The lawsuit was filed in 2017 after the Rams moved to Los Angeles.
ST. LOUIS — The lengthy and winding saga of the St. Louis lawsuit in opposition to the Rams, Stan Kroenke and the Nationwide Soccer League seems to be on the finish of the road.
5 On Your Facet’s Frank Cusumano reported on Wednesday morning that the St. Louis staff and the NFL and Rams proprietor Stan Kroenke got here to an settlement to settle the lawsuit for $790 million.
Metropolis of St. Louis Mayor Tishaura O. Jones and St. Louis County Government Sam Web page issued a joint assertion on the settlement:
At present, St. Louis Metropolis, County, and the Regional Conference and Sports activities Advanced Authority signed a $790 million settlement settlement with Rams proprietor Stan Kroenke and the Nationwide Soccer League.
This historic settlement closes a protracted chapter for our area, securing lots of of thousands and thousands of {dollars} for our communities whereas avoiding the uncertainty of the trial and appellate course of.
The Metropolis, County, and STLRSA are nonetheless figuring out how settlement funds can be allotted. We’ll present extra updates as they change into obtainable.
Thirty-five p.c of the settlement can be paid as lawyer charges.
Because the lawsuit developed, specialists had ranged a payout may very well be into the billions of {dollars}, and even lead to a brand new NFL staff for St. Louis.
An growth staff was not thought of as compensation for St. Louis, sources advised Cusumano.
With a settlement, the league and Kroenke keep away from a trial that was set to start on Jan. 10, 2022.
It had been reported that Kroenke had been angling to subvert the indemnification settlement he had beforehand signed to keep away from paying for the total value of the lawsuit. It isn’t but recognized how a lot Kroenke is personally paying as a part of a settlement.
The lawsuit was initially filed again in 2017 by St. Louis Metropolis, St. Louis County and the St. Louis Regional Conference and Sports activities Advanced Authority. It alleged the Rams and Kroenke violated the NFL’s relocation pointers and didn’t function in good religion with the Metropolis of St. Louis when the staff was moved to Los Angeles.
The fee from a settlement can be paid to St. Louis Metropolis, County and the St. Louis Regional Conference and Sports activities Advanced Authority. How it will likely be divided and applied stays to be seen.