NFL Owner Stan Kroenke Buys Texas Mega-Ranch Listed for $725 Million

[RS12]

Stan Kroenke, the billionaire owner of the NFL’s Rams, has agreed to purchase the historic W.T. Waggoner Estate Ranch in Texas, representatives of the ranch said on Tuesday. Terms for the purchase of the more than 520,000-acre estate were not disclosed. The ranch had been listed with an asking price of $725 million.

District Judge Dan Mike Bird in Vernon, Texas, allowed the family owners of the Waggoner Ranch to proceed in a private transaction with Kroenke, one of the wealthiest owners in professional sports and the owner of 11 ranches in Montana, Wyoming, Arizona, and British Columbia. The Waggoner went on the market in 2014 after Judge Bird ordered a sale to end more than 20 years of family litigation.

“This is an incredible opportunity and an even greater responsibility,” Kroenke said in a statement released by the Waggoner family and its representatives. “We are honored to assume ownership of the Waggoner—a true Texas and American landmark.”

http://www.bloomberg.com/news/artic...-buys-texas-mega-ranch-listed-for-725-million

 

[CF74]

That's awesome.

 

[Dodger12]

I'll pay for what I want except a stadium for my team, that has to be paid by the public. Only in America.

 

[The Fonz]

I'll pay for what I want except a stadium for my team, that has to be paid by the public. Only in America.

Amazing isn't?poor guy

 

[Philmonroe]

I'll pay for what I want except a stadium for my team, that has to be paid by the public. Only in America.

In this case what are you talking about? Isn't he paying for the stadium himself? I thought he was and if that's the case this doesn't apply to this case but maybe I'm wrong.

 

[Dodger12]

In this case what are you talking about? Isn't he paying for the stadium himself? I thought he was and if that's the case this doesn't apply to this case but maybe I'm wrong.

He wanted St. Louis to renovate their stadium at a cost of 700 million dollars for 10 years. That wouldn't have been a good investment for the city and from what I've read, there was a clause in the lease where the stadium had to be a top tier stadium. I understand it's a business and if a business wants to move, so be it. But NFL owners hold the fans and city hostage to try and get the best deals possible paid in large part by the public. I'm a traditionalist and hate to see teams move. Cleavland, St. Louis, LA, Baltimore, Oakland and I'm probably missing some. Oakland and SD want to move as well. What I don't understand is why teams want to move to LA. I thought they'd been there and done that and it didn't work out so well.

 

[CashMan]

He wanted St. Louis to renovate their stadium at a cost of 700 million dollars for 10 years. That wouldn't have been a good investment for the city and from what I've read, there was a clause in the lease where the stadium had to be a top tier stadium. I understand it's a business and if a business wants to move, so be it. But NFL owners hold the fans and city hostage to try and get the best deals possible paid in large part by the public. I'm a traditionalist and hate to see teams move. Cleavland, St. Louis, LA, Baltimore, Oakland and I'm probably missing some. Oakland and SD want to move as well. What I don't understand is why teams want to move to LA. I thought they'd been there and done that and it didn't work out so well.

Have you seen, what the Dodgers have done, in the past few years? I thought baseball was really nothing in LA until they signed that massive TV deal.

 

[Dodger12]

Have you seen, what the Dodgers have done, in the past few years? I thought baseball was really nothing in LA until they signed that massive TV deal.

I haven't really followed it but I know the Dodgers were sold recently and the word was the ownership committed to winning (or at least that's what I remember). LA won't support a losing franchise for long.

 

[CyberB0b]

I haven't really followed it but I know the Dodgers were sold recently and the word was the ownership committed to winning (or at least that's what I remember). LA won't support a losing franchise for long.

What about the Clippers?

 

[Longboysfan]

What about the Clippers?

Grandfathered in.

 

[rynochop]

Why would a judge have to allow the owners to sell to anyone?

 

[CyberB0b]

Why would a judge have to allow the owners to sell to anyone?

"The Waggoner went on the market in 2014 after Judge Bird ordered a sale to end more than 20 years of family litigation."

 

[AzorAhai]

Time to spend a couple hundred million on a fence to enclose it and be prepared for the zombie apocalypse.

 

[reddyuta]

he has 11 other Ranches? something tells me he is not that interested in actual ranching.

 

[bodi]

I'll pay for what I want except a stadium for my team, that has to be paid by the public. Only in America.

yea but the city of St Louis is dieing town plus they wanted to built it right next to the river - it would have gotten flooded

 

[Dodger12]

yea but the city of St Louis is dieing town plus they wanted to built it right next to the river - it would have gotten flooded

Dallas was a dying town not all that long ago when the oil dried up. Same with Pittsburgh when the steel mills closed. They came back. I wouldn't have expected my team to make a run for it. I completely understand that businesses may have to relocate to states where they can do better financially. But football is different in a sense they have salaries capped and all teams share in the profits. The whole idea of the salary cap was to make smaller market cities more competitive. Now we see teams leaving these smaller markets anyway and using that as an excuse. Couple that with using public funds to build new stadiums and I just think there should be more loyalty to fans and the sport in general.

 

[BrAinPaiNt]

He wanted St. Louis to renovate their stadium at a cost of 700 million dollars for 10 years. That wouldn't have been a good investment for the city and from what I've read, there was a clause in the lease where the stadium had to be a top tier stadium. I understand it's a business and if a business wants to move, so be it. But NFL owners hold the fans and city hostage to try and get the best deals possible paid in large part by the public. I'm a traditionalist and hate to see teams move. Cleavland, St. Louis, LA, Baltimore, Oakland and I'm probably missing some. Oakland and SD want to move as well. What I don't understand is why teams want to move to LA. I thought they'd been there and done that and it didn't work out so well.

Or maybe he really did not want to keep the team in St Louis after he set his sites on LA and just used that as an excuse to leave.

As others have pointed out...one of the selling points of him moving his team was the idea that he was fronting most, if not all, of the money for the new stadium vs doing it like other owners do.

I get your general argument because that is how it is usually done. However it "seems" to be different in his case when it comes to the new stadium in LA for the Rams.

 

[Philmonroe]

He wanted St. Louis to renovate their stadium at a cost of 700 million dollars for 10 years. That wouldn't have been a good investment for the city and from what I've read, there was a clause in the lease where the stadium had to be a top tier stadium. I understand it's a business and if a business wants to move, so be it. But NFL owners hold the fans and city hostage to try and get the best deals possible paid in large part by the public. I'm a traditionalist and hate to see teams move. Cleavland, St. Louis, LA, Baltimore, Oakland and I'm probably missing some. Oakland and SD want to move as well. What I don't understand is why teams want to move to LA. I thought they'd been there and done that and it didn't work out so well.

I think he lied to St Louis on some impossible stuf they couldn't do flow because I think he's funding the stadium in LA himself. Also if your a traditionalist how you mad about them going back to where they came from? I personally don't care just hope that I'm right he is using his own money instead of taxpayers money that never helps us like they claim it does.

 

[Philmonroe]

Or maybe he really did not want to keep the team in St Louis after he set his sites on LA and just used that as an excuse to leave.

As others have pointed out...one of the selling points of him moving his team was the idea that he was fronting most, if not all, of the money for the new stadium vs doing it like other owners do.

I get your general argument because that is how it is usually done. However it "seems" to be different in his case when it comes to the new stadium in LA for the Rams.

Dang you said exactly what I said but I didn't read your post lol. Powell at least one person has the same views on this issue as me.