Arbitrator rules Stan Kroenke and the Rams can buy Earth City facility for $1

It's a caveat in the same deal that allowed the team to relocate to LA in 2016.

Brian Kelly
April 18, 2019 - 5:39 am

EARTH CITY, MO - MAY 9: A general view the St. Louis Rams during a mini camp on May 9, 2008 at Russell Athletic Training Facility in Earth City, Missouri. (Photo by Dilip Vishwanat/Getty Images)

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EARTH CITY, Mo. (KMOX) — Score one for the Rams in one of the lawsuits they're facing after leaving St. Louis for Los Angeles. 

An arbitration panel has ruled that the Rams will be able to purchase the property — last valued at $12.7 million — for a buck.

Related: Court nixes bid to send suit over Rams' move to arbitration

Under the agreement that brought the Rams to St. Louis from Anaheim, the team had the right to buy the property for a dollar after its lease expired in 2025, even if the lease was terminated before then.

The St. Louis Regional Convention and Sports Complex Authority argued that when the Rams moved, the lease wasn't terminated, but expired. It also argued that because the provision had no end date, it violated the law prohibiting open-ended property agreements.

Related: Rams Settle Lawsuit With St. Louis PSL Holders

The panel agreed with the Rams...so in 2024, they'll be able to buy the 27-acre property...including the indoor practice facility and offices...for a dollar.

Here are the documents from the arbitrator:

Rams can buy Earth City fac... by on Scribd

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