It appears that the sale of the St.Louis Rams will finally be taking place. According to published reports, Urbana, Illinois businessman Shahid Khan has a signed agreement to buy Chip Rosenbloom and Lucia Rodriguez's 60 percent stake in the team.
The story from STLToday.com RIGHT HERE
((Shahid Khan photo and illustration//Courtesy: St. Post-Dispatch))
Khan, who made his fortune as an auto-parts manufacturer, won't have 100% of the team. Billionaire Stan Kroenke still owns the other 40% as of right now. According to the report, Khan has the wherewithal to purchase Kroenke's stake as well, it is just not clear if Kroenke wants to keep it or not. Kroenke is unable to be a majority owner due to the fact that he also owns the NBA's Denver Nuggets along with the NHL's Colorado Avalanche and the NFL does not permit cross-ownership. He does however have the right of first refusal to purchase the other 60% if he can divest in the Denver teams or get the NFL to waive the cross-ownership rules.
Khan, who has deep ties to the Illinois area is said to be a huge Rams fan with no desire to see them play somewhere else. Which may, potentially put a stop to the rumors of the team heading back to there original home in Los Angeles.
Enjoy the only appropriate video clip we could find for this story. Thanks You Tube:
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