Welcome Guest

OT: Rams going Bankrupt? Part III

Posted on: May 20, 2020 at 20:16:16 CT
North co-co champs MU
Posts:
10979
Member For:
11.84 yrs
Level:
User
M.O.B. Votes:
0
https://www.stltoday.com/sports/columns/ben-frederickson/benfred-hey-commissioner-goodell-what-happened-to-that-hard-line-on-nfl-stadium-funding/article_d3e9c2ff-9343-5131-a9c2-ff3dbcb7c98f.html

In Part I it was described how Kroenke's stadium costs, relocation costs and legal liabilities is approaching $8-10 billion. For a franchise worth $3.8 and the new stadium already factored in via Forbes.

In part II of the entertaining legal saga, Kroenke recently asked the NFL for $500 million more in Relocation Loan assistance and twice the time to pay it back. This increases his NFL borrow to $700 million.

The NFL approved the $500 million loan, and for Part III, I refer to a brilliant deduction by Ben Frederickson of the STLPD that further cements St. Louis' legal case against the Rams/NFL.

IN Dec 2015 - The NFL rejected St. Louis' stadium financing proposal because the city had the audacity to ask for $300 million in NFL loan assistance, when their specific guidelines only allow $200 million. How dare you St. Louis!!!

Uh - oh... the NFL just violated their guidelines again, cause the Rams are now up to $700 million in Loan Assistance... $500 million more than allowed (per their own words) with twice the term to pay it back.

Thanks for the ammunition.

The NFL is in a no win situation. Deny the loan to Kroenke and it further puts the Rams into likelihood of BK. Approve the loan, and it almost guarantee's St. Louis' victory in the legal case.

Edited by North co-co champs at 20:17:15 on 05/20/20
Report Message

Please explain why this message is being reported.

REPLY

Handle:
Password:
Subject:

MESSAGE THREAD

OT: Rams going Bankrupt? Part III - North co-co champs MU - 5/20 20:16:16
     RE: OT: Rams going Bankrupt? Part III - Role Call MU - 5/21 11:51:16
          RE: OT: Rams going Bankrupt? Part III - North co-co champs MU - 5/21 12:19:30
     A lot of local Sports stations have a ton of audio/video of - ADelpiero10 MU - 5/21 07:03:47
          And that part that I love most is that the NFL can't.... - North co-co champs MU - 5/21 09:05:43
     Are you familiar with Chapter 11 of the U.S. Bankruptcy Code - ScottsdaleTiger MU - 5/21 00:19:08
          Are you familiar with commercial loan financing? - OntheMark MU - 5/21 12:45:18
               I am familar and I wouldn't bet there are personal guarantee - ScottsdaleTiger MU - 5/21 13:23:24
                    Kroenke and every NFL owner is a defendant in that suit - OntheMark MU - 5/21 20:32:35
                    Defendants in the lawsuit are - BigDave MU - 5/21 15:06:08
          I am. You aren't obviously. 10 pro sports teams have.... - North co-co champs MU - 5/21 07:52:14
               Let's just wait and see what happens, but I suspect - ScottsdaleTiger MU - 5/21 12:39:15
                    All the possible outcomes are delicious (nm) - North co-co champs MU - 5/21 12:48:20
     Everything about the Rams move - BigDave MU - 5/20 23:58:41
          Ultimate settlement: NFL offers ST. Louis.... - North co-co champs MU - 5/21 00:06:22
               Why in the world would anyone want the - Sarazen KC - 5/21 13:39:29
                    You must not be familiar with its long storied history (nm) - North co-co champs MU - 5/21 15:04:35
                         Won't happen but if it does Stallions as the Jags should - Erwin Fletcher STL - 5/21 19:29:46
               The NFL isn't ever coming back to St Louis. - Fred G. Sanford MSU - 5/21 08:15:25
               That's laughable - samclemens MU - 5/21 07:23:03
                    Never won anything but the only Super Bowl in team history - North co-co champs MU - 5/21 07:53:21
                    They won a Super Bowl - 615Tiger STL - 5/21 07:34:53
                         Not to mention the fact - BigDave MU - 5/21 08:30:31
     Kick his ass in court and do it before he dies please. He - Erwin Fletcher STL - 5/20 23:22:22
          The universe sometimes feels like a simulation, and this - North co-co champs MU - 5/20 23:43:35
     This ****er makes Charlie O. Finley and Walter O’Malley - Grant1818 MU - 5/20 21:09:45
     The only thing funny though is - Genco98 MU - 5/20 21:06:45
     Why can’t Kronke just spend money on Mizzou - BurgTiger MU - 5/20 20:46:24
          No thanks. - Grant1818 MU - 5/20 21:12:05
               He disgusts me, but why not accept a few MIL (or more)? - winslow MU - 5/21 18:29:34
          He's in the reboot of 'Can't Buy Me Love' - "you coulda - North co-co champs MU - 5/20 20:48:44




©2020 Fanboards L.L.C. — Our Privacy Policy   About Tigerboard