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  • Diversity, money are key issues with Khan's Rams bid

    Per stltoday.com

    By Bernie...

    Now that Shahid Khan has signed off on a deal to purchase majority ownership of the Rams, it will be fascinating to watch how the NFL receives him.

    If approved by NFL owners, Khan would become the first minority owner in control of a franchise in league history.

    Khan, born in Pakistan, came to the U.S. in 1967 at age 16. He became a U.S. citizen, was educated at the University of Illinois, built a hugely successful auto-parts manufacturing company, raised a family and has lived in central Illinois for 40 years.

    But we're reminded that the NFL is a private club, with only 32 lead owners/members. That point was underlined in a story that appeared in Saturday's Post-Dispatch.


    This passage caught my attention: "As one observer familiar with the process emphasized, it's more than just a matter of money. Using the analogy of an exclusive tennis club, the observer said, 'Do you like him enough to invite him to join your club? And if so, can he afford to pay the dues?'''

    I think it's ridiculous that we're even having this discussion. But Khan's application certainly will be a matter of keen interest for those who want to see if the NFL is truly inclusive at the highest level.

    I believe NFL Commissioner Roger Goodell is a man of integrity. I would be absolutely shocked if Khan is treated less than fairly by the NFL or the owners. And if Khan's finances check out, he should be fine. (More on that later.) I would think the NFL would be proud to open the doors to its inner sanctum to Khan — an ambitious, self-made man who represents the American dream.

    After all, Goodell spoke out against popular radio talk-show host Rush Limbaugh when Limbaugh briefly partnered with Dave Checketts in a bid to buy the Rams.

    Indianapolis Colts owner Jim Irsay also denounced Limbaugh; Irsay happens to be a member of the NFL Finance Committee, which will review Khan.

    After taking Limbaugh to task for making "divisive" comments, Goodell was challenged by a member of Congress during an appearance on Capitol Hill.

    Goodell responded, in part, with this: "The NFL is about bringing people together, it's about unity and that we do not — we do not move toward divisive actions. And, in fact, our teams, I think, have demonstrated that both on and off the field. Nothing brings a team and a community together better than the NFL."

    The NFL received a "B" — its best grade ever — in the 2009 Race and Gender Report Card issued by the Institute for Diversity and Ethics in Sport (TIDES). The NFL had five minority general managers and six minority head coaches in 2009. But in its report, TIDES also pointed out that "no person of color has ever held majority ownership of an NFL team." And according to TIDES, no minority person ever has served as the president or chief executive officer of an NFL team.

    Will Khan be deemed acceptable? We would think so. In his news conference during Super Bowl week, Goodell addressed a question about the Rams' future in St. Louis.

    "We want to be in St. Louis," Goodell said.

    And so does Khan. So he should be a plus for league stability.

    But Khan shouldn't expect a free pass.

    He'll be subjected to the same financial scrutiny as any ownership applicant. And the NFL doesn't fool around. The NFL wants to see the money to make sure a new owner has sufficient wealth to run a franchise. If anything is out of line, the NFL will play hardball.

    I was covering the Dallas Cowboys for the Dallas Morning News when Jerry Jones bought the franchise, and he went through a difficult process to gain approval. On multiple occasions Jones was ordered to make changes in his deal, and his entrance to the NFL club was delayed.

    If Khan has any legitimate financial weakness, the league will find it. So if he lacks sufficient wealth, I wouldn't expect the NFL to wave him in.

    Khan also is embroiled in a tax dispute with the Internal Revenue Service. The IRS disallowed some tax shelters utilized by Khan and asked him to pay more taxes. Khan gave the IRS an additional $68 million but is appealing the decision. And he is suing the financial advisers who set up the tax shelters.

    This wasn't, and isn't, a criminal matter. It's just a beef over a rather large tax bill.

    Khan is haggling with the IRS — does it get any more "American" than that? And are we to believe that no NFL owner, at any time, has sparred with the IRS? Please. Heck, even the league has scrapped with the IRS.

    The NFL is a tax-exempt organization. (Yes, really.) A few years ago the IRS proposed new rules to require the NFL and many other tax-exempt entities to disclose more information, including salaries of "key employees."

    The NFL resisted and asked Congress for an exception. Ultimately, the NFL did comply with the IRS request.

    And the NFL isn't exactly opposed to tax shelters, either.

    To raise money for stadium projects, NFL teams have generated millions of dollars by selling personal seat licenses to fans. NFL teams use the money to contribute to the cost of building a new stadium. But the teams do not pay taxes on the PSL sales. According to the New Orleans Times-Picayune, the deals are structured so the PSL money is collected through tax-exempt government agencies.

    Peter Flaherty is the president of the National Legal and Policy Center, which wants the IRS to revoke certain tax exemptions. Including this one.

    "Is this a legitimate tax-exempt purpose? I don't think so," Flaherty told the Times-Picayune. "Joe Six-Pack doesn't think so."

    If Khan likes tax shelters, then he should fit right in with the NFL.

    On his nationally syndicated radio program, Limbaugh mentioned Khan's purchase of the Rams.

    "Congratulations to him," Limbaugh said. "He says he's a big Rams fan. He goes to the Edward Jones Dome constantly and appears to want to be a pretty hands-on owner, from what we've been able to figure out."

    Judging by those words, Rush Limbaugh seemingly approves of Shad Khan as the Rams owner.

    Will the NFL?

    This will be very interesting, indeed.

    -----

    It is interesting. I think it's amazing that he'll (hopefully) be the first minority NFL owner. It's about damn time if you ask me. I've said it a million times but who cares? It's pigmentation What does that have to do with anything?

    I take that back, it'll be a great day when we aren't using the word "minority" to identify anyone...However, this is a step in the right direction not only for the Rams but for sports and the progress of America as a society--the sooner racism is gone, the better.
    Always and Forever a fan of the St. Louis Rams

  • #2
    Re: Diversity, money are key issues with Khan's Rams bid

    the best way to get rid of racism and the like is to shut and stop talking about it...

    Stop patting the guy on the back because he's likely to become a minority owner, its probably more insulting than anything. The day when stuff like this doesn't make news is the day we'll truly have evolved beyond this...

    Comment


    • #3
      Re: Diversity, money are key issues with Khan's Rams bid

      I understand your sentiment...

      But it is news because he is the first "minority" to ever own an NFL team. I personally couldn't care less that what he looks like, as long as he helps our Rams in any way possible to become an elite team again.

      However, America is a place that still has never had a female leader and we finally just got one whose pigmentation doesn't reflect the sun. My point is, for America, it is a big deal. I'm not trying to argue or anything but to me this is quite relevant and important for our society.
      Always and Forever a fan of the St. Louis Rams

      Comment


      • #4
        Re: Diversity, money are key issues with Khan's Rams bid

        The Rams had the first black players, pretty fitting if they were to also have the first "minority" owner.

        Although i have to say i hate the word "minority" when used in this context
        @EssexRam_

        Comment


        • #5
          Re: Diversity, money are key issues with Khan's Rams bid

          Khan would not be the first minority owner. There have been several Jewish owners, including the late Carol Rosenbloom. Last time I checked, Jews are a minority in this country.

          Comment


          • #6
            Re: Diversity, money are key issues with Khan's Rams bid

            AL DAVIS...

            I don't know what the hell he is but there is only one of him in the world.

            Can't get any more minority than that.

            Comment


            • #7
              Re: Diversity, money are key issues with Khan's Rams bid

              I could care less about the specifics of his heritage. He pulled himself up from thre boot straps and made something of himself. Good for him. Now, the Rams seem to FINALLY be on the precipice of having an real owner since 1978!!! This is great news and we now are getting ourselves set up to turn this organization back to what it once was, long ago.

              Welcome Mr Khan, Now, after you are annoited, get your check book open and start becoming a force within that NFL club you have just entered and get us back to respectability. Soon. PLEASE!!

              Comment


              • #8
                Re: Diversity, money are key issues with Khan's Rams bid

                The guy is a billionaire engineer who has been in the US since he was a teenager, it's not like he just came from a small farming village in pakistan. I'm sure he'll fit right in

                Comment


                • #9
                  Re: Diversity, money are key issues with Khan's Rams bid

                  Originally posted by Varg6 View Post
                  I understand your sentiment...

                  But it is news because he is the first "minority" to ever own an NFL team. I personally couldn't care less that what he looks like, as long as he helps our Rams in any way possible to become an elite team again.

                  However, America is a place that still has never had a female leader and we finally just got one whose pigmentation doesn't reflect the sun. My point is, for America, it is a big deal. I'm not trying to argue or anything but to me this is quite relevant and important for our society.
                  America always makes it a big deal when involving a "minority"..

                  Comment


                  • #10
                    Re: Diversity, money are key issues with Khan's Rams bid

                    Wow, the NFL is a tax exempt entity. That's crazy. They are all about money and they have no business being tax exempt.

                    I don't think Khan being a minority should much make difference, if he fits the other requirements that the owners have in mind.

                    I wish I knew more about him. Exactly how long has he been a Rams fan and how many games has he been to? Why does he want to own a football team?

                    I am still not keen on the IRS millions, but I don't hang with people that have the kind of wealth that the NFL owners do. Maybe this is normal to them. Finding tax shelters and arguing with the IRS about high dollar issues.
                    sigpic

                    Comment


                    • #11
                      Re: Diversity, money are key issues with Khan's Rams bid

                      Here's what things would concern me when considering a potential owner for the Rams:

                      1. Can you truly afford the team?

                      2. Will you keep the team where it belongs in St. Louis?

                      3. Are you committed to doing whatever it takes to build the Rams into a team that not only St. Louis can be proud of, but a team that can be called a legacy?

                      4. Do you bleed blue & gold and plan on attending every home game and a good number of road games?

                      If the answers to all of these questions are yes, then I'd probably be happy with the new owner.

                      temp_4394_1467243487543_20
                      RAMS!

                      Comment


                      • #12
                        Re: Diversity, money are key issues with Khan's Rams bid

                        ^^ It sounds like he fit those criteria....

                        I think it really is quite amazing that we could have a true rams fan owning this team. he's been going to rams homes games before georgia even got sick. He's been tortured by this 6-42 record like we have... I can't imagine there's a fan who would want it turned around more then he does

                        Comment


                        • #13
                          Re: Diversity, money are key issues with Khan's Rams bid

                          Originally posted by helorm341 View Post
                          ^^ It sounds like he fit those criteria....

                          I think it really is quite amazing that we could have a true rams fan owning this team. he's been going to rams homes games before georgia even got sick. He's been tortured by this 6-42 record like we have... I can't imagine there's a fan who would want it turned around more then he does
                          so how long has he been a fan? 3 years, 4 years? Why would anyone pick the rams to follow during this slump? What does he really know about football?
                          sigpic

                          Comment


                          • #14
                            Re: Diversity, money are key issues with Khan's Rams bid

                            Bernie said that he has been going to games since 95 but it didn't sound like he was a serious fan right away. I don't think anyone really knows exactly when the switch got flipped. I imagine he'll give a more in depth story at the appropriate time...

                            But anyone who continued to go to games the past few years is a real rams fan. This team is the anti-bangwagon team. I think it's safe to say that anyone following the Rams right now is a diehard.

                            I imagine he knows just as much as you or I would about football, it'd be very hard to go to games/pay attention to the team for 16 years without learning it. Although, honestly I do not know

                            Comment


                            • #15
                              Re: Diversity, money are key issues with Khan's Rams bid

                              Just because someone wasnt born in the USA, doesnt mean they dont know football.
                              @EssexRam_

                              Comment

                              Related Topics

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                              • Varg6
                                Proposed Rams buyer has had IRS issues
                                by Varg6
                                Per Mike Florio...

                                The mere fact that Rams owners Chip Rosenbloom and Lucia Rodriguez have found a buyer for 60 percent of the franchise doesn't mean that the proposed buyer ultimately will acquire control of the team. Ultimately, 24 of the league's 32 owners must approve the transaction.

                                And there's already cause for concern regarding the viability of Shahid Khan's bid.

                                Howard Balzer of GlobeDemocrat.com reports that Khan and his wife have been investigated by the IRS for allegedly sheltering "hundreds of millions of dollars" from income taxes.

                                Last year, Khan and his wife reportedly paid roughly $68 million to resolve the claims, and the couple has since filed two lawsuits claiming that they were misled by financial advisers regarding the tax shelters.

                                As Balzer points out, legal proceedings in the cases will occur on March 23, just as owners are convening in Orlando for their annual meetings.

                                The impact, if any, on the approval process isn't known. But it's safe to say that the league will look closely into the situation before giving the green light to the transaction.

                                ----
                                -02-11-2010, 02:49 PM
                              • Nick
                                Rams' owners agree to sell team to Illinois businessman
                                by Nick
                                Rams' owners agree to sell team to Illinois businessman
                                Shahid Khan is owner of large auto parts corporation based in Urbana
                                By Howard Balzer
                                Thursday, February 11, 2010

                                The sale of the Rams took a major step Wednesday when the Globe-Democrat.com learned from sources close to the team that an agreement had been reached with Illinois businessman Shahid Khan to buy the team.

                                Khan is expected to purchase the 60 percent of the team which is owned by Chip Rosenbloom and his sister, Lucia Rodriguez. The total value of the team has been placed at between $725 and $750 million.

                                Rosenbloom would not comment on the report when reached by to the Globe Democrat late Wednesday.

                                It is not known whether Khan has any other partners, but he is believed to be prepared to purchase 100 percent of the team if 40-percent owner Stan Kroenke elects to sell his shares.

                                Khan is the president and owner of Urbana-based Flex-N-Gate Corporation (FNG), which has more than 9,500 employees at 48 manufacturing and nine product development and engineering facilities not only in the United States but four other countries. Company revenues are estimated at between $500 million and $1 billion annually.

                                The company has numerous products, according to its website, that includes large body and chassis structural assemblies; full bumper and fascia systems, brackets, receiver hitches; interior plastic panels and pillars; exterior trim components, running board systems; scissor and screw jacks, tools, spare tire hoists, hinges, checks, pedals, parking brakes, and latch systems.

                                Khan was an engineering student at the University of Illinois when he started working for FNG in 1970. He graduated in 1971 and helped develop a one-piece bumper starting in 1972. He stayed at FNG until 1978 when he started his own company. Two years later, he bought FNG.

                                A sale would have to gain approval of 75 percent of the league’s owners.

                                There is a question of how the owners will view tax issues Khan has had with the IRS. Over a period of several years, Khan and his wife Ann were investigated for allegedly sheltering hundreds of millions of dollars from income tax.

                                In January, 2009, Khan told The News-Gazette in Champaign-Urbana he and his wife paid about $68 million that was in dispute and added that he would seek to get the money back in litigation.

                                In fact, the Khans filed two lawsuits last July, claiming they were misled by financial advisers who knew the government was investigating similar tax shelters as being potentially illegal, but told the Khans what they were doing was legal.

                                Ironically, some motions in the cases are scheduled to be heard in Champaign County Circuit Court on March 23 at the same time NFL owners will be in Orlando for their annual meeting.

                                It is possible some in the...
                                -02-11-2010, 10:01 AM
                              • r8rh8rmike
                                Bernie: More On Rams Sale & Shahid Kahn
                                by r8rh8rmike
                                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...
                                -02-11-2010, 09:35 PM
                              • 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, 06:44 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, 09:55 PM
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