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Limbaugh, Checketts will bid for Rams

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Posted Oct. 07, 2009 @ 2:19 a.m.
By PFW staff

Conservative talk-radio host Rush Limbaugh has teamed up with St. Louis Blues owner Dave Checketts to make a run at buying the St. Louis Rams.

Following the death of Rams owner Georgia Frontiere in January 2008, investment firm Goldman Sachs has been reviewing the assets in her estate, including the Rams. Forbes magazine has valued the franchise at $929 million.

Frontiere's children, Chip Rosenbloom and Lucia Rodriguez, inherited a 60 percent majority interest in the team. Columbia (Mo.) billionaire Stan Kroenke owns the remaining 40 percent.

Limbaugh said that he and Checketts would operate the Rams if they were successful in their bid to buy the team, but he wouldn't say whether or not other partners would be involved.

The league has a cross-ownership rule that allows its owners to hold a majority interest in another sport as long as it is in the same market as the NFL club. Thus, Checketts' potential ownership of the Rams and the Blues wouldn't violate that rule. And, although he also owns Utah's Real Salt Lake in Major League Soccer, an NFL spokesman said that ownership in the MLS doesn't violate the cross-ownership rule.

On the other hand, Kroenke's ownership of the NBA's Denver Nuggets and the NHL's Colorado Avalanche would seem to prohibit him from seeking majority control of the Rams, unless he were to divest his interests in the basketball and hockey teams.

 

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Dionne_Y
I guess Dave Checketts have done the right thing booting a racist blowhard, Rush Limbaugh, from his investment group that's trying to bid for an ownership stake in the St. Louis Rams. Rush Limbaugh may be finding out that money doesn't buy everything. It also doesn't buy intelligence, because Rush Limbaugh is blaming liberals, not his racism and drug addiction. NFL players are even against him as an owner. Maybe that should have tipped him off, but then again, Limbaugh isn't exactly known for insightfulness, or intellect, or really doing anything positive for anyone on this planet. At least the Rams won't need <a rev="vote for" title="Rush Limbaugh Punted from Group Looking to Buy Rams" href="http://personalmoneystore.com/Personal-Loans/money-Loans/hard-Money-Loans/ ">hard money loans</a> to make Rush Limbaugh go away.

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