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Today Rams majority owners Chip Rosenbloom and Lucia Rodriguez entered a signed agreement to sell their stake in the company to newcomer Shahid Khan.
Khan, 55, owns the Flex-n-Gate Corporation, an auto parts manufacturer located in Urbana, Illinois. According the St. Louis Post-Dispatch, Khan is an avid Rams fan who regularly attends home games at Edward Jones Stadium and has no intention of relocating the team away from St. Louis.
The sale isn't final until the NFL approves, but if it does become fact, Khan will control of sixty percent of the team's stocks previously owned by the heirs of Georgia Frontiere.
The remaining forty percent is owned by Stan Kroenke, who was given first right of refusal but turned it down. According to the NFL's cross-ownership rule, though, he wouldn't be eligible due to his majority ownership of the Denver Nuggets and the Colorado Avalanche.
In an earlier report this week, it was stated that the Rams were on the short list of clubs interested in relocating to Los Angeles and the city's new stadium. The only avenue to L.A., though, would have been through Ed Roski, the man responsible for bringing football back to the City of Angels.
With the new ownership in St. Louis, it's apparent the team will be staying put, for now.
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