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Bernie Article: New owner for Rams

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  • Bernie Article: New owner for Rams

    Very excited. New owner who actually cares about football, and will be attending all games and just overall great news for the Rams.

    Rams owners Chip Rosenbloom and Lucia Rodriguez have entered into a signed agreement to sell the team to Shahid Khan, multiple NFL sources told the Post-Dispatch late Wednesday night.

    Khan, 55, is the president of Flex-N-Gate Corp., an auto-parts manufacturer based in Urbana, Ill. Khan has lived in the Champaign-Urbana area for more than 40 years and is married with two adult children. Khan is a graduate of the School of Mechanical and Industrial Engineering at the University of Illinois.

    According to league sources, Khan will purchase the 60 percent of the team owned by siblings Rosenbloom and Rodriguez, who inherited the franchise from their late mother, Georgia Frontiere, in early 2008. NFL owners must approve the sale.

    The Rams owners and Khan won't close on the deal until sometime next month.


    Stan Kroenke owns the 40 percent remaining, and it's unclear if Kroenke plans to retain his share. If Kroenke wants to be bought out, sources say Khan is likely to do so, and that would make him the 100 percent owner.

    Kroenke also has the right of first refusal to buy the Rosenbloom-Rodriguez 60 percent, but current NFL rules barring cross ownership prevent Kroenke from taking over as the team's majority owner. Kroenke owns the Denver Nuggets in the NBA and the Colorado Avalanche in the NHL. To buy a controlling interest, Kroenke would have to persuade the NFL to change its ownership rules.

    Multiple league sources describe Khan as an enthusiastic Rams fan who has attended home games at the Edward Jones Dome. League sources say Khan is committed to keeping the team in St. Louis and that was an important consideration to Rosenbloom and Rodriguez in making their decision to sell to him.

    The Rams will probably be able to vacate their lease agreement after the 2014 season, but sources say Khan is willing to work with local leaders in an effort to assure the team's long-term future in St. Louis. A source noted Khan's deep and stable roots in central Illinois as a sign that he wants to own an NFL franchise in St. Louis and in no other market.

    Moreover, Khan is said to have special feelings for St. Louis because he arrived in St. Louis early in his life when his parents moved to the United States from Pakistan.

    Khan began working for Flex-N-Gate in 1970 and has owned the company since 1980. Under Khan's direction, Flex-N-Gate's revenue has increased to more than $2 billion. The company manufactures metal and plastic automotive components and assemblies, such as bumpers, grilles, hinges, interior panels and pillars, latches, pedal systems, parking brakes and running boards for a wide range of customers in the automobile industry including BMW, Chrysler, Ford, Honda, General Motors, Toyota and Volvo. Flex-N-Gate has more than 50 manufacturing and engineering facilities in the U.S., Argentina, Canada, Mexico and Spain.

    Khan received the Distinguished Alumnus Award from the Department of Mechanical and Industrial Engineering at Illinois in 1999 and has served on multiple boards at Illinois.

    Rosenbloom and Rodriguez entertained several other offers for the Rams, including one from a group led by Blues Chairman Dave Checketts.

    Rosenbloom declined to comment Wednesday when reached via text message.

  • #2
    Re: Bernie Article: New owner for Rams

    very disappointed real bad news for us LA folks
    LA RAMMER

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

    Comment


    • #3
      Re: Bernie Article: New owner for Rams

      Originally posted by LA Rammer View Post
      very disappointed real bad news for us LA folks
      The team was never going back to LA. This is actually great news because the Rams need as much stability as they can get during a rebuilding process.
      @EssexRam_

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      • #4
        Re: Bernie Article: New owner for Rams

        Originally posted by tomahawk247 View Post
        The team was never going back to LA. This is actually great news because the Rams need as much stability as they can get during a rebuilding process.
        If confirmed, I agree that this is good news for the stability of the franchise in the long term & probably increases the chances of a good off season this year. Fresh committed money and, if BM's contention that Khan might even buy out Kroenke is true, plenty of it.

        If this truly is the end of The Rosenbloom era, let me be the first to say thank you to Chip & Lucia for giving The Rams a good start on the road to recovery. It can't have been easy under the circumstances.

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        • #5
          Re: Bernie Article: New owner for Rams

          Originally posted by LA Rammer View Post
          very disappointed real bad news for us LA folks
          Oh come on. I'm not going to weigh in to the LA/STL debate out of principle, but this is nothing short of fantastic news for the franchise. What this deal breeds is stability and I'd say that definitely would have been a factor for Rosenbloom et. al. The Rams are staying in St. Louis under new ownership, capitalising on advances made in recent years under the guidance of Spagnuolo, Devaney and also Rosenbloom himself. The Rams are in St. Louis to stay and there will be no turbulence to shake a rebuilding franchise in its boots. A move right now would be disruptive and not in the best interests of the team.

          Thankyou to Rosenbloom and Rodriguez for what they've done in recent years. Here's hoping that Khan can help further in putting this franchise back on its feet. We're a ways away from winning a Superbowl, but damn it all if I'm not very pleased with this move and the stability it proffers.

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          • #6
            Re: Bernie Article: New owner for Rams

            Is he willing to spend the $$$ to make this team competitive? Rams II: The Wrath of Khan. Khan!
            A defeated look of consternation, dissappointment, or even pain. The name derives from the look one often gets when challenged by a large BM.

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            • #7
              Re: Bernie Article: New owner for Rams

              Good news. It takes time but we're getting this thing turned around :helmet:
              Always and Forever a fan of the St. Louis Rams

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              • #8
                Re: Bernie Article: New owner for Rams

                At least the rams will stay in St. Louis!!

                Comment


                • #9
                  Re: Bernie Article: New owner for Rams

                  When I heard "auto parts," I immediately thought the team was being purchased by this guy:



                  From the description, though, it sounds like the right fit. Local guy, likes the Rams, deep pocket, experience running a business.

                  Now lets hope this gets approved quickly.

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                  • #10
                    Re: Bernie Article: New owner for Rams

                    Was there anyone else who kept wanting to yell out "KHAAAAAAAN" while reading the article, but couldn't because you were at work and would weird everyone out?


                    Yeah, me neither...

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                    • #11
                      Re: Bernie Article: New owner for Rams

                      Let's hope it happens. Let's hope the guy has the financial ability to do it without stretching himself too thin. It's nice that he's already been to multiple games at the dome. Shows he's more than just an investor, he's a fan.

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                      • #12
                        Re: Bernie Article: New owner for Rams

                        Originally posted by LA Rammer View Post
                        very disappointed real bad news for us LA folks
                        If true, I'm sure this is bad news for LA rams fans; but an interested owner who wants to see winning football is nothing but fantastic for la RAMS fans.
                        The more things change, the more they stay the same.

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                        • #13
                          Re: Bernie Article: New owner for Rams

                          Originally posted by HUbison View Post
                          If true, I'm sure this is bad news for LA rams fans; but an interested owner who wants to see winning football is nothing but fantastic for la RAMS fans.
                          i would have been a fan of the rams wherever....well maybe perhaps not Canada, but anywhere in the US, definitely. Have been a fan all my life and that isn't likely to change. That being said, i must say it feels darn good to have the Rams staying within bike ride distance

                          *moon walks across the floor........*

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                          • #14
                            Re: Bernie Article: New owner for Rams

                            Multiple league sources describe Khan as an enthusiastic Rams fan who has attended home games at the Edward Jones Dome. League sources say Khan is committed to keeping the team in St. Louis and that was an important consideration to Rosenbloom and Rodriguez in making their decision to sell to him.

                            That is Great I wounder what is his feeling on the current coaching staff.
                            :ramlogo:

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                            • #15
                              Re: Bernie Article: New owner for Rams

                              i got a new name for the Rams' band: the st. louis genesis device!

                              ok, well i ain't gonna drool over the guy just yet... Besides, i don't care what Bernie has to say about him. i'm going off the espn article which is apparently less prone to pontifications about Khaaaaaaaaaaan and his biz plan.

                              but, it does look promising and his ownership does suggest some stability. i'd love to see the rams in l.a. but i'm glad the rebuilding project won't be blind sided with relocation. these guyz need to focus on football- not where their new lockers are going to be, where their families will live, and the distractions a new city would undoubtedly throw at them, etc.

                              Besides, if you going to branch out from the U.S. automotive industry-- seems like there's no time like the present.

                              i just want some wins. go horns!
                              :ram:

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