Supreme Court Provides Kroenke With Leverage

May 25, 2010   ·   Armen Dacity   ·   Jump to comments

On May 24, 2010, the United States Supreme Court ruled in American Needle, Inc. v. NFL, et al. that the NFL, a collection of 32 separate businesses, is not immune from the coverage of the anti-trust law.
 
One day later, the St. Louis Post-Dispatch’s Jim Thomas published an article reporting that Stan Kroenke is gaining ground in his bid to buy the Rams, quoting Saints owner Tom Benson as stating that, “Everybody wants him as an owner.”
 
Coincidence?
 
I don’t think so.
 
Thomas’ article also suggests that the cross-ownership concerns will likely be resolved through an agreement that would provide Kroenke a grace period to address the issue. 
 
This type of solution was previously employed when Wayne Huizenga purchased the Miami Dolphins.  According to Thomas’ report, Kroenke might receive an even longer period of time to transfer ownership of his Denver fr...

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