NFL Downplays Kroenke Land Purchase

ST. LOUIS (AP/KMOX)- A company tied to St. Louis Rams owner Stan Kroenke has purchased a prime piece of land in Los Angeles, amid speculation the NFL franchise is considering a return to the city it left for the Midwest nearly two decades ago.

Team officials on Friday provided a written statement confirming the recent purchase of a 60-acre site near the Forum indoor arena in Inglewood, Calif. The statement from Kroenke’s corporate side said no decision has been made and “we will look at all our options” with the land. The Los Angeles Times first reported the purchase.

The Rams can break their 30-year lease in St. Louis after the 2014 season under a deal that requires the dome remain among the top quarter of the 32 NFL stadiums.

Meanwhile, during his annual pre Super Bowl news conference on Friday, NFL commissioner Roger Goodell addressed the California real estate transaction, “He (Kroenke) has kept us informed of it. We are aware of it. There are no plans, to my knowledge, of stadium development.”

Goodell also had a message for Rams fans in St. Louis, “Instead of overreacting, we should make sure to do what’s necessary to continue to support the team locally, as the fans have done in St. Louis. We should make sure we do whatever we can to make sure that team is successful in the St. Louis market.”

Here’s the wording of the Kroenke Organizations statement issued on Friday: “As real estate developers, the Kroenke Organizations are involved in numerous real estate deals across the country and North America. While we can confirm media reports that we recently purchased land in Inglewood (California), as a private company we don’t typically discuss our plans for commercial or residential investments. We have yet to decided what we are going to do with the property, but will look at all options, as we do with all of our properties.”

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

Comments

One Comment

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS St. Louis

KMOX Podcasts
As Heard On KMOX

Listen Live