• Los Angeles Rams owner Stan Kroenke angers NFL owners with financial pi

    From Slime@21:1/5 to All on Thu Oct 28 16:03:53 2021
    NEW YORK -- Los Angeles Rams owner Stan Kroenke might be trying
    to back away from his promise to cover tens of millions of
    dollars in legal expenses related to his team's 2016 departure
    from St. Louis, a revelation that angered many NFL owners when
    they learned of it Tuesday, sources told ESPN.

    The legal update from NFL general counsel Jeff Pash, during the
    owners' first in-person meeting since December 2019, stunned
    many in the room, according to accounts from people who were
    there and others briefed on the proceedings.

    The league, through a spokesperson, declined comment Wednesday.
    A Rams spokesperson also declined to comment.

    The Rams and other owners are embroiled in a fierce, four-year
    lawsuit from the St. Louis Regional Convention and Sports
    Complex Authority, which argues that the league broke its own
    relocation guidelines, misled the public on its plans to leave
    the city and cost the city millions in revenue. The league has
    lost many of its motions and was denied a hearing in the U.S.
    Supreme Court.

    The case has entangled all 32 teams and cost millions in legal
    fees, which to this point have been mostly covered by Kroenke
    under an indemnification agreement he signed as part of the
    relocation. For some teams, the bills have run to eight figures.

    Although Kroenke has been in discussions with the league for
    some time over the scope of the indemnification agreement,
    owners first learned of a shift in his position several hours
    into Tuesday's meeting at the InterContinental New York Barclay
    hotel. Sources told ESPN that executives for each team were
    asked to leave the room; only owners, representatives for teams
    that didn't send owners and senior league executives remained.

    Pash delivered a lengthy update on the lawsuit, including the
    league's latest argument that the trial set for January should
    be moved out of St. Louis in order to get an impartial jury.

    Sources told ESPN that Kroenke then stood and told the room that
    he has invested in the league and done everything that the
    league has asked him to do. He apologized for the ongoing
    lawsuit but argued that it wasn't his fault.

    Kroenke took a few questions from the room. Dallas Cowboys owner
    Jerry Jones, a fierce Kroenke advocate who championed the
    relocation and helped push it over the finish line during a
    contentious vote in January 2016, told the room that Kroenke had
    done a lot for the league.

    Then, in an unusual move, Goodell asked Kroenke to leave the
    room, sources told ESPN. He did.

    That's when Pash told the room that the league was notified by
    Kroenke's attorneys that Kroenke is challenging the
    indemnification agreement that all three teams involved in the
    L.A. derby in 2016 -- the Rams, Chargers and Raiders -- signed
    on the morning of the vote.

    Over the years, teams have been required to provide eight years
    of phone records and emails for discovery. This past summer, St.
    Louis Circuit Judge Christopher McGraugh ordered Kroenke and
    five other owners to provide financial records to help a jury
    determine potential damages. Earlier in October, McGraugh fined
    Clark Hunt of the Kansas City Chiefs, John Mara of the New York
    Giants, Robert Kraft of the New England Patriots and the
    Cowboys' Jones for failing to provide full records. Kroenke has
    been footing almost all the bills.

    Sources said the room seemed stunned by Pash's update on
    Kroenke's view of the indemnification agreement.

    Jones spoke and reminded his colleagues that Kroenke has been a
    good partner, engineering the league's return to Los Angeles
    after 22 years away and building a stadium that some involved in
    its construction refer to as "our $6 billion stadium."

    Next came Kraft, who sources said seemed to speak for many in
    the room that Kroenke's position was unfair. He mentioned all
    the legal hassle he had gone through. In 2016, he had served on
    a six-person L.A. committee. He argued that if providing
    financial records as a result of lawsuits would be a consequence
    of serving on league committees, it would dissuade other owners
    from wanting to be on committees and making consequential
    decisions for the league.

    Raiders owner Mark Davis reminded the room that, in 2016, the
    L.A. committee recommended a rival Raiders-Chargers stadium
    project in Carson, California, by a 5-1 vote over Kroenke's
    project in Inglewood.

    Mara spoke next and said that Kroenke's change in position was
    ridiculous and that if Kroenke had not agreed to indemnify the
    league, the owners wouldn't have voted for him to move. He said
    anyone who was in the room in Houston when the vote was taken
    would know that.

    The sources said Jones argued that he has been dealing with the
    legal issues, too, and indicated that the problems were not the
    fault of Kroenke or the league but were because one owner's
    deposition was shaky. That owner's name was not mentioned.

    But in 2019, an ESPN report on the Rams-Chargers marriage
    detailed that discovery in the lawsuit had turned up an email
    from an official affiliated with the competing Carson proposal
    that outlined to St. Louis authorities all the ways the Rams
    seemed to be in violation of the league's relocation policy,
    providing a blueprint for the city of St. Louis' lawsuit.

    A source close to Kroenke says now that the Rams owner believes
    that some of the legal issues arise from that email and that
    after building the stadium and agreeing to house the Chargers as
    a tenant for $1 a year, he shouldn't be responsible for all
    legal fees.

    Jones and Pash had a brief back-and-forth, then Jones asked Pash
    whether Kroenke had tried to settle the lawsuit.

    Pash replied that he had, sources told ESPN. Jones indicated
    that Kroenke's settlement figure was billions of dollars. Pash
    refused to confirm the figure -- a source with direct knowledge
    of the situation told ESPN it was less than a billion -- but
    told those in the meeting that it was more than the net worth of
    some in the room.

    Sources then described several owners speaking up.

    Jim Irsay of the Indianapolis Colts said the owners should call
    Kroenke back into the room to answer questions from the
    membership. Jones argued that Kroenke shouldn't do so without an
    attorney.

    Art Rooney II of the Pittsburgh Steelers said lawyers should
    handle all these issues. Mara then reiterated that nobody in the
    room would have voted for Kroenke to move if not for the full
    indemnification.

    At one point, sources told ESPN, Jones seemed to indicate that
    Kroenke might sue the league over the indemnification agreement.
    Jones mentioned that, in 1995, the league sued him over
    sponsorship deals and he countersued.

    The St. Louis lawsuit, currently in discovery phase, is due for
    trial on Jan. 10 -- weeks before Kroenke's SoFi Stadium hosts
    the Super Bowl.

    Other topics during the owners-only session included a
    discussion about the emails that have been released recently
    concerning the Washington Football Team workplace misconduct
    investigation.

    Davis, who accepted Jon Gruden's resignation after emails from
    2011 showed that the coach had used racist, anti-gay and
    misogynistic language, asked Goodell why he had learned of the
    emails only right before they were made public.

    Although Davis didn't accuse Goodell of leaking the emails,
    Goodell told the room that the league wasn't behind the leak.
    And Tanya Snyder, wife of WFT owner Dan Snyder, apologized to
    the room that the league has suffered as a result of the
    investigation.

    <https://www.espn.com/nfl/story/_/id/32486646/los-angeles-rams- owner-stan-kroenke-angers-nfl-owners-financial-pivot-related- lawsuit-st-louis-move-sources-say>

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  • From Slime@21:1/5 to All on Fri Oct 29 14:04:02 2021
    XPost: alt.sports.football.pro.phila-eagles, stl.general, alt.sports.football.pro.la-rams
    XPost: alt.sports.football.pro.stl-rams

    NEW YORK -- Los Angeles Rams owner Stan Kroenke might be trying
    to back away from his promise to cover tens of millions of
    dollars in legal expenses related to his team's 2016 departure
    from St. Louis, a revelation that angered many NFL owners when
    they learned of it Tuesday, sources told ESPN.

    The legal update from NFL general counsel Jeff Pash, during the
    owners' first in-person meeting since December 2019, stunned
    many in the room, according to accounts from people who were
    there and others briefed on the proceedings.

    The league, through a spokesperson, declined comment Wednesday.
    A Rams spokesperson also declined to comment.

    The Rams and other owners are embroiled in a fierce, four-year
    lawsuit from the St. Louis Regional Convention and Sports
    Complex Authority, which argues that the league broke its own
    relocation guidelines, misled the public on its plans to leave
    the city and cost the city millions in revenue. The league has
    lost many of its motions and was denied a hearing in the U.S.
    Supreme Court.

    The case has entangled all 32 teams and cost millions in legal
    fees, which to this point have been mostly covered by Kroenke
    under an indemnification agreement he signed as part of the
    relocation. For some teams, the bills have run to eight figures.

    Although Kroenke has been in discussions with the league for
    some time over the scope of the indemnification agreement,
    owners first learned of a shift in his position several hours
    into Tuesday's meeting at the InterContinental New York Barclay
    hotel. Sources told ESPN that executives for each team were
    asked to leave the room; only owners, representatives for teams
    that didn't send owners and senior league executives remained.

    Pash delivered a lengthy update on the lawsuit, including the
    league's latest argument that the trial set for January should
    be moved out of St. Louis in order to get an impartial jury.

    Sources told ESPN that Kroenke then stood and told the room that
    he has invested in the league and done everything that the
    league has asked him to do. He apologized for the ongoing
    lawsuit but argued that it wasn't his fault.

    Kroenke took a few questions from the room. Dallas Cowboys owner
    Jerry Jones, a fierce Kroenke advocate who championed the
    relocation and helped push it over the finish line during a
    contentious vote in January 2016, told the room that Kroenke had
    done a lot for the league.

    Then, in an unusual move, Goodell asked Kroenke to leave the
    room, sources told ESPN. He did.

    That's when Pash told the room that the league was notified by
    Kroenke's attorneys that Kroenke is challenging the
    indemnification agreement that all three teams involved in the
    L.A. derby in 2016 -- the Rams, Chargers and Raiders -- signed
    on the morning of the vote.

    Over the years, teams have been required to provide eight years
    of phone records and emails for discovery. This past summer, St.
    Louis Circuit Judge Christopher McGraugh ordered Kroenke and
    five other owners to provide financial records to help a jury
    determine potential damages. Earlier in October, McGraugh fined
    Clark Hunt of the Kansas City Chiefs, John Mara of the New York
    Giants, Robert Kraft of the New England Patriots and the
    Cowboys' Jones for failing to provide full records. Kroenke has
    been footing almost all the bills.

    Sources said the room seemed stunned by Pash's update on
    Kroenke's view of the indemnification agreement.

    Jones spoke and reminded his colleagues that Kroenke has been a
    good partner, engineering the league's return to Los Angeles
    after 22 years away and building a stadium that some involved in
    its construction refer to as "our $6 billion stadium."

    Next came Kraft, who sources said seemed to speak for many in
    the room that Kroenke's position was unfair. He mentioned all
    the legal hassle he had gone through. In 2016, he had served on
    a six-person L.A. committee. He argued that if providing
    financial records as a result of lawsuits would be a consequence
    of serving on league committees, it would dissuade other owners
    from wanting to be on committees and making consequential
    decisions for the league.

    Raiders owner Mark Davis reminded the room that, in 2016, the
    L.A. committee recommended a rival Raiders-Chargers stadium
    project in Carson, California, by a 5-1 vote over Kroenke's
    project in Inglewood.

    Mara spoke next and said that Kroenke's change in position was
    ridiculous and that if Kroenke had not agreed to indemnify the
    league, the owners wouldn't have voted for him to move. He said
    anyone who was in the room in Houston when the vote was taken
    would know that.

    The sources said Jones argued that he has been dealing with the
    legal issues, too, and indicated that the problems were not the
    fault of Kroenke or the league but were because one owner's
    deposition was shaky. That owner's name was not mentioned.

    But in 2019, an ESPN report on the Rams-Chargers marriage
    detailed that discovery in the lawsuit had turned up an email
    from an official affiliated with the competing Carson proposal
    that outlined to St. Louis authorities all the ways the Rams
    seemed to be in violation of the league's relocation policy,
    providing a blueprint for the city of St. Louis' lawsuit.

    A source close to Kroenke says now that the Rams owner believes
    that some of the legal issues arise from that email and that
    after building the stadium and agreeing to house the Chargers as
    a tenant for $1 a year, he shouldn't be responsible for all
    legal fees.

    Jones and Pash had a brief back-and-forth, then Jones asked Pash
    whether Kroenke had tried to settle the lawsuit.

    Pash replied that he had, sources told ESPN. Jones indicated
    that Kroenke's settlement figure was billions of dollars. Pash
    refused to confirm the figure -- a source with direct knowledge
    of the situation told ESPN it was less than a billion -- but
    told those in the meeting that it was more than the net worth of
    some in the room.

    Sources then described several owners speaking up.

    Jim Irsay of the Indianapolis Colts said the owners should call
    Kroenke back into the room to answer questions from the
    membership. Jones argued that Kroenke shouldn't do so without an
    attorney.

    Art Rooney II of the Pittsburgh Steelers said lawyers should
    handle all these issues. Mara then reiterated that nobody in the
    room would have voted for Kroenke to move if not for the full
    indemnification.

    At one point, sources told ESPN, Jones seemed to indicate that
    Kroenke might sue the league over the indemnification agreement.
    Jones mentioned that, in 1995, the league sued him over
    sponsorship deals and he countersued.

    The St. Louis lawsuit, currently in discovery phase, is due for
    trial on Jan. 10 -- weeks before Kroenke's SoFi Stadium hosts
    the Super Bowl.

    Other topics during the owners-only session included a
    discussion about the emails that have been released recently
    concerning the Washington Football Team workplace misconduct
    investigation.

    Davis, who accepted Jon Gruden's resignation after emails from
    2011 showed that the coach had used racist, anti-gay and
    misogynistic language, asked Goodell why he had learned of the
    emails only right before they were made public.

    Although Davis didn't accuse Goodell of leaking the emails,
    Goodell told the room that the league wasn't behind the leak.
    And Tanya Snyder, wife of WFT owner Dan Snyder, apologized to
    the room that the league has suffered as a result of the
    investigation.

    <https://www.espn.com/nfl/story/_/id/32486646/los-angeles-rams- owner-stan-kroenke-angers-nfl-owners-financial-pivot-related- lawsuit-st-louis-move-sources-say>
     

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