVC that resulted in $30 million of upgrades for the dome included a time-frame for the next round of negotiations.
    By Feb. 1, 2012, just two years from now, the CVC is required to have a plan for improvements to the dome. The Rams must reply by March 1 in either accepting or not accepting that proposal.
    If the Rams don’t like the proposal, the club has until May 1 to respond with their own plan. It’s not out of the question that could include a new stadium, since financial experts believe it will take at least $300 million and perhaps twice that to upgrade the dome to bring it to that top 25 percent of the league's stadiums.
    Once the Rams submit their plan, the CVC has until June 1 to respond with acceptance or rejection. Should they not accept it, arbitration is next, which would begin on June 15. That process must be concluded by the end of the 2012 calendar year.
    Should the CVC elect not to abide by the arbitrator’s decision, the Rams would be free to move after the 2014 season. It would also be likely the team would seek to leave sooner, rather than be in a lame-duck situation for two seasons.
    In reality, the clock is already ticking on the Rams’ future in St. Louis and on the CVC, to determine how serious the CVC is about keeping pro football

  • #2
    Re: Rams might sell by March?

    How sad is it that tax payers are forced to build new stadiums every 15 years or so? It's ridiculous. Stadiums used to last decades, now all of a sudden they can't make it 20 years without falling apart? Please...


    • #3
      Re: Rams might sell by March?

      Originally posted by ScottD413 View Post
      How sad is it that tax payers are forced to build new stadiums every 15 years or so? It's ridiculous. Stadiums used to last decades, now all of a sudden they can't make it 20 years without falling apart? Please...
      The Edward Jones Dome has two critical failings, which results in the current situation.

      1. It was a fairly cheap stadium to begin with.

      2. 3/4s of the league have built new stadia since it opened its doors.

      2a. The lease was written so that the EJD must be in the top 1/3 or 1/4 of NFL stadia in order for the Rams to not have a major out.


      • #4
        Re: Rams might sell by March?

        Los Angeles here we come!!!
        LA RAMMER

        It's Jim not Chris


        • #5
          Re: Rams might sell by March?

          The Rams get a new owner that wants to win, to a city with a new stratum (*LA), plenty of Die Hards to start the feeding frenzy. That would be my dream come true. Always and Forever, “Loyalty over Location” :ram:


          • #6
            Re: Rams might sell by March?

            Seriously Arnold would bring California a hole lot more money with the rams. with the new stadium, It would be crazy. Besides, Most of the reason why the rams moved was because of Georgia Frontere. That was her home town or something.

            I heard that LA had more people in the seats when they had losing season, then the jones dome did the first year they had Linehan. I can see why, but even i would go to games even if they lost. If they moved to Cali. Im getting season tickets even if they suck. It would be a good choice for the rams to move here. All i can see is the positivity in this. And i believe the rams will be a contender very very soon.


            • #7
              Re: Rams might sell by March?

              LA>STL. Bring the rams home!


              • #8
                Re: Rams might sell by March?

                Let Stan buy them out and move them too london, then he can own arsenal and rams in london


                • #9
                  Re: Rams might sell by March?

                  I assume that most of you haven't read Bernie's latest column on the matter. I'll take his word over the Bulger bootlicker's.


                  • #10
                    Re: Rams might sell by March?

                    Originally posted by GreatestShow99 View Post
                    I assume that most of you haven't read Bernie's latest column on the matter. I'll take his word over the Bulger bootlicker's.
                    Nobody in their right mind would consider putting a second team in Chicago. I'd give decent odds that his sources told him "2nd largest city in the US" or "2nd largest market in the NFL" and he thought that was Chicago.;)


                    • #11
                      Re: Rams might sell by March?

                      excellent post thanks for the info.


                      • #12
                        Re: Rams might sell by March?

                        The Rams would only make sense in Los Angeles if they moved again. The city already has a history with the fans and it would be Hollywood flare all over again. And they would get a new stadium to boot. But the dream is far away. I love ST Louis and i think the fanbase will do whatever to renovate the Dome to NFL standards. The Rams just need a couple winning seasons for the fanbase and the city to commit to a huge amount of tax payer money. In this day and age. The fans will dictate the funds. And it will look like Los Angeles would be the second option if it becomes ugly.
                        Rebuilding the team is a first priority for the new owners.


                        • #13
                          Re: Rams might sell by March?

                          Originally posted by Comrade Ram View Post
                          LA>STL. Bring the rams home!
                          I am going to feel genuinely sorry for you guys when the team doesn't move back to Los Angeles. You alienate the home town fans of your favorite team on the hopes that they might move back?

                          Seems like a burnt bridge for no good reason.
                          "I'm not going to hide my opinions. They're coming to you between 7000-4000 Angstroms for all the world to see. Oh yes, you will be enlightened."


                          • #14
                            Re: Rams might sell by March?

                            One of Checketts biggest money guys is a Texan. San Antonio Rams? I like the sound of that.


                            • #15
                              Re: Rams might sell by March?

                              Originally posted by txramsfan View Post
                              One of Checketts biggest money guys is a Texan. San Antonio Rams? I like the sound of that.
                              He's a Texan that is going to own 30% - 40% of the team. Checketts is still going to own about 60% - 70% of the team


                              Related Topics


                              • 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, 09:44 PM
                              • Rambos
                                Dome owners hire Goldman Sachs to help with stadium issues
                                by Rambos
                                By David Hunn [email protected] 3
                                ST. LOUIS • The agency that owns the Edward Jones Dome is fighting to find a home for the Rams in the region.

                                The St. Louis Regional Convention and Sports Complex Authority has hired Goldman Sachs, the multinational investment banking firm, to find ways to keep the Rams in the Dome or, if that’s not possible, hang on to a football team in St. Louis.

                                The contract pays Goldman $20,000 a month, plus no more than $25,000 in total expenses, Dome officials said.

                                Goldman will advise the authority as long as needed on ways to pay for Dome renovations, boost revenue if the Rams leave the building, and finance the construction of a new stadium.

                                The agency’s board unanimously approved the move Monday afternoon. The goal, according to the resolution, is to renovate or build a facility “sufficient to retain a National Football League franchise in the St. Louis Metropolitan Area.”

                                The move is a marker that Missouri Gov. Jay Nixon and the authority, which has so far played little public role in negotiations, will emerge as players in deciding the future of the NFL in St. Louis.

                                Nixon, who appoints members to the authority, advised the board to hire Goldman. The governor, said board chairman Jim Shrewsbury, is “taking a much more direct role in this, a hands-on role.”

                                The deal is also a pre-emptive strike — Shrewsbury made a point to note that Goldman is working for the Dome authority and not for Rams owner Stan Kroenke.

                                Goldman Sachs has financed or advised on the financing of every NFL stadium recently built, officials said. Authority attorney Robert Blitz called Goldman executive Greg Carey “the guru of sports stadiums in the United States.”

                                Shrewsbury said the firm has “unparalleled expertise in dealing with these issues.”

                                Kevin Demoff, the Rams chief operating officer, did not return a phone call seeking comment.

                                The authority was created by state law in 1988 to build, own and maintain the Edward Jones Dome. It contracts with the St. Louis Convention and Visitors Commission to run the facility, and the Rams lease the building from the CVC.

                                By state law, the authority has the power to buy land and build and operate other stadiums, not just the Dome.

                                Its board is made up of 11 commissioners, three appointed by St. Louis’ mayor, three by the St. Louis County executive and five by the governor. Shrewsbury, former president of the St. Louis Board of Aldermen, was recently named chairman of the stadium authority by Nixon.

                                Nixon’s director of communications, Channing Ansley, did not make the governor or his staffers available for an interview Monday.

                                In a statement, Nixon said: “The state has a long-term interest in the future of the Dome and in ensuring Missouri continues to be home to...
                                -02-12-2013, 09:17 AM
                              • MauiRam
                                How Rams could get out of St. Louis dome lease
                                by MauiRam
                                How Rams could get out of St. Louis dome lease
                                BY JIM THOMAS
                                ST. LOUIS POST-DISPATCH

                                Proud, yet realistic, the late Sen. Thomas F. Eagleton astutely summed things up when the new $300 million Trans World Dome opened in downtown St. Louis in 1995.

                                "It's state of the art," Eagleton said. Then he paused for effect and added . . . "until the next one is built." Truer words were never spoken.

                                But no one — not Eagleton, not Rams executive John Shaw, not the St. Louis Convention and Visitors Commission, not the 31 other NFL club owners — could have predicted what would happen next.
                                The Rams wouldn't have moved to St. Louis from Southern California without the existence of the TWA Dome and its lucrative lease. The franchise's move to the Midwest led to a second wave of relocation in the NFL, and sparked an unprecedented boom in stadium construction throughout the league.

                                And if the Rams could move from the nation's second-largest market to a mid-level market in the Midwest, it could happen anywhere. Owners wanted to keep up with the revenue stream that a new stadium produced; cities worried about losing their team if they didn't have a new stadium.

                                One new stadium after another sprung up around the league. Jerry Jones' new $1.12 billion playpen in suburban Dallas opens next month. In 2010, when the New York Giants and Jets move into a $1.6 billion stadium, 22 of the 31 other NFL teams will be playing in new or massively renovated stadiums that were built after the St. Louis dome opened in '95.

                                All of this might be of only marginal interest to the Rams — and to St. Louis — were it not for the "first tier" provisions of the relocation and lease agreement negotiated between the Rams and the CVC in 1994 and '95. The first-tier provisions were the work of Shaw and are the envy of just about every other team owner in the NFL.

                                While many St. Louis football fans fret about the impending sale of the Rams by owner Chip Rosenbloom, the first-tier provisions in the stadium lease are just as ominous. In a doomsday scenario, if the Rams and the CVC can't reach agreement on first-tier requirements, the Rams could be free to leave St. Louis after the 2014 season.

                                So what are the first-tier provisions and the mechanisms that could lead to the departure of the Rams? The Post-Dispatch

                                obtained a copy of the 1,700-page lease and relocation agreement from the CVC and with the help of a local attorney sorted out the first-tier language.

                                The lease requires that the dome — now known as the Edward Jones Dome — be considered among the top 25 percent of stadiums (or top eight buildings) in the NFL.

                                The dome was to be "measured" for first-tier status every 10 years — by March 1, 2005, and March 1, 2015, although the '05 measurement didn't really...
                                -08-02-2009, 03:34 PM
                              • ZiaRam
                                Rams Submit Dome Improvement Plan
                                by ZiaRam
                                ST. LOUIS (AP) - The St. Louis Rams have submitted plans to upgrade the Edward Jones Dome, a key step to making sure the team doesn't leave town.
                                The team turned in its counterproposal on Tuesday, declining to release details. The plan was given to the St. Louis Convention and Visitors Commission, the operator of the dome that announced its own plan in February. The CVC said it will begin the review process, but spokeswoman Donna Andrews declined further comment.
                                The Rams can legally break its 30-year lease after the 2014 season if the dome is not deemed to be among the top tier of NFL stadiums.
                                The rejected CVC plan included $124 million in improvements, featuring a massive scoreboard measuring 96 feet long, new club seats, windows to add natural light and even a 50,000-square-foot attachment with a "Geek Suite" area for electronic buffs and fantasy football players.
                                But the CVC plan called for the team to pay 52 percent of the cost, or about $64.5 million Taxpayers in St. Louis city and county would have been asked to pick up the rest of the cost or some $60 million.
                                The Rams offered no details on why the plan was rejected.
                                Under the lease, the two sides now have until June 15 to try and reach an agreement. Otherwise, arbitration begins. The arbitration process could last through the end of the year.
                                Rams owner Stan Kroenke has been non-committal about the team's future in St. Louis if the dome is not upgraded, creating concern that St. Louis could lose an NFL team for the second time in a quarter of a century. The football Cardinals left for Arizona after the 1987 season in large part because of stadium issues. Owner Bill Bidwill wanted a stadium of his own rather than sharing Busch Stadium with baseball's Cardinals.
                                Former Rams owner Georgia Frontiere brought the team from Los Angeles to her hometown of St. Louis prior to the 1995 season. The dome, built with taxpayer funds, opened that season. Frontiere died in 2008 and Kroenke, who had a 40 percent share, bought the remaining stake from her children.
                                Since the dome opened, several NFL teams have opened new open-air or retractable-roof stadiums. The St. Louis stadium is smaller than many and lacks some of their amenities.
                                The lease has built-in intervals when the team can break the lease if the dome is not deemed to be among the top 25 percent of all 32 NFL stadiums based on various criteria. The next interval is 2014.
                                There is concern in St. Louis that Kroenke could move the team back to Los Angeles. Kroenke, a real estate mogul whose wife is a Wal-Mart heir, is a Missouri native but has ties to California, too. He owns an estate in Malibu, Calif., and recently made an unsuccessful bid to purchase baseball's Los Angeles Dodgers.
                                The dome was financed largely with taxpayer money -- $256 million in bonds repaid by the state of Missouri and St. Louis city and county in a 30-year debt that will total $720 million....
                                -05-01-2012, 09:15 AM
                              • supachump
                                Rams' dome proposal rejected
                                by supachump
                                As expected....

                                ST. LOUIS -- The agency that operates the Edward Jones Dome on Friday rejected an improvement plan for the 17-year-old stadium proposed by the St. Louis Rams.

                                The St. Louis Convention & Visitors Commission said in a brief statement that it believes it is in "the best interest of the community and the Rams to engage in meaningful dialogue over the next two weeks, and looks forward to the opportunity to do so at the earliest convenience of Rams management."

                                Arbitration begins if no agreement is reached by June 15, and the arbitration process could last through the end of the year.

                                The lease between the commission and the Rams requires that the dome be among the top quarter of all NFL stadiums before the 2015 season. If not, the team could break the lease and potentially become the second NFL team to leave St. Louis in a quarter of a century.

                                The dome, which opened in 1995 after the team relocated from Los Angeles, was built with money from city, St. Louis County and Missouri taxpayers.

                                The commission's rejection was not unexpected given the wide discrepancy between the Rams' plan and one submitted by it in February. That plan called for $124 million in improvements such as a bigger scoreboard and better club seating. It also would have required the Rams to pay 52 percent of the cost. Taxpayers would have to approve funding for the remaining 48 percent.

                                The Rams' counterproposal submitted May 1 was far more elaborate, calling for a new roof with a sliding panel, replacing much of the brick exterior with a glass front, even re-routing a nearby street.

                                The Rams did not provide a cost estimate but Jeff Rainford, chief of staff for Mayor Francis Slay, said the plan would cost about $700 million and the dome, which also hosts conventions, would have to be closed for renovation for up to three years, potentially costing the city $500 million in convention revenue.

                                The Rams did not intend for their proposal to be publicly released. Missouri Attorney General Chris Koster released it against the team's wishes on May 14 following open records requests from media, including The Associated Press, which contended that since taxpayers are paying $720 million over 30 years to fund the dome, records related to it should be open.

                                The 30-year lease signed when the Rams moved to St. Louis requires the dome to remain among the top eight of the 31 NFL stadiums or the team can break the lease at certain junctures, the next being after the 2014 season.

                                Owner Stan Kroenke has been non-committal about the team's future if the dome isn't improved. He is a Missouri native who became minority owner when Georgia Frontiere brought the Rams to her hometown of St. Louis.

                                But Kroenke owns an estate in Malibu, Calif., and unsuccessfully sought to purchase baseball's Dodgers, leading to speculation...
                                -06-01-2012, 08:41 AM