The NFL and Rams owner Stan Kroenke will pay $790M to settle a lawsuit filed by St. Louis interests over the team’s relocation to LA, a joint statement from St. Louis city and county says.
filed by St. Louis interests over the team’s relocation to Los Angeles, a joint statement from St. Louis city and county said Wednesday.
Emails from The Associated Press to an NFL spokesmen and attorneys for the league and Kroenke seeking comment were not immediately returned. Then-owner Georgia Frontiere moved the Rams from Los Angeles in 1995 to her hometown of St. Louis, where they stayed for 21 seasons before Kroenke moved them back.
St. Louis interests initially proposed a more modest upgrade, then eventually proposed a new $1 billion stadium along the Mississippi River that would be funded jointly by taxpayers, the team and the NFL. The league and the team balked. The 2017 lawsuit filed on behalf of St. Louis, St. Louis County and the St. Louis Regional Convention and Sports Complex Authority said Kroenke, other team officials and the league knew as early as 2013 that the Rams planned to relocate but lied in denying it. The lawsuit said the league ignored its own relocation guidelines in allowing the move.
St. Louis Circuit Judge Christopher McGraugh ruled in July that there was sufficient evidence that Kroenke and others engaged in fraud, so he ordered NFL owners to release financial records. The purpose was to allow a jury to consider punitive damages if Kroenke and the NFL lost the lawsuit.
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