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According to Balzer: Checkett's Group NOT top Bid

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  • #1

    According to Balzer: Checkett's Group NOT top Bid

    Per Balzer, the leading offer also covers the 40-percent stake held by Stan Kroenke, and the bidder is prepared to pay $725 million in cash for the team.

    KTRS radio in St. Louis reports (via Balzer) that the bid currently under consideration did not come from the group led by Dave Checketts, owner of the NHL's St. Louis Blues.

    Prior reports have indicated that three bids were submitted, and that Rosenbloom and Rodriguez ultimately could decide to keep the team.
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  • #2
    Re: According to Balzer: Checkett's Group NOT top Bid

    Per Balzer, the leading offer also covers the 40-percent stake held by Stan Kroenke, and the bidder is prepared to pay $725 million in cash for the team.
    Some of our Cali friends might know this one......isn't Roski's interest in a team come with a swap for stadium rights? That is to say, not 100% cash?

    Seems like I heard that somewhere on here, but I can't remember who said it.
    The more things change, the more they stay the same.

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    • #3
      Re: According to Balzer: Checkett's Group NOT top Bid

      Checketts not the high bid? That is so NOT a huge surprise.

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      • #4
        Re: According to Balzer: Checkett's Group NOT top Bid

        I read somewhere that the highest bidder is the ClanRam group consisting of AvengerRam, RamDez, HUbison and Nick.

        Can't remember where I read it though.....

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        • #5
          Re: According to Balzer: Checkett's Group NOT top Bid

          zSO where ar ethe rams gonna play if the clan buys them?? Scotland? Florida?

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          • #6
            Re: According to Balzer: Checkett's Group NOT top Bid

            Originally posted by LaRamsFanLongTime View Post
            zSO where ar ethe rams gonna play if the clan buys them?? Scotland? Florida?
            I heard it was going to be a de-commissioned North Sea oil rig with a stadium/casino/resort built on top, towed from port to port. Keep everyone happy & spending their money & the Clan braintrust from paying taxes.

            Actually...that's not as silly an idea as I thought it would be.....Cruise the Caribbean for a week this fall with The Cunard Rams.....The NFL announced the next twenty superBowls will be played at The OPEC Rams ( how about that for deep-pocketed new owners) floating stadium in Bora Bora, Tahiti, Singapore,Amsterdam,Rio,Venice.....

            OK...it's time for bed...
            Last edited by Azul e Oro; -01-29-2010, 01:23 AM.

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            • 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, 06:23 AM
            • RamWraith
              If Rams ever call, Checketts will listen
              by RamWraith
              By Bernie Miklasz
              ST. LOUIS POST-DISPATCH
              Thursday, Oct. 09 2008
              Dave Checketts, owner of the St. Louis Rams?

              When Checketts, the Blues' CEO, made a guest appearance on my KSLG (1380 AM)
              radio show Wednesday, I asked him if he'd be interested in purchasing the Rams.

              Rams Chairman Chip Rosenbloom has said he's in no hurry to sell and would like
              to keep the team. But if Rosenbloom had to sell, he told me he would try to
              place the franchise in good hands and wants the new owner to be committed to
              keeping the team in St. Louis.

              Could Checketts be that candidate?

              If given an opportunity, would Checketts step up and attempt to make a deal
              with Rosenbloom?

              "The answer is absolutely," Checketts said. "We love St. Louis. It's a great
              NFL franchise. There are some real hurdles ahead with it. I'm more interested
              in doing the right thing for St. Louis than I am necessarily being the owner of
              the Rams.

              "I think Chip's having discussions with a lot of different people. I don't
              think he's decided exactly what he wants to do, but if and when he decides to
              sell I hope I get a call."

              As Checketts indicated, there would be obstacles.

              The Rams' sale price would probably fall between $800 million and $1 billion.
              If Stan Kroenke retained his 40 percent ownership share, the new majority
              partner would have to fund 60 percent of the purchase price. Yes, a new owner
              could recruit partners, but under NFL rules the lead owner must control at
              least 30 percent of the franchise.

              Though Checketts' personal worth is unclear, it's doubtful that he has the kind
              of financial clout required to own an NFL franchise. In theory, Checketts could
              put together a group headed by a "silent" majority partner — a big-money
              investor who has little interest in being the front man for the franchise.

              And in that setup, Checketts would fit as the chief executive. He's operated
              successful sports businesses, including the NBA Utah Jazz and New York Knicks.
              Under Checketts' leadership, the Blues are quickly rebuilding their fan base
              and popularity. When Checketts ran Madison Square Garden in New York, the arena
              prospered. Checketts also started up the profitable MSG sports network.

              NFL rules barring cross ownership wouldn't apply to Checketts. He owns a pro
              soccer franchise, in Utah, Real Salt Lake. But since there is no NFL team in
              Salt Lake City, Checketts is cleared to be an NFL owner in St. Louis. It's the
              same reason Paul Allen can own the NFL Seattle Seahawks and the NBA Portland
              Trailblazers; the Blazers do not compete with an NFL team in Portland.

              Kroenke, however, has a problem. The NFL won't...
              -10-09-2008, 04:27 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, 08:58 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, 09:06 AM
            • Alec22
              Oh God, its Limbaugh Again........
              by Alec22
              "Rush Limbaugh really is interested in buying the Rams. Limbaugh and St. Louis Blues owner Dave Checketts head up one of three groups that submitted bids to buy the team, Charley Casserly of CBS reports. It's not clear whether the Checketts/Limbaugh bid includes the 40 percent stake owned by Stan Kroenke or the 60 percent stake owned by the late Georgia Frontiere's children. Rumors of Limbaugh's interest in the team started in May, and he was spotted at the Rams game on Sept. 20."

              If Rush takes ownership in the rams...I simply dont know if I will be able to still call myself a fan, and I havent missed a game in 6 years...........
              -10-05-2009, 11:52 AM
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