Showing posts with label bid. Show all posts
Showing posts with label bid. Show all posts

Wednesday, October 7, 2009

Talk show host Limbaugh and NHL owner Checketts plan to buy Rams

Although the St. Louis Rams is off to a 0-4 start in the National Football League season with a league-low 24 points and has lost 14 games in streak over two seasons, the team still has an estimated value of 929 million dollars. Both Conservative political radio talk show host Rush Limbaugh and National Hockey League club owner Dave Checketts are on a bid to buy the American football team.

After former owner Georgia Frontiere, who moved the Rams to her hometown, died last year, her children shared the Rams with billionaire Stan Kroenke, who also owns the NHL Colorado Avalance and NBA Denver Nuggets.

According to NFL rules, owner of other sport teams can own an NFL team in the same market as long as the owner does not own team in other markets, and that is why Kroenke can only held 40 percent of the Rams. Checkets would be able to take a majority stake because his Blues are based in St. Louis and the cross-ownership policy has not applied to soccer teams. What is more, if Checketts is to own the Rams, St. Louis fans who love rams jerseys all the same despite the losses, could stop worrying that the Rams could leave for Los Angeles, which is the Rams’ birthplace and has no NFL team now.