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Rams owner buys land in Southern California

The SportsXchange

St. Louis Rams owner Stan Kroenke recently bought 60 acres of land in Inglewood, Calif., according to multiple reports.

Kroenke made the purchase through an affiliated holding company.

The land is located between the Forum and Hollywood Park. According to the Los Angeles Times, the land could possibly serve as a development for a new NFL stadium.

However, Kroenke has owned large amounts of land in California and other places for a long period of time and has made a significant amount of money through land development. It is possible Kroenke is merely adding to his land for non-NFL purposes.

A clause in the Rams' lease with the Edward Jones Dome in St. Louis is set to kick in at the end of the 2014 season. If the stadium is not upgraded to one of the eight top NFL venues by then, the lease will become a year-to-year deal beginning in 2015.

Discussions to meet those upgrade criteria have been ongoing but no significant progress has been made. A $124 million upgrade was proposed in 2012 to achieve the "first tier" standards. The Rams made a $700 million counter-proposal. An arbitrator ruled in favor of the Rams in February 2013, but the dome's commission said it would not follow through on the plan.

Los Angeles has been without an NFL team since the Rams and Raiders left for St. Louis and Oakland in 1995. The city has been viewed as a relocation site for a number of teams for years but ended up being used as leverage for better stadium deals.

It is difficult for a team to relocate. Aside from getting league approval, the NFL also contains a set of strict and expensive guidelines and also requires a vote of the 32 team owners.

Kroenke has not publicly addressed the Rams' stadium situation.

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