The Rams have announced that owners Chip Rosenbloom and Lucia Rodriguez have entered into a signed agreement to sell the team to Illinois-based auto-parts manufacturer Shahid Khan, pending league approval.
“Lucia and I are happy and proud to welcome Shahid Khan to the Rams family,” Rosenbloom said. “He is a man of achievement who we believe can make a great contribution to the National Football League.”
The 55-year-old Khan is the president of Flex-N-Gate Corp., an auto-parts manufacturer based in Urbana, Ill.
League sources told the St. Louis Post-Dispatch that Khan will purchase the 60 percent of the team owned by siblings Rosenbloom and Rodriguez, who inherited the franchise from their late mother, Georgia Frontiere, in early 2008. The transaction is subject to NFL rules, including approval by league owners, and the rights of Stan Kroenke's entity as a Rams partner.