Little Texan
10-14-2009, 02:30 AM
Limbaugh and Checketts Hope to Buy Rams
By THE ASSOCIATED PRESS
The lowly Rams have someone who loves them.
The conservative talk radio host Rush Limbaugh said Tuesday he was teaming with the St. Louis Blues owner Dave Checketts in a bid to buy the Rams, owners of the N.F.L.’s longest losing streak at 14 and just 5-31 since 2007.
In a statement, Limbaugh declined to discuss details, citing a confidentiality agreement with Goldman Sachs, the investment firm hired by the family of the former Rams owner Georgia Frontiere to review assets of her estate, including the team.
“Dave Checketts and I have made a bid to buy the Rams and we are continuing the process,” Limbaugh said.
Forbes magazine has estimated the Rams franchise has a value of $929 million.
Frontiere’s children, Chip Rosenbloom and Lucia Rodriguez, inherited 60 percent of the Rams when their mother died in January 2008. The billionaire Stan Kroenke owns the remaining 40 percent. It was not clear if the Limbaugh/Checketts bid was for 100 percent of the Rams or just the share owned by Rosenbloom and Rodriguez.
Limbaugh is a native of Cape Girardeau, Mo., about 100 miles south of St. Louis.
By THE ASSOCIATED PRESS
The lowly Rams have someone who loves them.
The conservative talk radio host Rush Limbaugh said Tuesday he was teaming with the St. Louis Blues owner Dave Checketts in a bid to buy the Rams, owners of the N.F.L.’s longest losing streak at 14 and just 5-31 since 2007.
In a statement, Limbaugh declined to discuss details, citing a confidentiality agreement with Goldman Sachs, the investment firm hired by the family of the former Rams owner Georgia Frontiere to review assets of her estate, including the team.
“Dave Checketts and I have made a bid to buy the Rams and we are continuing the process,” Limbaugh said.
Forbes magazine has estimated the Rams franchise has a value of $929 million.
Frontiere’s children, Chip Rosenbloom and Lucia Rodriguez, inherited 60 percent of the Rams when their mother died in January 2008. The billionaire Stan Kroenke owns the remaining 40 percent. It was not clear if the Limbaugh/Checketts bid was for 100 percent of the Rams or just the share owned by Rosenbloom and Rodriguez.
Limbaugh is a native of Cape Girardeau, Mo., about 100 miles south of St. Louis.