Sunday, May 31, 2009

Report: Rams Could Soon Be Sold

Bernie Miklasz of the St. Louis Post-Dispatch writes that the St. Louis Rams will likely be put up for sale in the "near future", with majority owners Chip Rosenbloom and Lucia Rodriguez retaining the services of Goldman Sachs to help facilitate the sale, which contains no pre-conditions as far as keeping the team in St. Louis.

The Rams have an escape clause in their Edward Jones Dome lease that would allow them to relocate in a few years.
"The Rams' lease agreement with the St. Louis Convention and Visitors Commission stipulates that the Edward Jones Dome must be a "top-tier" facility that ranks among the top eight stadiums in terms of quality in the 32-team NFL by 2015.

If that top-level status is not met, the Rams would be able to opt out of the stadium lease following the 2014 season."
If a local ownership doesn't step up, the Rams could be the NFL's way back into the country's second-largest media market.

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