Sunday, May 31, 2009

Latest on potential Rams sale

As always, Bernie Miklasz is on top of things and keeping everyone informed as best he can. Here is his latest take. A lot of scenarios could play out. Although it is way too early to panic, I am still very concerned about the Rams leaving St. Louis because:
  1. No one local has shown even the slightest interest in buying the team
  2. The NFL will not allow minority owner Stan Kroenke to buy a majority share because he also owns the NBA's Denver Nuggets and the NHL's Colorado Avalanche. Kroenke is said to be very interested in taking over ownership of the Rams and has supposedly been lobbying the NFL to change it's rule about cross-ownership. The problem is that Kroenke owns 2 professional sports teams in the Denver area and, of course, Denver has the NFL's Broncos. League rules stipulate that an NFL owner cannot own other sports teams in a market that also has an NFL team. Miklasz reports that Kroenke has some owners on his side, but not nearly enough at this time and that it will be extremely difficult to get this rule overturned.
  3. The Rams stadium lease deal is a loser. It says that the Rams can break the lease if the Edward Jones Dome does not remain in the top 25% quality-wise of all the stadiums in the league. First of all, that's pretty vague language. Second of all, there have been so many new stadiums built since the EJ Dome that there is no way on earth it qualifies. The language in the lease says the Rams can next break the lease deal in 2014.
  4. St. Louis and Missouri as a whole is hugely conservative. The EJ Dome is pretty blah and will need to be replaced in 10-15 years. There is not going to be very much support to use tax payer money for a new stadium. Period. It is going to be an incredibly hard sell whenever the issue arises.
Please read Miklasz's take on the whole thing. It will clear up a lot of confusion and let you know where the chips lay as of now.

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