Checketts has the will, not the cash, to buy the Rams
In response to the various recent articles regarding the fate of the St. Louis Rams, a league source tells us that the word on the street -- as in, literally, Wall Street -- is that Dave Checketts doesn’t have the money to buy the team.
More specifically, he has not been able to line up enough investors to buy the team. (It’s still not clear whether a sale would entail the 60-percent controlling interest in the franchise held by Chip Rosenbloom and Lucia Rodriguez, or whether the new owners also would have to buy the 40 percent held by Stan Kroenke).
Under league rules, the principal owner must own at least 30 percent of the franchise.
Regardless of whether the magic number for Checketts’ group is 60 percent, 100 percent, or something in between, the talk is that the numbers simply aren’t there -- and that they likely won’t be.