Name: St. Louis Seeking over $1 Billion in Damages from NFL over Rams' LA Relocation
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St. Louis Seeking over $1 Billion in Damages from NFL over Rams' LA Relocation

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XFour years ago,&nbsp;"Our damages relate to the violation of the relocation policy. The move, the relocation fee, the minimum increase in value to Mr. Kroenke, the minimum increase in value to all the other teams or defendants, the minimum increase in value to Mr. Kroenke's real estate empire, expenses that we incur based on their representations that they might actually think about the new stadium.""The plaintiffs said the loss of the Rams hurt the city and region and benefited the league and its owners, who received a $550 million relocation fee, the lawsuit said. Meanwhile, the value of the Rams increased by nearly $700 million."Among other damages cited by the plaintiffs in the lawsuit were city and county bond obligations totaling $360 million, the loss of more than $100 million in net proceeds, $30 million for the installation of a new playing surface and other renovations, the loss of state revenue of more than $15 million and about $7.5 million in lost property taxes."The city said it also contributed hundreds of millions of dollars to attract and retain an NFL team over the past 20 years, the lawsuit said. The sports complex authority spent more than $17 million during efforts to build a new stadium for the Rams."Per Klayman, the city of St. Louis alleges that it was a victim of "The well-traveled Rams started in in 1936 before moving to L.A. in 1946. They called Los Angeles home through 1979 before moving to Anaheim for 15 years.The Rams then took off for St. Louis and played at the Dome at America's Center for 21 years before moving back to L.A. before the 2016 season.They played in the Los Angeles Memorial Coliseum for four years before moving into the brand-new SoFi Stadium, which they share with the .🚨 SPORTS NEWS ➡️ YOUR INBOXThe latest in the sports world, emailed daily.Maybe later

XFour years ago,&nbsp;"Our damages relate to the violation of the relocation policy. The move, the relocation fee, the minimum increase in value to Mr. Kroenke, the minimum increase in value to all the other teams or defendants, the minimum increase in value to Mr. Kroenke's real estate empire, expenses that we incur based on their representations that they might actually think about the new stadium.""The plaintiffs said the loss of the Rams hurt the city and region and benefited the league and its owners, who received a $550 million relocation fee, the lawsuit said. Meanwhile, the value of...

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St. Louis Seeking over $1 Billion in Damages from NFL over Rams' LA Relocation

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