Announcement

Collapse
No announcement yet.

Bernie: More On Rams Sale & Shahid Kahn

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Bernie: More On Rams Sale & Shahid Kahn

    02.11.2010 11:01 am
    More on Rams Sale & Shahid Khan
    By Bernie Miklasz


    Good morning …

    In no particular order:

    * What are Stan Kroenke’s options? The Rams’ 40 percent owner has three choices. (1) keep his 40 percent and work with Shahid Khan if Khan is approved as the 60 percent owner. (2) sell his 40 percent to Khan. (3) exercise his right of first refusal, try to buy all 100 percent and then take on the NFL to persuade the league to change its rules covering cross ownership. Unless the NFL changes the rules, Kroenke can’t be the 100 percent owner.

    * Perhaps Kroenke will have a fourth option; there are rumors of the NFL Denver Broncos being for sale.

    * Why did Khan gain the advantage over Dave Checketts in the competition for the Rams? Two reasons: (1) The Checketts’ group was financially prepared to buy 60 percent of the team — the piece owned by Chip Rosenbloom and his sister Lucia Rodriguez. If Kroenke wants to opt out of his 40 percent, the Checketts’ group wasn’t in position to buy Kroenke’s 40-share as well. Khan, on the other hand, has the resources to buy all 100 percent if need be. (2) Khan’s bid is a stand-alone deal; he is, for now, by himself on this. (It’s always possible to add partners later). But the NFL likes clean deals. The NFL prefers a one-owner structure. Checketts had cobbled together a network of investors; the ownership pie was being divided among many people.

    * What’s next for Khan? A purchase agreement has been signed. It will take several weeks, perhaps 6 to 8 weeks, for the Rams’ owners and Khan to formally close on the deal, which is a normal procedure. During this waiting time, Khan will likely be vetted by the NFL Finance Committee. Every aspect of his finances and personal background will be inspected by the league, which, again, is standard procedure. If Khan gains clearance from the committee, then the NFL owners will vote on the sale. Khan will need 75 percent of the 32 owners to support him.

    * What about Khan’s dispute with the Internal Revenue Service? Will that be an issue? Obviously, this will draw scrutiny from the NFL’s finance committee. And here is a link to the latest news story on the Kahn/IRS dispute. A couple of things on this: a dispute with the IRS is hardly unusual. This isn’t a criminal complaint; it’s a disagreement on the validity of tax shelters and Khan and his wife paid the IRS the requested amount, $68 million. And now the Khans are challenging the IRS to get the money back. Also, Goldman-Sachs, which handled the sale for Rosenbloom-Rodriguez, thoroughly vetted Khan on this and other financial issues. Goldman-Sachs wouldn’t have forwarded Khan’s bid to the Rams unless the broker had reasonable confidence in Khan’s status and Khan’s prospects for being approved by the NFL. But obviously, questions will be asked.

    * What about Chip Rosenbloom and Lucia Rodriguez? What are their feelings on Khan? They were determined to put the teams into the hands of a pro-STL owner. Since no one individual from the St. Louis community stepped forward to buy the Rams — remember, Checketts’ money guy was from Dallas — Rosenbloom and sister were comfortable with Khan’s willingness to keep the Rams in St. Louis. Sources tell me the Rams’ owners got to know Khan well, and came to like him very much on a personal level. They believe he is sincere about saving the Rams for St. Louis. They would not have sold the team to Khan unless they had confidence in Khan.

    * By the way, kudos and applause for Checketts – he tried to pull this off and he succeeded in rallying some of the STL business leaders to his side. It wasn’t enough, but Checketts tried to do the right thing for the Rams and St. Louis and I really respect him for that.

    * What do we know about Khan’s family? Khan, a University of Illinois graduate (school of engineering) met his future wife, Ann Carlson Khan, when both were students at Illinois. They have two adult children. And have lived in the Champaign-Urbana area for more than 40 years. The Khans have been generous in their support of their alma mater. And they are clearly proud and active alums . Here is a link to a little info on the Khans’ involvement at the university.

    *Some good stuff from Mike Owens at KSDK-TV Channel 5 and Marc Cox at KMOV-TV Channel 4: Owens and Cox made the trek to Champaign-Urbana Thursday to find out what they could about Khan. Among the findings: Khan and his wife Ann funded a new tennis facility for the U. of Illinois at a cost of $2.5 million. Khan purchased (and still owns) the Urbana Country Club. Khan has endowed at least five professorships at Illinois.

    Cox spoke to Urbana Mayor Laurel Prussin, who said this of Khan: “He’s got a very good reputation. He’s built a world-wide enterprise, starting here in Urbana. I think he’s a very decent person and I think you’ll enjoy having him as the owner.”

    And Owens solicited this encouraging pro-Kahn view from Illinois football coach Ron Zook: “He’s a competitor, he’s a winner, he’s a very successful man. He’s been very successful in everything he’s done and there’s no reason to think he won’t be successful in the National Football League.”

    Cox and Owens both reported that Khan provides a private jet for Zook to use on recruiting trips.

    * By the way, belated props to my friend Martin Kilcoyne of Fox 2 news and KFNS: I was at the Super Bowl last week and did not hear what he said, but as it turns out Kilcoyne mentioned Khan as a potential buyer of the Rams. And I wanted to recognize that. Unlike some other media outlets in town, I won’t refuse to acknowledge another media person’s fine reporting. I am always pleased to give proper credit and praise when someone else comes up with good info or a good news story.

    * Also, because of deadline constraints for the print edition of the Post-Dispatch, I was initially unable to publish details about Mr. Khan’s dispute with the IRS. But I and others immediately provided links to those IRS stories on “Bernie’s Press Box” on STLtoday.com, and while the info was not in the print edition, it was readily available to anyone who surfed our web site late Wednesday night, several hours before it appeared elsewhere.

    * Is Khan really a Rams fan? Yes. He’s been to a lot of home games through the years. In fact, Khan attended a home game this past season and sat with the Rams’ owners, who went to great lengths to ensure his privacy.

    * Was Khan new to the process? Was he a late and unexpected bidder? No. Khan has been pursuing the team for many months. He was one of three finalists for the purchase. It’s just that he did a terrific job of keeping his name out of the media … until now.

    * Does he really want to keep the team in St. Louis? Yes. There is no reason to believe otherwise. He has lived in central Illinois for more than 40 years. His business is based in central Illinois. His world is in the region, only a two-hour plus drive from St. Louis. His personal and professional connection to the area make him an ally to St. Louis; I am told my multiple sources that he wants to own an NFL team here — and not in LA or another market. That said, there are some stadium issues that must be addressed no matter who owns the Rams.

    * What does Khan think about St. Louis? I know this: a source close to him tells me that Khan views St. Louis with a great deal of personal fondness. When he moved here from Pakistan — Khan was a teen — he arrived in the U.S. in St. Louis. It was the first American city he knew, it was his first U.S. destination. Khan feels as if he’s lived the American dream … and that American dream began in St. Louis.

    Thanks for reading; I may add later ….

    -Bernie

  • #2
    Re: Bernie: More On Rams Sale & Shahid Kahn

    I wonder how he ended up a Rams fan and not the Cardinals or Bears?
    "The disappointment of losing is huge!"

    Jack Youngblood

    Comment


    • #3
      Re: Bernie: More On Rams Sale & Shahid Kahn

      Originally posted by MoonJoe View Post
      I wonder how he ended up a Rams fan and not the Cardinals or Bears?
      Good Taste?

      Comment


      • #4
        Re: Bernie: More On Rams Sale & Shahid Kahn

        Maybe because the rams play in St. Louis? Not everyone remained a Cardinals fan when they left.

        Comment


        • #5
          Re: Bernie: More On Rams Sale & Shahid Kahn

          Originally posted by TheTalkOfTheArch View Post
          Maybe because the rams play in St. Louis? Not everyone remained a Cardinals fan when they left.
          Considering that the Rams are in St. Louis and Khad lives in Illinois, I don't think that its because the Rams play in St. Louis.

          Comment


          • #6
            Re: Bernie: More On Rams Sale & Shahid Kahn

            Originally posted by MoonJoe View Post
            I wonder how he ended up a Rams fan and not the Cardinals or Bears?
            Good question. When he first came to the states he ended up in St. Louis and he has lived in Central Illinois for more than 40 years. So when he first came to the states our RAMS were in L.A.. As we all know the Cardinals were in St. Louis then.

            I hope someone from the media asks him when, how or why he became a RAMS fan?
            sigpic :ram::helmet:

            Comment


            • #7
              Re: Bernie: More On Rams Sale & Shahid Kahn

              Originally posted by Trevor View Post
              Considering that the Rams are in St. Louis and Khad lives in Illinois, I don't think that its because the Rams play in St. Louis.
              It's a fair question for those not familiar with the geography. The answer is pretty simple. Southern Illinois and Central Illinois tend to connect more with St. Louis than Chicago. It's just a matter of proximity. Urbana is smack in the middle between St. Louis and Chicago. And for reasons known only to Khan, he has gravitated towards St. Louis. But it's not odd at all for a long-time central Illinoisian to follow St. Louis sports.

              And to answer the other question, I'm sure Khan became a Rams fan the exact same time as many of us from this area..........as soon as they announced they were coming to St. Louis.
              The more things change, the more they stay the same.

              Comment


              • #8
                Re: Bernie: More On Rams Sale & Shahid Kahn

                Hubison makes good points, but being from the state I'll elaborate on them.

                He's not a Chicago Bears fan because he doesn't live in Chicago.

                A large majority of the state that lives south of Chicago (starting probably close to the 2 hours away mark) really can't stand Chicago. It has extremely corrupt politics and it's well known by most of us that the state is run for Chicago, not for the state. This dislike of Chicago goes back a long time, starting probably when in the 1800s Chicago decided to divert all of its sewage down stream...

                Those who live in the southern half of the state like St.Louis over Chicago by default, generally speaking. Also it's a city you can go to and not feel lost or over charged for everything. I've been to both cities several times and I'd much rather be associated with St.Louis.

                I also put it this way. TV here *is* St.Louis TV. All ours news and local stations come from St.Louis. We see the same shows people in St.Louis see, including morning news programs. Add to that the fact that I can drive about an hour and go see a Rams game where as I'd have to drive 5 hours to see a Bears game and it's not that hard to figure out.

                He's farther away and probably gets Springfield TV, but St.Louis is still closer than Chicago, to say nothing of natural southern/central illinois hatred of Chicago and all things Chicago.
                "I've been saving the Universe for over a thousand years. I figure it owes me just this once."

                Comment


                • #9
                  Re: Bernie: More On Rams Sale & Shahid Kahn

                  Originally posted by Trevor View Post
                  Considering that the Rams are in St. Louis and Khad lives in Illinois, I don't think that its because the Rams play in St. Louis.

                  He is from st louis (as a child) and the majority of illinois (size wise) are STl sports fans. The bottom 2/3 of the state is really St Louis territory for the most part

                  Comment


                  • #10
                    Re: Bernie: More On Rams Sale & Shahid Kahn

                    Yes indeedy. Not all of us are from "chicago-land."
                    "I've been saving the Universe for over a thousand years. I figure it owes me just this once."

                    Comment


                    • #11
                      Re: Bernie: More On Rams Sale & Shahid Kahn

                      Originally posted by laram0 View Post
                      Good question. When he first came to the states he ended up in St. Louis and he has lived in Central Illinois for more than 40 years. So when he first came to the states our RAMS were in L.A.. As we all know the Cardinals were in St. Louis then.

                      I hope someone from the media asks him when, how or why he became a RAMS fan?

                      I have a similar (okay, sorta similar) story. I was born and raised in St. Louis. I moved to Los Angeles just before the Rams moved to St. Louis. I did not become a Rams fan until they were in St. Louis. It was because of the connection I had with the city that I gravitated towards the Rams.

                      Khan, as someone who lived in St. Louis for a while, has ties to that area and probably has good feelings as well. The move of the Rams to St. Louis made him attach to the team probably in the same way it did for me.
                      The Rams... Where dreams go to die.

                      Comment


                      • #12
                        Re: Bernie: More On Rams Sale & Shahid Kahn

                        Originally posted by BrokenWing View Post
                        Hubison makes good points, but being from the state I'll elaborate on them.

                        He's not a Chicago Bears fan because he doesn't live in Chicago.

                        A large majority of the state that lives south of Chicago (starting probably close to the 2 hours away mark) really can't stand Chicago. It has extremely corrupt politics and it's well known by most of us that the state is run for Chicago, not for the state. This dislike of Chicago goes back a long time, starting probably when in the 1800s Chicago decided to divert all of its sewage down stream...

                        Those who live in the southern half of the state like St.Louis over Chicago by default, generally speaking. Also it's a city you can go to and not feel lost or over charged for everything. I've been to both cities several times and I'd much rather be associated with St.Louis.

                        I also put it this way. TV here *is* St.Louis TV. All ours news and local stations come from St.Louis. We see the same shows people in St.Louis see, including morning news programs. Add to that the fact that I can drive about an hour and go see a Rams game where as I'd have to drive 5 hours to see a Bears game and it's not that hard to figure out.

                        He's farther away and probably gets Springfield TV, but St.Louis is still closer than Chicago, to say nothing of natural southern/central illinois hatred of Chicago and all things Chicago.
                        You hit this precisely on the head. Illinois does not mean Chicago people! There is in fact a great amount of land outside of Cook County.

                        Fox Sports Midwest shows all of the STL Cardinals games, and I get that on the Eastern Illinois/ Indiana border. Also I get the STL Post Dispatch at school in Charleston, which is a stones throw away from Champaign.

                        Not a big surprise him being a Rams fan, there is a large contingent of Illinois Rams Fans, especially after the GSOT times.

                        Comment


                        • #13
                          Re: Bernie: More On Rams Sale & Shahid Kahn

                          I am guessing that rams are indigineous to Pakistan and cardinals are not. Besides, who would win a steel cage match - a ram or a cardinal? See, you have to reason these things out.

                          Comment


                          • #14
                            Re: Bernie: More On Rams Sale & Shahid Kahn

                            Originally posted by AlphaRam View Post
                            I am guessing that rams are indigineous to Pakistan and cardinals are not. Besides, who would win a steel cage match - a ram or a cardinal? See, you have to reason these things out.
                            Unfortunately, the Ram cannot reach the Cardinal while the Cardinal can hover above the Ram and well....... you know...

                            Sorry, as a baseball Cardinals fan I have a bird in this race

                            Comment

                            Related Topics

                            Collapse

                            • 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
                            • Ramblin` Ram
                              Khan seeks to join exclusive club
                              by Ramblin` Ram
                              Shahid Khan seeks to join exclusive club as owner of the St. Louis Rams

                              BY JIM THOMAS
                              ST. LOUIS POST-DISPATCH
                              03/21/2010

                              By the end of May at the latest, Shahid Khan will learn whether he has gained admission into one of the wealthiest, most exclusive and, at the same time, most eclectic clubs in America as one of the 32 controlling owners of a National Football League team.

                              "It is kind of a strange group," said a league insider. "Very strange. You know the group."

                              It's a group that will convene Monday in Orlando, Fla., for the NFL's annual owners meetings, where Khan's bid to buy the Rams will be one of the items discussed.

                              Among the exclusive club of owners, there's the old guard, such as the Halas/McCaskey family, which has been involved with what is now the Chicago Bears since the inception of the NFL in 1920.

                              The Mara family founded the New York Giants in 1925, when Tim Mara (who was a bookmaker, among other things) and partner Billy Gibson bought the team for $500. The Maras have owned all or part of the franchise ever since.

                              The Cardinals franchise, now based in Arizona and led by the shy Bill Bidwill, has been in the Bidwill family since 1932. In Pittsburgh, the Rooney family founded the Steelers with a $2,500 purchase on July 8, 1933.

                              In Oakland, age is catching up with one of the league's all-time mavericks, Al Davis. He shows up for league meetings wearing either an all-white or all-black workout suit, now needing the use of a walker to get around. Then there's the frugal Mike Brown of Cincinnati, son of the late Paul Brown, a legendary coach and owner.

                              There's also a new group of owners who entered the league beginning with the last wave of expansion in 1995. Wayne Weaver of the Jacksonville Jaguars made his money in shoes, rising through the ranks of the St. Louis-based Brown Group Inc. Paul Allen of the Seattle Seahawks co-founded Microsoft with Bill Gates in 1976.

                              The Philadelphia Eagles' Jeffrey Lurie once was an assistant professor at Boston University. Steve Tisch, who owns half the New York Giants (the Mara family still owns the other half), may be the only person on the planet with a Super Bowl ring and an Academy Award (as co-producer of "Forrest Gump").

                              Many of the owners inherited their fortunes. Some made theirs from humble beginnings. After Arthur Blank and friend Bernie Marcus were fired by the Handy Dan home-improvement chain in California in 1978, they opened a couple of similar stores in 1979. Thirteen-hundred Home Depot stores later, Blank bought the Atlanta Falcons in 2002.

                              Maryland businessman Steve Bisciotti was only 39 when he bought 49 percent of the Baltimore Ravens in 2000. (He purchased an additional 50 percent of the team four years later.) When he opened his first business, the staffing...
                              -03-21-2010, 07:14 AM
                            • Bralidore(RAMMODE)
                              Racist Remark #1
                              by Bralidore(RAMMODE)
                              Although, I hate to link to a lot of the various hate across the internet, this one involves the potential new Rams owner, Shahid Khan. “Conservative Commentator” Debbie Schlussel writes a blog post on her blog today about Khan. First and foremost, Debbie seems to be still upset and bitter that Rush Limbaugh was quickly shot down as a potential owner.
                              Not so with Khan, even though he’s had a number of questionable dealings with the IRS and tax problems. Normally those would be a problem with the NFL ownership committee. But maybe the NFL makes exceptions in the interest of Muslim affirmative action. Hey, it’s a good thing the football is no longer made of real pigskin, right?
                              So, lets see, Debbie first brings up the case of Khan’s issues with the IRS, which Bernie Miklasz of the St. Louis Post-Dispatch has explained as a disagreement between Khan and his tax accountant. Since we are in America and everyone is innocent until proven guilty, the Khan’s have said that they were under the impression that where they placed their money was legal. They paid the full amount to the IRS anyway and Miklasz says that the taxes will be no problem for the pending sale. So, “normally” these would not be a problem for the NFL owners, who haven’t even voted on Khan’s ability to join their ownership fraternity yet.
                              The fact that Debbie even insinuates that the Rams primary ownership group of Rosenbloom and Rodriquez chose Shahid Khan because he would be the first minority owner is ridiculous. Khan was chosen because he had enough money to purchase the full 100% of the Rams if necessary, is a Rams fan and is more than happy to keep the Rams in St. Louis.
                              More take down of Debbie Schlussel’s racist article after the jump.

                              And how does Debbie know that Shahid Khan is Muslim? Just because he lived in Pakistan until he was 16 years old? He could be Muslim, what does that have to do with anything about him owning the Rams franchise? It had nothing to do with him building a extremely successful international car parts company. Schlussel obviously has a personal vendetta against any person with any shade of brown skin who can say that they (or their ancestors) came from somewhere in the Middle East.
                              Like I said, conservative minority owners in the NFL–verboten; but Muslim tax cheats … YAY! Gee, I wonder if Mr. Khan will denounce HAMAS and Hezbollah. Actually, I don’t wonder because I know the answer: don’t bet on it. And the spineless NFL and its owners won’t have the guts to ask him, either.
                              What does Hamas and Hezbollah have to do with a business owner that lives in Champaign, Illinois and NFL football? Nothing. So, I’m sorry, Debbie Schlussel that your personal hero, Rush Limbaugh was quickly dropped from a possible ownership group, but Khan will be a great owner for the St. Louis Rams. Take your hate somewhere else, we don’t want it here.


                              --Courtest of Rams Gab...
                              -02-12-2010, 05:44 PM
                            • r8rh8rmike
                              St. Louis Rams' New Owner Offers Hope
                              by r8rh8rmike
                              St. Louis Rams' new owner offers hope

                              Sports Columnist Bernie Miklasz
                              ST. LOUIS POST-DISPATCH
                              02/12/2010


                              The pending sale of the Rams to Shahid Khan is cause for optimism. Khan represents the classic American success story. It's the kind of story that's made America so great. It's the kind of story that we traditionally root for, and point to, with pride.

                              Born in Pakistan, Khan arrived in the U.S. in 1967. He was a teenager then, and St. Louis was Khan's landing spot, his first stop on American soil. Khan went on to earn an engineering degree at the University of Illinois. He married his college sweetheart. He built a successful career and a blissful personal life in America's heartland, living in the Champaign-Urbana, Ill., area for more than 40 years.

                              And that bodes well for St. Louis and the Rams' future in our town. Khan has roots in this region. He didn't take his fortune and move to Malibu, Napa Valley, Aspen, the Hamptons or some other trendy spot. Khan remained in the Midwest. And that gives us a legitimate reason to believe he'll want to keep an NFL team in St. Louis.

                              Khan is a football fan. He has a luxury suite at Illinois home games. Khan has helped Illinois football coach Ron Zook by giving Zook use of Khan's private jet for recruiting trips. He's been generous in his support of academic and athletic programs at Illinois. ShopSTL Marketplace

                              America's Center & Dome / Annual Saint Louis Boat & Sport Show

                              In an interview with Mike Owens of KSDK-TV and Marc Cox of KMOV-TV, Zook praised Khan as "a competitor and a winner. He's a very successful man. He's been very successful in everything he's done and there's no reason to think he won't be successful in the National Football League."

                              As a bonus, Khan is a Rams fan. He's made that Sunday trip from Central Illinois to attend games at the Edward Jones Dome. Like you, Khan has watched the Rams at their best, and he has seen the Rams at their worst. And that's valuable. Khan figures to have a handle on what needs to be done to pull the Rams from the ditch.

                              Provided that there are no glitches or unforeseen problems — and Khan still must gain clearance from NFL owners — he'll be in position to make a positive impact on the franchise.

                              And I give lots of credit to Rams majority owners Chip Rosenbloom and Lucia Rodriguez. From the beginning, Rosenbloom told me he would strive to sell the team to someone who wanted to keep the Rams in St. Louis. Someone who, at least from what we can tell, has a favorable view of the city.

                              Khan fits that description. And his presence is timely; no wealthy individuals from the immediate St. Louis community stepped up to make a bid to become the majority owner, so Khan can save the day.

                              OK, now that we've covered the pleasantries, let's switch gears....
                              -02-11-2010, 08:55 PM
                            • 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
                            Working...
                            X