Blogs

Conservative Talk Show Host, Rush Limbaugh joins bid to buy St. Louis Rams

Posted by ChasinDatPaper on October 7, 2009 at 5:23am

Seattle Times Reports Radio personality Rush Limbaugh has joined forces with Dave Checketts, owner of the NHL St. Louis Blues, in a bid to buy the St. Louis Rams, league sources confirmed. The Limbaugh-Checketts group has made its bid on the team and plans to keep it in St. Louis. According to league sources, there are multiple bidders for the Rams as the potential sale of the franchise has advanced to a second stage — from looking for potential buyers to evaluating the merits of bidders. It is not known who the other bidders are. "I certainly think individual bidders have the right to discuss their interest in the club," said Kevin Demoff, the Rams' executive vice president of football operations. "There's really nothing for us to say. It's really not fair to anybody involved in the process. "There is no inevitability for the team to wind up being for sale, anyway. There may be bidders, but that doesn't mean there will be a sale." Checketts, the founder and chief executive officer of SCP Worldwide, a New York-based firm that owns and operates the Blues, would be the frontman for a group of investors that would purchase at minimum the 60 percent share of the Rams owned by Chip Rosenbloom and Lucia Rodriguez, the son and daughter of the Rams' late owner, Georgia Frontiere. Limbaugh, a conservative political commentator, said in a statement: "Dave and I are part of a bid to buy the Rams, and we are continuing the process. But I can say no more because of a confidentiality clause in our agreement with Goldman Sachs. We cannot and will not talk about our partners. But if we prevail, we will be the operators of the team." Limbaugh, originally from Cape Girardeau, Mo., worked briefly as a commentator for ESPN's NFL pregame show in 2003 but resigned amid controversy over his remarks about media coverage of Philadelphia quarterback Donovan McNabb. Forbes magazine recently valued the Rams' franchise at more than $900 million, but it is believed the Rams' sale might fetch $800 million or less given the state of the economy and the state of the team, which has lost 14 games in a row.
Tags: Limbaugh, Louis, Rams, Rush, St., bid, buy, joins, to
E-mail me when people leave their comments –
Follow

You need to be a member of PaperChaserDotCom to add comments!

Join PaperChaserDotCom

Latest Blog Posts

Most Popular Blog Posts

Blog Topics by Tags

  • - (15906)
  • & (7760)
  • To (6046)
  • In (5721)
  • On (5540)
  • Of (4786)

Monthly Archives

} Facebook Login JavaScript Example