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Is Dave Checketts a serious bidder for the St. Louis Rams?

The decision by Dave Checketts to drop Rush Limbaugh from the group of investors he had assembled in an effort to buy the St. Louis Rams makes me wonder about Checketts' ability to buy the Rams in the first move.

Does he have the money or not? Was it that easy to replace whatever cash Rush brought to the table? And if the share Rush planned to buy was small, why risk bringing him on board in the first place? Did you not think Rush Limbaugh would attract any controversy? He could be a damn genius too.

What is my intuition telling me about Checketts?