Rams headed out of STL?

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  • SBR Lou
    BARRELED IN @ SBR!
    • 08-02-07
    • 37863

    #1
    Rams headed out of STL?

    Sports Biz Journal

    Being an NFL team owner is often described as one of the country’s most exclusive memberships.

    Now, after seeing only three team sales this decade, a trio of clubs simultaneously find themselves potentially ready to change hands, underscoring that the bear market and credit crisis have done little to dampen the allure of owning one of the league’s 32 teams. The possible sales also reflect the complications that can arise from the sharp increase in franchise values the NFL has enjoyed.

    The St. Louis Rams have hired an investment bank to find a group of possible buyers; the Jacksonville Jaguars are once again testing the market; and well-publicized infighting among the five Rooney brothers could imperil their family’s 75-year-ownership of the Pittsburgh Steelers.

    “The NFL is an incredibly strong league and continues to attract serious investment capital and lenders,” said sports consultant Marc Ganis, who has advised several NFL teams. “The NFL’s best days are still ahead of it, and the smart money understands that.”

    Or just into new ownership? A bit messed up to sell their mothers organization what, a year after her passing?
  • slacker00
    SBR Posting Legend
    • 10-06-05
    • 12262

    #2
    Move the Rams back to L.A.
    Comment
    • SBR Lou
      BARRELED IN @ SBR!
      • 08-02-07
      • 37863

      #3
      Report denied

      Originally posted by slacker00
      Move the Rams back to L.A.
      Looks like you'll have to wait a little longer for that bud.
      • Rams owner Chip Rosenbloom confirmed Monday evening that the team has hired a Baltimore firm that specializes in sports investments. But not, Rosenbloom insisted, for the reason that was reported earlier in the day.

        Rosenbloom said Moag & Co. is not seeking prospective buyers of the team, as the weekly SportsBusiness Journal reported, citing unidentified sources. Rosenbloom explained that Moag was employed to field the many inquiries that had been swamping him and Rams president John Shaw.

        "We finally said, 'You know what, this is not how we want to spend eight hours a day. We need somebody to handle them,'" Rosenbloom said. "It would be totally inaccurate to say (Moag) is searching for buyers. ...


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