Chicago Sun-Times

Urbana businessman to buy majority stake of Rams

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Shahid Khan, president of Urbana-based Flex-N-Gate Corp, has agreed to purchase 60 percent of the St. Louis Rams, according to the St. Louis Post-Dispatch.

It's hard to find information specifically about Khan, who is a graduate of the School of Mechanical and Industrial Engineering at the University of Illinois, according to the newspaper.

But Flex-N-Gate Corp., according to its website, describes itself as an original equipment manufacturing leader since 1968, with over 9 ,500 employees at 48 manufacturing and 9 product development and engineering facilities throughout Canada, the United States, Mexico, Argentina, and Spain. The company's products are largely car parts, including full bumper and fascia systems and spare tire hoists, hinges, checks, pedals, parking brakes,and latch systems.

Citing multiple league sources, the Post-Dispatch said Khan will purchase the 60 percent of the team owned by siblings Chip Rosenbloom and Lucia Rodriguez, who inherited the franchise from their late mother, Georgia Frontiere, in early 2008.

One of the keys to the sale, according to the newspaper, is Khan's inclination to keep the franchise in St. Louis.

NFL owners must approve the sale.

Stan Kroenke, who owns the NBA's Denver Nuggets and the NHL's Colorado Avalanche, owns the remaining 40 percent of the Rams.

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This page contains a single entry by Sean Jensen published on February 11, 2010 7:21 AM.

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