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Stan Kroenke begins backing away from relocation indemnity agreement
Posted by Mike Florio
October 27, 2021, 2:05 PM EDT
St. Louis may be moving closer to a potential expansion team, if it wants one.
Earlier this month, we outlined the factors that could result in the league throwing up its hands and accepting defeat in the Rams relocation litigation. One key ingredient to that specific outcome will be Rams owner Stan Kroenke successfully reneging on his promise to foot the full bill for the lawsuit and judgment, if any.
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Kroenke reportedly blames the current legal issues on the competing proposal to build a Carson stadium for the Raiders and Chargers. The Carson proposal supposedly outlined the various ways that allowing the Rams to move to Inglewood would violate the terms of the league’s relocation policy. Kroenke believes that proposal provided a blueprint for the St. Louis suit.
ESPN Article :
a source close to kroenke says now that the rams owner believes that some of the legal issues arise from that email, and that after building the stadium and agreeing to house the chargers as a tenant for $1 a year, he shouldn't be responsible for all legal fees.
Jones and pash had a brief back and forth, and then jones asked pash if kroenke had tried to settle the lawsuit.
Pash replied that he had, sources told espn. Jones indicated that kroenke's settlement figure was billions of dollars. Pash refused to confirm the figure -- a source with direct knowledge of the situation told espn it was less than a billion -- but told those in the meeting that it was more than the net worth of some in the room.
Jones spoke and reminded his colleagues that Kroenke has been a good partner, engineering the league's return to Los Angeles after 22 years away and building a stadium that some involved in its construction refer to as "our $6 billion stadium."
Next came Kraft, who sources said seemed to speak for many in the room that Kroenke's position was unfair. He mentioned all the legal hassle that he had gone through. In 2016, he had served on a six-person LA committee. He argued that if providing financial records as a result of lawsuits would be a consequence of serving on league committees, it would dissuade other owners from wanting to be on committees and making consequential decisions for the league.
Raiders owner Mark Davis reminded the room that, in 2016, the LA committee recommended a rival Raiders-Chargers stadium project in Carson, California, by a 5-1 vote over Kroenke's project in Inglewood.
Mara spoke next and said Kroenke's change in position was ridiculous, and that if Kroenke had not agreed to indemnify the league, the owners wouldn't have voted for him to move. He said anyone who was in the room in Houston when the vote was taken would know that.
Posted by Mike Florio
October 27, 2021, 2:05 PM EDT
St. Louis may be moving closer to a potential expansion team, if it wants one.
Earlier this month, we outlined the factors that could result in the league throwing up its hands and accepting defeat in the Rams relocation litigation. One key ingredient to that specific outcome will be Rams owner Stan Kroenke successfully reneging on his promise to foot the full bill for the lawsuit and judgment, if any.
- clip -
Kroenke reportedly blames the current legal issues on the competing proposal to build a Carson stadium for the Raiders and Chargers. The Carson proposal supposedly outlined the various ways that allowing the Rams to move to Inglewood would violate the terms of the league’s relocation policy. Kroenke believes that proposal provided a blueprint for the St. Louis suit.
ESPN Article :
a source close to kroenke says now that the rams owner believes that some of the legal issues arise from that email, and that after building the stadium and agreeing to house the chargers as a tenant for $1 a year, he shouldn't be responsible for all legal fees.
Jones and pash had a brief back and forth, and then jones asked pash if kroenke had tried to settle the lawsuit.
Pash replied that he had, sources told espn. Jones indicated that kroenke's settlement figure was billions of dollars. Pash refused to confirm the figure -- a source with direct knowledge of the situation told espn it was less than a billion -- but told those in the meeting that it was more than the net worth of some in the room.
Jones spoke and reminded his colleagues that Kroenke has been a good partner, engineering the league's return to Los Angeles after 22 years away and building a stadium that some involved in its construction refer to as "our $6 billion stadium."
Next came Kraft, who sources said seemed to speak for many in the room that Kroenke's position was unfair. He mentioned all the legal hassle that he had gone through. In 2016, he had served on a six-person LA committee. He argued that if providing financial records as a result of lawsuits would be a consequence of serving on league committees, it would dissuade other owners from wanting to be on committees and making consequential decisions for the league.
Raiders owner Mark Davis reminded the room that, in 2016, the LA committee recommended a rival Raiders-Chargers stadium project in Carson, California, by a 5-1 vote over Kroenke's project in Inglewood.
Mara spoke next and said Kroenke's change in position was ridiculous, and that if Kroenke had not agreed to indemnify the league, the owners wouldn't have voted for him to move. He said anyone who was in the room in Houston when the vote was taken would know that.
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