Jan. 30 (Bloomberg) -- A holding company with ties to Stan Kroenke, the owner of the St. Louis Rams, bought a 60-acre plot of land in Los Angeles, which is trying to lure a National Football League team, the St. Louis Post-Dispatch reported.
It isn’t known if Kroenke plans to move the Rams to the Inglewood site, or use the threat of doing so as leverage in negotiations over improvements to the Edward Jones Dome in St. Louis, the newspaper reported. The land may also become a retail development or be sold, it said.
A clause in the Rams’ stadium contract says the arena must be ranked among the top eight in the NFL by 2015, the report said. If it’s not, the Rams are free to leave or go on a year-to-year lease, it said.
The Rams were based in Los Angeles from 1946 until 1995, when they moved to St. Louis, a year after the Raiders left the second-biggest city in the U.S. for Oakland.
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