The NFL and Rams owner Sam Kroenke will have to pay $ 790 million to settle a lawsuit filed by San Luis after the team moved to Los Angeles, the city and county of San Luis said in a joint statement on Wednesday. .
No details of the deal were released and it was not immediately clear how much Kroenke will pay and how much the remaining 31 owners of the NFL teams will have to pay.
“The historic agreement ends a long chapter for the region, ensuring hundreds of millions of dollars for the community and avoiding the uncertainty of the trial and the appeal process,” San Luis Mayor Tishaura Jones and the president said in the statement. of San Luis County Sam Page.
San Luis officials have not determined how the settlement funds will be used, the statement said.
The agreement they reached under mediation ends four and a half years of litigation. Kroenke and the NFL were unable to have the lawsuit dismissed or resolved outside of St. Louis, and the court favored St. Louis’s efforts to get the owners’ information public, a decision that accelerated the need for a settlement.
The case was scheduled to go to trial on January 10. In the lawsuit, they asked for a billion dollars and claimed that the team’s departure cost the region millions of dollars in earnings from entertainment, ticket sales and taxes.
Georgia Frontiere brought the Los Angeles Rams to their hometown of St. Louis in 1995. The team stayed in the city for 21 seasons before Kroenke brought them back to Los Angeles.
Kroenke, a real estate developer who is married to the heir to the Walmart fortune, became a minority owner when he came to town. After Frontiere’s death in 2008, he left the equipment to his sons and they sold it two years later to Kroenke.
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NFL and Kroenke to pay $ 790 million to St. Louis