- Stan Kroenke owes the St. Louis Rams PSL Holders $24M
- US District Judge Stephen Limbaugh, not Rush, stuck it to Stan
Thanks to Sarkes Corner Special Correspondent Cindy Mamelian for this breaking news out of St. Louis.
It is now official: Stan Kroenke owes former St. Louis Rams Personal Seat License (PSL) holders $24 million for leaving town and not honoring those PSL contracts.
What is a PSL? A PSL is a fee that entitles the holder the right to buy a Season Ticket for a seat in a Stadium. PSLs started in 1983 with the construction of the then Carolinas Stadium, home of the NFL Carolina Panthers. The PSLs, started with the Carolinas Stadium, opened the Flood Gates and now all Sports Stadiums built since have held their Loyal Fans hostage by bilking them out of Billions of dollars in PSL Fees.
In 1995, Sarkes and Chris, along with Chris’ parents, were original PSL holders for the St. Louis Rams. We paid $1,000 per PSL for the privilege to buy Season Tickets to the then pitiful Rams.
Alas, there were good times for the St. Louis Rams during the Dick Vermeil / Mike Martz era when the Greatest Show on Turf went to two Super Bowls, winning Super Bowl XXXIV.
But Sarkes digresses, so back on point. US District Judge Stephen Limbaugh gave final approval to the class action lawsuit brought against Kroenke and the Rams this week. Judge Limbaugh is a cousin to Right Wing Icon Rush Limbaugh. It is unclear if Judge Stephen Limbaugh is a Conservative cut from the same bolt of cloth as his cousin Rush, Ronald Reagan, and the Orange Dotard.
St. Louis Rams PSL holders will get 30 percent of their original purchase price, which represents a refund for the nine years that remained on the 30-year license when the Rams left for Los Angeles in 2016. Sarkes and Chris gave up their PSLs when moving full time to the Gunshine State so will not benefit from this windfall.
You know Stan Kronke, native Missourian, named after Cardinal great Stan Musial, and one of the most despicable of ALL despicable owners of Sports franchises.
In order to justify the move of the Rams to Los Angeles, Pond Scum Kronke convinced the other Greedy NFL Owners that St. Louis could not support an NFL team and that the St. Louis Football stadium was insufficient. Hey Stan, you Piece of Excrement, the St. Louis Football stadium was sufficient when the Greatest Show on Turf was winning Championships and a Super Bowl.
Stan Kronke made his money the old fashioned way, he married an Heiress to the Sam Walton fortune. Today, Stan Kronke’s net worth is over $9 Billion, $9 Billion, almost as much as the Orange Stable Genius. But wait, that’s not all. Stan Kronke’s wife, Ann Walton Kronke, Heiress to the Sam Walton fortune, is worth $7.5 Billion herself.
Don’t fret for Stan Kronke and his wife Ann Walton, while $24 Million cannot be comprehended by most Sarkes Corner readers, this is but a drop in the bucket, noise level if you will, for Stan Kronke. What Stan Kronke needs to worry about is his Shrine, the new LA Rams Stadium. Kronkes new Royal Residence, being financed by Stan Kronke and his wife All Walton, was originally budgeted at $2.6 BILLION, is now estimated to cost over $4 BILLION at completion.