• Loading stock data...
Monday, November 4, 2024
The Best Employers in Sports survey is open through Nov. 6 Learn More

The L.A. Rams Relocation Case Is Closed

  • NFL owners reached an agreement to cover the $820 million legal bill from the Los Angeles Rams relocation from St. Louis.
  • Owner Stan Kroenke will foot most of the bill, but be partially repaid over time.
Stan-Kroenke-Los-Angeles-Rams
Kirby Lee-USA TODAY Sports

The Rams’ move from St. Louis to Los Angeles is going to cost every team in the league.

NFL owners unanimously supported a plan in which Rams owner Stan Kroenke covers most of the bill but is partly repaid over the next three decades, according to Sports Business Journal.

  • The total charge comes to around $820 million — $790 million for a settlement with the city of St. Louis and $30 million in legal fees.
  • The other 31 owners have already chipped in $220 million after the league gave each team around $7 million from national revenue payouts.
  • Kroenke owes the league $320 million in March and an additional $283 million in five years. He’ll be able to recover the second payment over 30 years by hanging onto revenue from home games normally shared with the visiting team.
Stan-Kroenke

NFL Owners To Seek $571M from Rams Owner

NFL owners are reportedly voting that Stan Kroenke must pay $571 million.
October 18, 2022

The repayment will be through the league’s G4 financing program, which is also being employed by the Buffalo Bills for their new stadium. The Rams will not be able to use the funds for stadium upgrades while they are still claiming repayments.

SoFinancing

The arrangement allows Kroenke to leverage his massive investment in the Rams’ (and Chargers’) SoFi Stadium, which he privately financed to the reported tune of $5 billion.

The stadium is the NFL’s largest venue.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Oct 30, 2024; New York, New York, USA; New York Yankees pitcher Gerrit Cole (45) reacts after a play during the fifth inning against the Los Angeles Dodgers in game five of the 2024 MLB World Series at Yankee Stadium.

Gerrit Cole Reverses Opt Out, Stays With Yankees. What’s Next?

Discussions will now start on a potential contract extension to finish his career in New York.

New Era, New Chaos? New CFP Team Rankings Explained

The new College Football Playoff system’s complexities might confuse some college football fans.

Super Bowl Ads Sell Out Three Months Early, at Record Price

Ad units are believed to be selling at more than $7 million per 30 seconds.

Saints Fire Dennis Allen: NFL’s Coaching Carousel Spins Early

The now-former Saints coach was in the third season of a four-year contract.
podcast thumbnail mobile
Front Office Sports Today

Surprising Start to MLB’s Offseason

0:00

Featured Today

Vanderbilt Commodores fans head to the south end zone as the goal post is taken down by exuberant fans after beating No. 1 Alabama 40-35 at Vanderbilt Stadium in Nashville, Tenn., Saturday, Oct. 5, 2024.
opinion

Something New in College Football This Year: Parity

Upsets, surprises. CFB is more fun on the field than the NFL.
Sep 28, 2024; Tuscaloosa, Alabama, USA; GOP Presidential candidate Donald Trump waves flanked by former Georgia Bulldogs player Herschel Walker, recording art Kid Rock, professional golfer John Daily, Alabama senators Tommy Tuberville (R) and Katie Britt (R) during the second half of the game between the Alabama Crimson Tide and the Georgia Bulldogs at Bryant-Denny Stadium.
November 1, 2024

Mission Swing State: College Football’s Political Advertising Battle

Trump, Harris, and the PACs that support them are utilizing the sport.
October 31, 2024

The Untapped Revenue ‘Powder Keg’ of Women’s NFL Fandom

There’s a “boatload” of money at stake for brands and the league.
Donald Trump holding a basketball in the White House
October 30, 2024

Mavericks Owner’s $100 Million Trump Donation Dwarfs All Other Sports Owner Political Giving

Dr. Miriam Adelson is one of the most powerful donors in U.S. politics.
May 22, 2024; Minneapolis, Minnesota, USA; Minnesota Timberwolves minority owners Marc Lore and Alex Rodriguez look on in the second half against the Dallas Mavericks during game one of the western conference finals for the 2024 NBA playoffs at Target Center.

A-Rod, Lore Deposit $940M As Wolves Ownership Hearing Nears

Rodriguez and Lore made a large escrow deposit in advance of a key upcoming arbitration hearing.
Feb 13, 2023; Beverly Hills, CA, USA; Disney CEO Bob Iger arrives at the 95th Oscars nominees luncheon at the Beverly Hilton in Beverly Hills, Calif. on Monday, Feb. 13, 2023.
October 21, 2024

Bob Iger’s Successor Won’t Be Named Until 2026

Iger’s current contract expires at the end of 2026.
October 22, 2024

Dude Perfect CEO’s Task: Make the Dudes a Media Company

Dude Perfect’s new CEO wants fans to be able to experience the brand in person.
Sponsored

World Series Delivers High-Demand Marquee Matchup

The hype around the World Series matchup drove ticket prices to record levels—but the Dodgers’ dominance quickly quieted the fervor.
August 28, 2024

New York First: Yankees and MSG Go All In on Live Sports Streaming Pact

The YES Network and MSG Networks will offer their content in a combined streaming app.
August 28, 2024

ESPN’s Pitaro: RSN Turmoil An Opportunity to Expand Local Game Coverage

ESPN chairman Jimmy Pitaro highlights a fast-developing regional content strategy.
August 26, 2024

NFL Ready to Break New Ground With Historic Private Equity Investment

The league is poised to make official a long-awaited embrace of private equity.
August 19, 2024

NFL Private Equity Could Be Approved Before Season

No minority franchise stake sales have been publicly announced this year.