Rams Plan New HQ After Owner Buys $325M L.A. Property

The owner of the Los Angeles Rams has purchased another piece of real estate, which will serve as the location of a new team headquarters and practice fields. 

Stan Kroenke — whose net worth is $12.9 billion, per Forbes — has purchased an outdoor shopping mall in the Woodland Hills neighborhood of Los Angeles for $325 million. 

Kroenke’s latest real estate investment follows his purchase of an indoor mall in March for $150 million and a building in June next to a plot of land he already owns for $175 million.  

• Kroenke plans to turn one of his new properties into a 34-acre practice field and team headquarters.
• The facility could be surrounded by a commerce area, which may include hotels.
• Costs associated with the development could reach at least $1 billion.
• Kroenke also owns the Denver Nuggets, Colorado Avalanche, Colorado Rapids, and Arsenal.

A new team headquarters for the Rams comes after Kroenke opened SoFi Stadium in September 2020. The $5 billion stadium — which is also home to the Los Angeles Chargers — is the NFL’s largest venue.

Costly Move 

In October, NFL owners unanimously voted to approve a plan for Kroenke to cover the majority of costs associated with an $820 million settlement regarding the Rams’ move from St. Louis in 2016.

Teams

| by Owen Poindexter

The L.A. Rams Relocation Case Is Closed

NFL owners have determined how to pay for the Rams relocation.

October 23, 2022

The NFL’s 31 other owners have already paid $220 million of the settlement after the league gave each team roughly $7 million from national revenue payouts.