(Via St. Louis Business Journal)
Dallas Cowboys owner Jerry Jones last week backed up previous support for St.Louis Rams owner Stan Kroenke to move the team to Los Angeles.
He said that although the National Football League's relocation bylaws require good-faith stadium negotiations in home markets, owners should respect Kroenke's right to make a financial decision he decides is necessary.
"Of course it's his decision. It's his risk, his effort; that risk is his," Jones told Street & Smith's SportsBusiness Journal, a sister publication of the Business Journal.
Kroenke plans to build an NFL stadium in Inglewood, California, that would be ready by 2018. In St. Louis, a task force led by former Anheuser-Busch president Dave Peacock has proposed a new $900 million stadium along the riverfront in north St.Louis in efforts to keep the Rams in St. Louis.
Earlier this month, Jones created waves when he told the New York Times that Kroenke could bypass league approval and move his team at will.
In contrast, Pittsburgh Steelers owner Art Rooney II told the Los Angeles Times that the NFL has a process that must be adhered to for a team to relocate.
NFL rules state that a team's relocation requires a majority vote of approval by the league's 32 owners.
Jones, according to Street & Smith's, appears to be trying to walk the fine line of respecting the NFL process but saying the matter will never come to a negative vote, because if Kroenke tells his peers he needs to relocate, he will win their approval.
The NFL declined to comment to the SportsBusiness Journal.
In a new stadium in St. Louis, the Rams would be valued at $1.5 billion, said John Vrooman, a Vanderbilt University economics professor and expert on sports economics, compared with a Los Angeles Rams franchise that would be worth an estimated $2.1 billion — a figure high enough to make the Los Angeles version of the Rams the second most valuable NFL franchise (behind the $2.3 billion Dallas Cowboys) and the sixth most valuable sports franchise in the world.