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Upton

(9,709 posts)
Thu Jan 26, 2012, 03:30 PM Jan 2012

Kroenke's Bid For Dodgers Implies Rams Are Headed To L.A.

Forbes 400 member Stan Kroenke is among those bidding for the Los Angeles Dodgers. Kroenke’s bid for the Dodgers was first reported by the Daily Mail and later confirmed by Forbes.

If the billionaire gets the MLB team then St. Louis can say adios to the NFL’s Rams, who have been in Kroenke’s control since August 2010 when he dolled out $450 million to buy the 60% percent share of the team held by Chip Rosenbloom and his sister, Lucia Rodriguez.

NFL rules prohibit an owner from having controlling interest in a major sports team outside of the football team’s market. Kroenke is the world’s biggest sports mogul, with controlling stakes in the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, MLS’ Colorado Rapids and the iconic English soccer club Arsenal. He also started his own regional sports network, Altitude Sports and Entertainment, for his teams in Denver. It is the likely strategy for whom ever buys the Dodgers to do the exact same thing with either Fox or Time Warner.
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Next Wednesday, Feb. 1, is the deadline for the St. Louis Convention and Visitors Commission to outline how it will transform the Edward Jones Dome into a “first-tier” stadium by 2015. If it fails to do so, the Rams can break their lease and bolt St. Louis after the 2014 season. I don’t see how the politicians think they can get taxpayers in a city that has never been a hot-bed for football, to agree to pony up the $50 million or so of taxpayer money that would be needed to make Edward Jones Dome among the league’s elite stadiums, especially since $24 million in public money from the state and city are already slotted to pay off the stadium’s debt through 2025. Even if Kroenke doen’t get the Dodgers, the fact that he is bidding for the team implies the Rams are bolting for L.A.

http://www.forbes.com/sites/mikeozanian/2012/01/26/kroenkes-bid-for-dodgers-implies-rams-are-headed-to-l-a/

It would appear if Kroenke gets the Dodgers, the Rams have to come along for the ride. I don't get this though.. If that's an NFL rule..how come it doesn't apply to his controlling stakes in the Nuggets, Avs, and Rapids? Aren't they in the Broncos market?

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Kroenke's Bid For Dodgers Implies Rams Are Headed To L.A. (Original Post) Upton Jan 2012 OP
Those Colorado teams are “controlled” by Kroenke's son, Josh. Auggie Jan 2012 #1
I see..thanks Upton Jan 2012 #2
That would be terrible for St.Louis football fans Auggie Jan 2012 #3

Auggie

(31,167 posts)
1. Those Colorado teams are “controlled” by Kroenke's son, Josh.
Thu Jan 26, 2012, 04:37 PM
Jan 2012

Read further down in the comments section.

Upton

(9,709 posts)
2. I see..thanks
Thu Jan 26, 2012, 06:35 PM
Jan 2012

looking a little further I found the specifics:

On August 25, 2010, he became full owner of the Rams by unanimous consent of the NFL. To gain approval from NFL owners, Kroenke agreed to turn over control of the Denver Nuggets and Colorado Avalanche to his son, Josh, by the end of 2010, and he must give up his majority stake in both teams by December 2014. The NFL does not allow its owners to hold majority control of major league teams in other NFL markets

http://en.wikipedia.org/wiki/Stan_Kroenke#Kroenke_Sports_Enterprises

Auggie

(31,167 posts)
3. That would be terrible for St.Louis football fans
Thu Jan 26, 2012, 08:22 PM
Jan 2012

I don't want to lose the Raiders, but if they went to L.A. at least the Bay Area would still have a football team.

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