For Sale: St. Louis Rams

Sunday, May 31, 2009

The Rams franchise which currently calls St. Louis its home, will be put up for sale as soon as Tuesday of this week. Majority shareholders Chip Rosenbloom and Lucia Rodriguez, children of late Georgia Frontiere, inherited her stake in franchise after she past away in early 2008. As posted in the St. Louis Post-Dispatch this morning, Bernie Miklasz writes that it has been rumored that Rosenbloom and Rodriguez have retained ther services of Goldman-Sachs to assist with the sale and complex financial details that stem from a sale of this type. Miklasz also mentioned that once up for sale, the franchise will be sold without any pre-conditions -or- "no strings attached", which means that any potential buyer will not be required to remain in St. Louis and would be free to move the franchise to any venue approved by the NFL. Sirius Radio's NFL Network's Jim Miller mentioned that this may be the beginning of the Rams moving to the Los Angeles area. While many in St. Louis are hoping that the team stays local, an estimated value of $929 million from Forbes magazine will puts a steep price on the franchise and at this point the Rams remaining in St. Louis is about 50/50; expect to hear a lot more about this in the coming weeks.