Connect with us

Los Angeles Rams

Rams Owner Stan Kroenke Paying Over $600 Million For Relocation



los angeles rams

Rams owner Stan Kroenke will likely be forced to reimburse the league for the remaining $571 million paid to the city of St. Louis over the organization’s relocation to the city of Los Angeles, according to ESPN’s Seth Wickersham.

Per the report: “NFL team owners are expected to approve a resolution Tuesday that will have Rams owner Stan Kroenke reimbursing the league for the remaining $571 million paid to St. Louis over the team’s relocation to Los Angeles, multiple owner and league executive sources told ESPN.”

The NFL paid the $760 million settlement with St. Louis, but wants Kroenke to reimburse the league for what it believes is the rightful share of the Rams, with other NFL organizations paying $219 in reimbursements.

“The settlement announced last year ended a 4½-year-old lawsuit filed in the wake of the Rams’ departure from St. Louis. Kroenke and the NFL had failed in bids to have the lawsuit dismissed or at least moved out of St. Louis, and courts were sympathetic to the St. Louis side’s effort to disclose financial information of team owners — rulings that hastened the push for a settlement.”

Since their move to Los Angles the Rams have made the playoffs four times, and the Super Bowl twice, winning a Super Bowl title in Super Bowl 56 when they defeated the Cincinnati Bengals.

Anthony DiMoro is the creator of Sports Rants and the CEO of Elite Rank Media. He is a former Contributor for Forbes and the Huffington Post where he covered sports, social media, and SEO. Anthony formerly hosted the 'Forbes SportsMoney Podcast'.