Wednesday, April 14, 2010
NFL: Kroenke not seeking exemption
DENVER -- Billionaire Stan Kroenke isn't asking the NFL to waive its cross-ownership rules in his bid to purchase the remaining 60 percent of the St. Louis Rams.
League spokesman Greg Aiello told The Associated Press on Wednesday that Kroenke "is not seeking a waiver of the rule. He has always said he would comply with our rules."
That means Kroenke will have to surrender his principal stake in the NBA's Denver Nuggets and the NHL's Colorado Avalanche to become majority owner of the Rams. Among the possibilities is handing control of those teams over to his 29-year-old son, Josh, a Nuggets executive.
Kroenke, who has owned 40 percent of the Rams since their move to St. Louis from Los Angeles in 1995, has declined to comment about his decision to buy the NFL team outright.
Kroenke Sports Enterprises released a statement saying the 62-year-old owner "and his family remain fully committed to Denver and each KSE-owned property."