LYCOS RETRIEVER 
Stan Kroenke: Teams
built 161 days ago
U.S. billionaire Kroenke may be pivotal in the battle for control of London's most successful soccer team. He's built a 12 percent stake and could trigger an offer by Usmanov if he decides to sell the stake to him. Under U.K. takeover rules, Usmanov, with 23 percent, would have to make a bid if his stake reaches 30 percent.
Source:
Sports industry analysts believe the value of Kroenke’s mainstay teams, the Nuggets and Avalanche, has risen nicely since Kroenke plunked down roughly $420 million for the franchises plus the Pepsi Center in 2000. Forbes thinks the Nuggets franchise was worth about $283 million last year, and the Avalanche was valued at $246 million even before a new NHL collective bargaining agreement made owning a hockey team a more stable business proposition. The combined value of Kroenke’s investments in an expanded portfolio of teams, plus the TV network, plus the Pepsi Center, could approach $1.5 billion within five years. Not that Kroenke seems eager to cash out anytime soon. "Stan is a buyer and holder, not a trader," says Elliman. "He expects to be the owner of these franchises for many years to come."
Source:
In October, Kroenke told the Telegraph he'd probably support the lockout. That would be a vintage Kroenke move. Rarely does he get enmeshed in nasty public spats. But Kroenke, too, has a penchant for keeping his eye on the longer-term picture. He said as much to the British online newspaper. "If you are an investor in a sports team and you don't look long term, you are probably not a good investor," Kroenke opined.
Source:
Nobody watched it all play out with more interest than Stan Kroenke, the first-year owner of the city's hockey and basketball franchises. Kroenke has given Lacroix carte blanche to operate the Avalanche as he sees fit. With only 25 games remaining in the NBA's regular season... Kroenke has yet to decide whether Issel will return next year as general manager or coach of a team that hasn't earned a trip to the playoffs since 1995.
Source:
Kroenke came out of nowhere to complete a deal that had soured twice, leaving the teams twisting in a sort of corporate no-man’s land where dysfunction prevailed. The company that cashed Kroenke’s $420 million check for the teams and the Pepsi Center was Liberty Media Corp., the cable TV investment firm based in Douglas County and run by cable impresario John Malone.
Source:
Whitney knew the home of her parents—Wal-Mart heiress, Ann Walton Kroenke, and real estate developer and sports team owner, Stan Kroenke—would be the setting for her wedding. The lake at her parents' Columbia estate was a scene she'd cherished since childhood. "We're such Missourians; there was no other place that we wanted to get married," she says.
Source:
MORE ABOUT
Teams