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I don't care how Kroenke gets it done.

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  • #1

    I don't care how Kroenke gets it done.

    Buy the Rams and get a waiver of the cross ownership rule....?

    Buy the Rams and sell his interest in Denver's NBA and NHL franchises....?

    Buy the Rams and sell them to his wife....?

    I don't care.

    However the deal gets done is fine with me. Kroenke and his wife are extremely deep pockets. Stan (who I believe would be running the ship regardless of who is technically the owner) is a sports fan who wants to win. Completing the deal will be good for the Rams.

    As far as the cross-ownership rule goes... again, I don't care. Frankly, I think its an unnecessary rule. I get that its supposed to protect the Broncos' interests but, seriously, what difference would it really make? Even if you think it would make a difference if Kroenke owned franchises in both St. Louis and Denver, the issue belongs to the Broncos, not the Rams.

    So just get it done, Stan. I don't care how.
    Tags: None
  • #2
    Re: I don't care how Kroenke gets it done.

    Since Georgia died i have been hoping that Kroenke winds up as the owner. I agree with av, i dont care how he gets it done. I do, however, care how long it takes, because i remain convinced that the longer the period of uncertainty drags on, the worse it will be for the rams (as would be true for any business in ownership limbo).

    I see no reason for commish to sit on this issue. It is what it is. The league should make a decision, seek a compromise or take some other action, because the league knows that the situation (status quo) is bad for everyone.

    As i have posted before, i would LOVE to see a copy of the sale agreement along with Khan's commitment letter from his lender. how long is khan's lender going to hang around with this type of uncertainty and what will hapeen to the pricing of the debt financing? Those are critical business questions impacting the situation.

    ramming speed to all

    general counsel

    Comment

    • #3
      Re: I don't care how Kroenke gets it done.

      I think the league likes to F the Rams over regardless of the matter. Seems like we always get the short end of the straw on everything. How hard is it to say yay or nay to such a silly rule?

      Why keep us in limbo this long? Letting Stan give controlling interest to his wife is perfect. It allows Stan to be the unofficial owner and it allows them to keep their stupid rule..

      Comment

      • #4
        Re: I don't care how Kroenke gets it done.

        I agree with Av and GC on getting it done. The longer it takes, the more distracting it is. I also think the "cross ownership" rule is an archaic device that should have been left behind in the last century. The league is long past having to worry about competing with baseball or basketball. They definitely stand on their own and shouldn't have to worry about any interference.

        Get it done so everyone can focus on what's important, hitting others and winning!
        "The disappointment of losing is huge!"

        Jack Youngblood

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        • #5
          Re: I don't care how Kroenke gets it done.

          While I share everyone's concern about this transition dragging on, I'm a little nervous about this wife thing. What happens if hubby gets hit by a bus; Georgia II ?

          Comment

          • #6
            Re: I don't care how Kroenke gets it done.

            Originally posted by Azul e Oro View Post
            While I share everyone's concern about this transition dragging on, I'm a little nervous about this wife thing. What happens if hubby gets hit by a bus; Georgia II ?

            GAH!! I hadn't thought of that. There's gotta be a way that we can make sure Kroenke does not go swimming in any body of water deeper than 6 inches.

            I've wondered for years over Carroll Rosenbloom's drowning incident. Just never sat well with me.


            WHAT SAY YE?

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            • #7
              Re: I don't care how Kroenke gets it done.

              Kroenke's hair and mustache have amazingly strange buoyancy properties that allow him to float for long periods of time... we should be good this time.
              "The disappointment of losing is huge!"

              Jack Youngblood

              Comment

              • #8
                Re: I don't care how Kroenke gets it done.

                Originally posted by MoonJoe View Post
                Kroenke's hair and mustache have amazingly strange buoyancy properties that allow him to float for long periods of time... we should be good this time.
                Exactly! In the event of a water landing, that rug may be used as a floatation device.
                The more things change, the more they stay the same.

                Comment

                • #9
                  Re: I don't care how Kroenke gets it done.

                  We may be in royalty if Stan's wife owns the Rams.

                  She is the daughter of the co-founder of Walmart.

                  Comment

                  • #10
                    Re: I don't care how Kroenke gets it done.

                    Originally posted by RockinRam View Post
                    We may be in royalty if Stan's wife owns the Rams.

                    She is the daughter of the co-founder of Walmart.

                    Yeah, a kingdom built on shoddy goods and sweat shop labor. My heart's swelling with pride...lol..

                    She'd probably outsource the team to cut labor costs....

                    Attention Walmart shoppers; our very own Rangoon Rams game is being shown in the TV department right now.Former head coach and current Walmart Greeter, Scott Linehan, will be demonstrating our new 42-device remote control and combination beer & Cheez Whiz dispenser during every 15 minute advertising break..

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                    • #11
                      Re: I don't care how Kroenke gets it done.

                      Originally posted by Azul e Oro View Post
                      Former head coach and current Walmart Greeter, Scott Linehan, will be demonstrating our new 42-device remote control and combination beer & Cheez Whiz dispenser during every 15 minute advertising break..
                      Woah woah, considering there were roughly seven plays in his playbook and he clearly couldn't teach Alex Barron to count past four, don't you think 42 devices is a bit of a challenge for our Scotty Boy? ;)

                      Comment

                      • #12
                        Re: I don't care how Kroenke gets it done.

                        Originally posted by Bar-bq View Post
                        don't you think 42 devices is a bit of a challenge for our Scotty Boy? ;)
                        I believe he was referring to a remote that could control 42 devices. Kinda the ultimate "universal" remote on steroids.


                        WHAT SAY YE?

                        Comment

                        • #13
                          Re: I don't care how Kroenke gets it done.

                          Originally posted by Bar-bq View Post
                          Woah woah, considering there were roughly seven plays in his playbook and he clearly couldn't teach Alex Barron to count past four, don't you think 42 devices is a bit of a challenge for our Scotty Boy? ;)
                          Haha! I enjoyed that

                          Comment

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                          • MauiRam
                            Will Kroenke make a sweetheart deal?
                            by MauiRam
                            By Jim Thomas
                            ST. LOUIS POST-DISPATCH
                            04/18/2010

                            Stan Kroenke's attempt to finesse the NFL cross-ownership rules may not involve a transfer of hockey and basketball teams in Denver to his family. But rather a sale — to his wife, Ann.

                            According to a couple of league sources that tactic could be Kroenke's best hope of getting the NFL to approve his attempt to purchase the 60 percent of the Rams currently up for sale by siblings Chip Rosenbloom and Lucia Rodriguez.

                            As wealthy as Kroenke is, he comes in second place at home. At $2.9 billion, he was ranked No. 342 on Forbes' most recent annual list of world billionaires. His wife, Ann, heiress to much of the Wal-Mart fortune, was ranked No. 297 at $3.2 billion.

                            So what happens if Ann Walton Kroenke "simply" writes a check for the Denver Nuggets NBA team and the Colorado Avalanche NHL team? How does the NFL react to that?

                            "Independent wealth means a lot," one league source said.

                            And that's what Ann Walton Kroenke has.

                            So at face value, that option might be more palatable to league owners than having Kroenke simply transfer ownership of the Nuggets or Avalanche to some combination of his wife, his son, Josh, or daughter, Whitney.

                            When asked if that would be an acceptable path, NFL senior vice president Greg Aiello replied: "I can't answer that question. It's not my question to answer. That's something that has to be decided by NFL ownership. And right now, they can't answer that because they don't know what he's proposing."

                            Even those close to Kroenke believe Kroenke has yet to decide on a precise path to finesse the cross-ownership rules.

                            But one avenue seems definitely closed: selling the Denver teams to an outsider. Whether it's sports properties or other business properties, Kroenke's history has been as a buyer and a keeper — not a seller of assets. And because he also owns the building the Nuggets and Avalanche play in — the Pepsi Center — it has proved to be a profitable setup.

                            If Kroenke sold the Nuggets and Avalanche to his wife, it appears he could maintain ownership of the Pepsi Center. There's nothing in the NFL's cross-ownership rules that would prevent him from keeping the venue. So that would make the purchase cheaper for his wife.

                            In 2000, just a few months after the St. Louis Rams defeated Tennessee in Super Bowl XXXIV, Kroenke purchased 93.5 percent of the Avalanche, Nuggets and Pepsi Center. The overall value of those assets at the time was $450 million.

                            It is a violation of the NFL's cross-ownership rules for Kroenke to own the Nuggets and Avalanche once he has controlling interest in the Rams. Kroenke already owns 40 percent of the Rams; he will own the full 100 percent of the team if he's successful in his bid to buy Rosenbloom's and Rodriguez's 60...
                            -04-18-2010, 12:20 PM
                          • AvengerRam_old
                            Kroenke Gaining Ground in Bid to Buy Rams
                            by AvengerRam_old
                            This is good news:...
                            -05-25-2010, 07:33 AM
                          • MauiRam
                            Kroenke waiting for move on Rams
                            by MauiRam
                            Bernie Miklasz bjmiklasz @post-dispatch.com 314-340-8192
                            ST. LOUIS POST-DISPATCH
                            06/14/2009

                            One of the more compelling aspects of the Rams' sale is the role of Stan Kroenke in the proceedings. Rams owners Chip Rosenbloom and Lucia Rodriguez, team insiders and other NFL executives and owners are wondering: what is Kroenke going to do? Is he going to make a play for control of the team? And if so, when?

                            Don't expect Kroenke to lay his plan out for us. He's staying underground on the Rams' front and not returning media calls. He's not about to give away any clues on his Rams' strategy.

                            Kroenke, worth an estimated $3 billion, is a busy sports mogul. He owns 40 percent of the Rams. He owns the NBA Denver Nuggets, the NHL Colorado Avalanche and the Pepsi Center in Denver. He owns the Major League Soccer franchise in Colorado and the stadium that houses the team. He is the majority shareholder (28.3 percent) of the prestigious Arsenal soccer club in the English Premier League. Kroenke owns a pro lacrosse team, an arena football team, and a Colorado-based cable-sports network.

                            And Kroenke's real-estate development company continues to prosper, making him one of the nation's wealthiest individuals according to Forbes magazine.
                            So does Kroenke want to buy the available 60 percent ownership block and challenge NFL rules that prohibit cross ownership? Or is he content to hang onto his 40 percent, oversee his other sports properties, concentrate on accumulating more Arsenal stock and avoid a skirmish with the NFL?

                            After speaking to a couple of Kroenke associates — sorry, no names — I think I have a general handle on his approach. But I can't be sure. Remember, this is the same Kroenke who made no noise about being interested in the Nuggets and the Avalanche, only to swoop in and buy them at the end of the process. Kroenke waited until the collapse of Bill Laurie's tentative deal for the teams, then made his move. And Laurie is Kroenke's brother-in-law, but Laurie knew nothing of Kroenke's intentions.

                            I believe Kroenke will sit and wait for others to make the first move.

                            It makes sense, because Kroenke has the right of first refusal on the Rams' sale. He can match any offer for the available 60 percent. By hanging back, Kroenke won't set the market and take the risk of bidding against himself to meet Rosenbloom's price. Instead, it's smarter for Kroenke to wait for another interested party to set the market, then react accordingly.

                            If another bidder makes an offer on the lower side, and the price is acceptable to Rosenbloom, then Kroenke can match the offer and get a relative bargain. He can save millions of dollars on the purchase. If Kroenke gets a great deal, then he may be more inclined to fight the league over that 60 percent.

                            And what if another bidder rushes in and pays whatever Rosenbloom-Rodriguez...
                            -06-14-2009, 11:26 AM
                          • MauiRam
                            Kroenke's silence might say a lot ..
                            by MauiRam
                            Bernie Miklasz
                            Sports Columnist Bernie Miklasz

                            ST. LOUIS POST-DISPATCH
                            04/15/2010

                            What a strange time to be a Rams fan in St. Louis. We're eight days away from the NFL draft, and the Rams hold the first choice. They're probably going to choose talented Oklahoma quarterback Sam Bradford, a good guy with an accurate arm who can become the new face of the franchise and a symbol of hope.

                            After three seasons of 6-42 football, this should be a time of looking ahead to better, happier days. But as usual, Rams fans are left to wonder what's going on. The glimpse into the future is hazy. An unsettled, uncertain ownership situation has put the franchise in turmoil. And that's unfortunate.

                            The concern is that the football operation is limited and unable to spend money and make moves because of the uncertainty at the very top of the franchise. If Chip Rosenbloom and Lucia Rodriguez are selling their 60 percent to Stan Kroenke or Shahid Khan, then haven't they already checked out?

                            "Nothing could be further from the truth," said Kevin Demoff, the Rams' chief operating officer. "We're making football decisions based on what's best for the Rams in the short term and the long term. We presented an offseason game plan to Chip and Lucia, and they agreed to it. Nothing has changed. There are no constraints. They are actively involved."


                            The purpose here isn't to beat up on Rosenbloom and Rodriguez. They've made a genuine attempt to give the franchise a fresh start by installing new football leadership. And they have improved the dysfunctional culture at Rams Park.

                            Moreover, the Rosenblooms were determined to sell to pro-St. Louis interests. They thought they had a good buyer in Khan, the central Illinois businessman who lives within an easy drive from St. Louis. After entering into a purchase agreement with the Rosenblooms, Khan immediately conveyed his pro-St. Louis sentiment and indicated that he wanted to keep the team here.

                            But Rams minority ownership partner Stan Kroenke cut off Khan's bid by exercising his contractual right to buy the 60 percent owned by Chip and Lucia. Kroenke must persuade the NFL owners to change their cross-ownership rules to accommodate him.

                            And what if Kroenke succeeds? It's widely assumed that Kroenke would be pro-St. Louis with the Rams. He's a Missouri native. A multi-billionaire and highly successful real-estate developer, Kroenke does business throughout the state. He has family here. He has a residence in Columbia, Mo. And he helped bring the Rams here from Los Angeles in '95.

                            That said, something struck me as odd the other night when Kroenke disclosed his intentions to buy the Rosenbloom-Rodriguez shares. In his statement, Kroenke said nothing about wanting to keep the team in St. Louis. There was no expression of thanks offered to Rams fans for...
                            -04-15-2010, 09:09 AM
                          • MauiRam
                            Kroenke plays it close to the vest ..
                            by MauiRam
                            BY JIM THOMAS
                            ST. LOUIS POST-DISPATCH
                            03/23/2010

                            ORLANDO, FLA. — The day's business concluded, Stan Kroenke walked out of the NFL owners' meeting room Monday evening with Rams senior consultant John Shaw at his side.

                            About the last person Kroenke wanted to see in this venue was a reporter. He has always been what's best described as media shy — and that's particularly the case now that Urbana, Ill., businessman Shahid Khan has entered into an agreement to purchase controlling interest in the Rams.

                            So what will Stan do? Buy, sell or stand pat? Kroenke didn't tip his hand Monday, saying he continues to consider his options.


                            "We're all talking about our different approaches here, trying to come up with the best approach for everyone involved, I think," Kroenke said.


                            He also indicated that he will take the full 60 days, or very close to it, to decide what to do.

                            "I think that it's prudent to think through your options," Kroenke said. "These are big decisions. We're going to try to do the right thing."

                            Kroenke said he really couldn't say anything more until the process plays itself out.

                            Kroenke currently owns 40 percent of the Rams. He can decide to:

                            — Stand pat and maintain his 40 percent share of the Rams.

                            — "Cash out" and sell his 40 percent share.

                            — Exercise his right of first refusal, in essence matching Khan's offer for the team.

                            In reality, Kroenke probably has only two options: maintain his 40 percent share or sell it. Because in pretty strong language Monday, NFL Commissioner Roger Goodell indicated that the league wasn't inclined to bend its cross-ownership rules to allow Kroenke to match Khan's offer.

                            "Let's cross that bridge when we get to it," Goodell said. "But I don't think so. I think everyone understands we're going to respect our policies and make sure we treat everyone the same.

                            "We have great respect for Stan, and he has to make some choices. But he also understands the league wants to continue to have policies that we think are beneficial to the league in general and fair to all 32 clubs."

                            The cross-ownership rule prevents owning a controlling share in an NFL team in one market while owning majority interest in another major-league team (baseball, basketball, hockey) in a competing NFL city.

                            Kroenke owns the Denver Nuggets of the National Basketball Association and the Colorado Avalanche of the National Hockey League.

                            As part of Khan's Rams sale agreement Feb. 12, Kroenke has 60 days to declare his intentions with respect to Rams ownership. April 12 is three weeks away, so the time for making a decision is drawing near.

                            The "vetting" of Khan and the entire sales...
                            -03-23-2010, 09:50 AM
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