Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

Rams, league settle lawsuit over team’s relocation for $790 million

THE city and county of St. Louis and other parties have agreed to settle for $790 million a dispute over whether the NFL violated its relocation guidelines when it allowed the Rams to move to Los Angeles in 2016.

The settlement agreement was reached with Rams owner Stan Kroenke and the National Football League (NFL), the city said in a statement on Wednesday.

NFL owners voted overwhelmingly to permit the move in 2016, ending the league’s 21-year absence in the United States’ second-largest TV market.

The relocation, however, broke the hearts of Midwest football fans who followed the team since it moved to St. Louis in 1995.

“This historic agreement closes a long chapter for our region, securing hundreds of millions of dollars for our communities while avoiding the uncertainty of the trial and appellate process,” Mayor Tishaura O. Jones said in a statement.

The city had argued in a civil lawsuit that the loss of the Rams hurt the region and benefited the league and its owners, who received a $550-million relocation fee.

An NFL spokesman confirmed the agreement and said “we appreciate the effort by all parties to reach a settlement and thank Judge Jack Garvey for his service as mediator.”

The Rams did not immediately respond to a request for comment.

The team, which won the Super Bowl while playing for St. Louis in 2000, shares the $5-billion SoFi Stadium in Inglewood, California, with the Los Angeles Chargers — who previously played in San Diego.

The facility, the first new football stadium built for Los Angeles in nearly a century, opened a year ago. — Reuters

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Editor's Pick

The Board of Investments (BoI) has cleared Sinoma Energy Conservation (Cebu) Waste Heat Recovery Co. Inc. to serve as the operator of a 4.5-megawatt...

Editor's Pick

THE PHILIPPINES is poised to end the year with a stronger economic growth, after a better-than-expected third quarter, experts said at the BusinessWorld Virtual...

Editor's Pick

MORE FILIPINOS should become entrepreneurs to allow economic and technological progress amid the ongoing coronavirus disease 2019 (COVID-19) pandemic. Vince Dominic Yamat, managing director...

Editor's Pick

PIXABAY COMMON mental health-related issues that families run into at home are stress from interactions, lack of privacy, and inability to bond despite being...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 Secrets Of Richdads. All Rights Reserved.