Rams want St. Louis to pay $12 million to fans who bought long-term season tickets
The Los Angeles Rams left St. Louis after the 2015 season, and Missouri is still paying for that loss today. The Rams are reportedly trying to get the city of St. Louis to pay $12 million in settlement fees to fans who purchased long-term season tickets, according to the St. Louis Post-Dispatch.
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That settlement involved personal seat licenses, or PSLs. The PSLs offered for the Rams were initially sold by a company called FANS Inc. The Rams eventually took over those operations and sold the PSLs.
The PSLs gave fans the opportunity to buy long-term season tickets. In this instance, those tickets would be good for 30 years — the length of the Rams’ stadium lease in St. Louis.
When the team left St. Louis following the 2015 season, those fans were left with nine years left on those PSLs. The team settled a lawsuit with those fans for $24 million.
The Rams agreed to pay that fee, but there was a catch. The Rams claimed that since FANS Inc. sold some of the PSLs initially, the company should be liable for half the settlement.
Problem is, FANS Inc. no longer exists. With FANS Inc. gone, the Rams have argued the St. Louis Convention and Visitors Commission should be responsible for FANS Inc.’s portion — about $12 million.
Kitty Ratcliffe, president of the commission, released a statement calling the Rams “ungrateful” for the ask.
“Not surprisingly, the Rams have found yet another way to be ungrateful for all the support they’ve received from St. Louis, the greater community and the fan base that once supported them so enthusiastically,” Kitty Ratcliffe, convention commission president, said in a statement.
St. Louis has already spent “tens of millions of dollars in its fight with the Rams” in previous lawsuits, according to the Post-Dispatch.
The PSL issue could be settled in arbitration.
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Chris Cwik is a writer for Yahoo Sports. Have a tip? Email him at christophercwik@yahoo.com or follow him on Twitter! Follow @Chris_Cwik
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