FanPost

Rams For Sale...This is no Joke!

Read for yourself, This just in this morning's Post-Dispatch:

http://www.stltoday.com/sports/rams

http://www.stltoday.com/stltoday/sports/columnists.nsf/berniemiklasz/story/E76D1319278A6843862575C70010D605?OpenDocument

In Bernie Miklasz's column this morning Bernie, and I quote:

After inheriting control of the Rams in early 2008 from their late mother, Georgia Frontiere, Rosenbloom and Rodriguez have concentrated on reorganizing the football operation. And they've had to deal with complex estate-tax issues in the aftermath of their mother's death.

With substantial progress made in those areas, the timetable for a sale has moved up.

Two sources with direct knowledge of the situation told the Post-Dispatch on Saturday that Rosenbloom and Rodriguez have retained the services of Goldman Sachs, the prominent investment banking firm.

The owners will ask Goldman Sachs to help facilitate the sale of the Rams by evaluating bids and soliciting potential buyers.

The sale price is unknown, but Forbes magazine's most recent estimate listed the Rams' value at $929 million.

Can't say that I'm flabbergasted, but Oh, Wow!  The horns could be leaving St. Louis!

I hate to be the bearer of ill tidings but this is not good, not good.

Go Rams!

[Note by VanRam, 05/31/09 9:59 AM EDT ] Remember, the Rams are contractually obligated to remain in St. Louis through 2015, when they reach an out clause in their lease with the Ed Jones Dome. Could they move after that? It's very possible, but much will depend on who the buyer is. You have to remember too, that the economy is terrible, and coming up with roughly $600 million to buy Rosenbloom and his sister's 60% share might not be the most attractive option with so many investments dried up. Then again, people that play at that level financially can find a way if they want. I'm anxious to know if the CBA situation will hurt interest in purchasing the team too. 

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