Kroenke, NFL will have to pay $790 million to settle St. Louis lawsuit

ST. LOUIS (AP) — The NFL and Rams owner Stan Kroenke will pay $790 million to settle a lawsuit filed by St. Louis interests over the team’s relocation to Los Angeles, a joint statement from St. Louis city and county said Wednesday.

No details of the settlement were released, and it wasn’t immediately clear how much would be paid by Kroenke and how much would be covered by owners of the league’s 31 other teams.

“This historic agreement closes a long chapter for our region, securing hundreds of millions of dollars for our communities while avoiding the uncertainty of the trial and appellate process,” read a statement from St. Louis Mayor Tishaura Jones and St. Louis County Executive Sam Page.

St. Louis area officials haven’t yet determined how the settlement funds will be used, the statement said.

https://krcgtv.com/news/local/kroenke-will-have-to-pay-790-million-to-settle-st-louis-lawsuit