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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