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Rams Owner Stan Kroenke Buys 60-Acre Land in LA

31 Jan

The St. Louis Rams could very well be going going, back back, to Cali, Cali.

This, after team owner Stan Kroenke confirmed his purchase of a 60-acre plot of land in Inglewood, California, which is located about 11 miles south of downtown Los Angeles.

There is major speculation that Kroenke wants to use that land to build the Rams a new stadium in Southern California.

After all, the Rams have quite the history in LA and were located there from 1945 until the end of the 1994 season.

NFL commissioner Roger Goodell doesn’t see Kroenke’s purchase as a possible step in his plans to bring the team to LA.

“Stan is a very large developer on a global basis. He has kept us informed of it. There’s no plans for stadium development,” Goodell said.

Make what you want about that.

The Rams have reportedly been attempting to make its current stadium, the Edward Jones Dome, a “first tier facility”, but have been denied in its efforts to secure public money for the necessary renovations.

That’s a potential reason why the team is trying to get out of its lease after the 2014 season.

Still, there are plenty of hurdles the team has to get through before a move to Los Angeles becomes reality that include getting approval from NFL owners, as well as a process like this taking in upwards of 16 months to complete.

The move though, would increase the value of the Rams from just under $900 million, to over $1 billion dollars making it one of the most valuables franchises in the NFL.

In today’s “money” age, that just may be too good to pass up.

 
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Posted by on 01/31/2014 in NFL

 

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