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Nzoner
02-11-2010, 08:39 AM
Sources describe him as a Rams fan who has attended home games at the Edward Jones Dome (http://sports.espn.go.com/nfl/news/story?id=4904863&campaign=rss&source=NFLHeadlines) :spock:



Report: Rams sale agreement in place

The owners of the St. Louis Rams have entered into a signed agreement to sell a majority share of the team, the St. Louis Post-Dispatch reported, citing multiple NFL sources.

Owners Chip Rosenbloom and Lucia Rodriguez, who inherited the franchise from their late mother, Georgia Frontiere, have a signed agreement to sell their 60 percent stake in the Rams to Shahid Khan, the newspaper reported.

Khan, 55, is the president of Flex-N-Gate Corp., an auto parts manufacturer based in Urbana, Ill. Sources describe him as a Rams fan who has attended home games at the Edward Jones Dome and is committed to keeping the team in St. Louis, according to the report.

The sale must be approved by the NFL's owners.

Frontiere's heirs, who took control of the team when she died in 2008, considered several bids for the company, including one from a group headed by St. Louis Blues chairman Dave Checketts.

According to the Post-Dispatch, Khan started working for Flex-N-Gate in 1970 and has owned the company since 1980.

Stan Kroenke owns the remaining 40 percent of the Rams and held right of first refusal to purchase the team. But as the owner of the Denver Nuggets and the Colorado Avalanche, he would be prevented from owning the team due to the NFL's cross-ownership rules.

ForeverChiefs58
02-11-2010, 08:54 AM
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HemiEd
02-11-2010, 10:20 AM
This Shahid Kahn guy sounds like a real self made man.

Donger
02-11-2010, 10:21 AM
The St. Louis Infidels?

JD10367
02-11-2010, 10:22 AM
"Khan, 55, is the president of Flex-N-Gate Corp., an auto parts manufacturer based in Urbana, Ill. Sources describe him as a Rams fan who has attended home games at the Edward Jones Dome and is committed to keeping the team in St. Louis, according to the report."

Yeah right.

"To the low rider!" /LosAngelesFootballFans

eazyb81
02-11-2010, 10:39 AM
Sounds like a stand-up guy....



http://www.forbes.com/forbes/2009/0112/028.html

All in the Family
By adroitly buying unwanted factories, Shahid R. Khan boosted auto parts maker Flex-N-Gate of Urbana, Ill. onto our list of the country's 200 largest private companies. Now the Internal Revenue Service says he and his wife appear to have used five different abusive tax shelters to duck $85 million of taxes on $250 million of income from 1999 to 2003. Khan, 58, is a Pakistani-born engineer who became a U.S. citizen and is much honored for his charity here. A Khan lawyer defends the varied investment and tax moves as legitimate. The ploys were listed in court filings by Khan aiming to block summonses to two partners of bdo Seidman, in part because the government won't say whether the duo are under criminal investigation. The irs says Khan paid bdo $8.5 million in fees for its services and advice. According to the feds, Khan used three Son of Boss shelters, which generally cook up phony losses using foreign currency options, and two Distressed Asset/Debt (dad) shelters, in which troubled securities are bought for pennies on the dollar and then written off at their original full value. --Janet Novack

InChiefsHell
02-11-2010, 10:53 AM
Well, the Rams better turn around the franchise and start winning...or they will face...

the Wrath of Khan!!!

Mastashake
02-11-2010, 10:55 AM
There's going to be a lot of ticked of redneck Rams fans when they find out their team is owned by a *insert Middle Eastern racial slur here*.

JD10367
02-11-2010, 11:00 AM
Well, the Rams better turn around the franchise and start winning...or they will face...

the Wrath of Khan!!!

http://angelinafauxlie.files.wordpress.com/2009/01/khan.jpg