HoopsHype Stan Kroenke rumors

April 29, 2014 Updates
May 31, 2013 Updates

Prior to his departure, Ujiri issued a statement expressing his gratitude to the Nuggets. "First and foremost, I would like to thank Stan and Josh Kroenke for the opportunity they have given me over the past three years," Ujiri said. "It was a very difficult decision to leave Denver, but the Nuggets remain in good hands. I’d also like to thank the coaching staff for their work and the fans for their support and dedication. I’ll always have a special place in my heart for the city of Denver and the Nuggets as an organization." NBA.com

March 14, 2013 Updates
March 10, 2012 Updates

Q: What advice has your father Stan Kroenke given you as you go through your first two years dealing with the ups-and-downs of the season and the other challenges inherent to running an NBA team? A: There are too many games to think about one win or one loss too much. You always have to be looking forward and moving forward. When it comes to some of the business stuff, he’s taught me extremely well. I’ve been groomed for this position for quite some time. While I understand a lot about the way the business works, I also know there’s a lot that I don’t understand yet. That’s where (Kroenke Sports & Entertainment executives) Jim Martin, Bruce Glazer, Mark Waggoner, Kurt Schwartzkopf, Stephen Stieneker, and all of the rest of our executive level guys come in. They do an unbelievable job of helping me out. For a young executive like me, they make things a lot easier and help me learn when I have questions … of which I have a lot! NBA.com

February 28, 2012 Updates

Michael Heisley and Tony Ressler were eliminated from the Dodgers bidding on Monday, leaving seven parties in contention to buy the team, according to multiple people familiar with the sale process but not authorized to discuss it. St. Louis Rams owner Stan Kroenke, Beverly Hills-based real estate developer Alan Casden and a group led by Stanley Gold and the family of the late Roy Disney remain in the bidding. The other four: Magic Johnson and veteran baseball executive Stan Kasten; Connecticut investor Steven Cohen and longtime Los Angeles agent Arn Tellem; New York media executive Leo Hindery in partnership with Tom Barrack, chairman of Santa Monica-based Colony Capital; and Jared Kushner, owner and publisher of the New York Observer and son-in-law of Donald Trump. Los Angeles Times

Chicago businessman and Memphis Grizzlies owner Michael Heisley remains in the running to buy the Los Angeles Dodgers. A source familiar with Heisley's group and Major League Baseball said Monday night that his group hasn't been eliminated from consideration, contrary to an earlier report. Although some groups, such as one headed by Chicago White Sox senior advisor Dennis Gilbert, have been eliminated, the source said talks with Heisley's group and MLB are still on-going. Chicago Tribune

January 24, 2012 Updates

The Dodgers received "more than 10" opening bids for the team by Monday's deadline, according to a person familiar with the sale but not authorized to discuss it. As the bankers handling the sale evaluate the bids, prospective buyers can evaluate whether to join forces. In addition, because the bankers can waive the deadline at their discretion, new bidders could emerge. St. Louis Rams owner Stan Kroenke has explored whether to bid for the Dodgers, two people familiar with the sale process said Monday. It is uncertain whether Kroenke has submitted an offer. Rams spokesman Ted Crews did not return messages Monday night. Outgoing owner Frank McCourt expects the Dodgers to sell for at least $1.5 billion. Los Angeles Times

Dallas Mavericks owner Mark Cuban submitted a bid by Monday's deadline, as did East Coast hedge fund giant Steven Cohen and former Dodgers owner Peter O'Malley. Los Angeles Times

September 22, 2011 Updates

In fact, according to a Forbes report cited by I am a GM, 12 NBA owners rank among the 400 richest people in America. Nuggets owner Stan Kroenke, however, is the only person on the list for whom “sports” is listed as the primary source of wealth. Here’s where NBA owners rank on the list, as well as reported net worth. No. 23 Paul Allen, Portland TrailBlazers, $13.2 billion. No. 60 Richard DeVos, Orlando Magic, $5 billion. No. 75 Mickey Arison, Miami Heat, $4.2 billion. No. 107 Stan Kroenke, Denver Nuggets, $3.2 billion. No. 159 Tom Gores, Detroit Pistons, $2.5 billion. N0. 171 Mark Cuban, Dallas Mavericks, $2.3 billion. Sporting News

June 20, 2011 Updates

Add to that NBA owners who also own NHL teams -- a group including Leonsis (Capitals), Stan Kroenke (Nuggets, Colorado Avalanche) and Philip Anschutz (part-owner of the Lakers and owner of the NHL's Kings) and who survived the cancellation of the 2004-05 season in that sport after a lockout lasting nearly a year -- and you have a strong cross- section of owners who are emboldened to do whatever it takes to create a system that ensures profitability. That's something you have heard from Stern and deputy commissioner Adam Silver over and over again during the past 18 months. "The old guys, they'd made a lot of money already," said a longtime and former senior executive of an NBA team who's been involved in previous collective bargaining sessions with the players. (Like just about everyone quoted in this piece, he obviously cannot be named.). "Now you have guys saying 'I'm losing money, and I have to find a way to make this team that I bought for $350 million worth $500 million.' " NBA.com

April 17, 2011 Updates

Stan Kroenke comes across, to those who know him well, as outgoing, passionate, funny and incredibly proud of his daughter, Whitney, 33, and his son, Josh. Perhaps the most telling accomplishment of Stan and Ann Kroenke is, wealth notwithstanding, how normal their kids turned out. "Our parents always emphasized hard work, character and loyalty — they helped put everything in perspective," said Whitney Kroenke, who Josh proudly calls "the smart one." "Growing up, he (Josh) was a rambunctious little boy, and he's grown into this incredibly poised man. It's been really fun to watch." Denver Post

April 11, 2011 Updates

Kroenke raised his stake in Arsenal from 29.9 percent to 62.89 percent by agreeing to buy shares from fellow directors including Danny Fiszman and Nina Bracewell-Smith. The deal values the club at 731 million pounds ($1.2 billion). By going over the 30 percent threshold, the 63-year-old Kroenke is obliged to make a mandatory cash offer for the remaining shares. "We are excited about the opportunity to increase our involvement with and commitment to Arsenal," Kroenke said in a statement to London's Plus Market. "Arsenal is a fantastic club with a special history and tradition and a wonderful manager in Arsene Wenger. We intend to build on this rich heritage and take the club to new success." USA Today

April 10, 2011 Updates

American investor Stan Kroenke is set to take control of Premier League club Arsenal and end the long-running uncertainty about the ownership, according to a supporters group. Kroenke, who also owns the NBA's Denver Nuggets and the NHL's Colorado Avalanche, is already Arsenal's largest shareholder and a director. The Arsenal Supporters' Trust told The Associated Press on Sunday that Kroenke plans to raise his holding from just under 30 percent to 62 percent, exceeding the 50 percent threshold that gives him legal control. Chicago Tribune

March 7, 2011 Updates
February 19, 2011 Updates

Carmelo Anthony's future is now in James Dolan's hands. Dolan, the chairman of Madison Square Garden, could decide as early as Saturday whether to agree to a blockbuster deal with the Denver Nuggets or risk losing the All-Star forward to the Nets. The Daily News has learned that Dolan met with Anthony and Josh Kroenke, the Nuggets' president and son of team owner Stan Kroenke, on Thursday in Los Angeles. The meeting took place after the Nuggets and Nets had tentatively agreed in principle to a deal that would require Anthony to sign a three-year, $65 million extension with New Jersey. New York Daily News

February 16, 2011 Updates
February 9, 2011 Updates
February 8, 2011 Updates

Garden chairman James Dolan is taking a more active role in the Knicks' pursuit of Carmelo Anthony and has had direct negotiations with Denver Nuggets owner Stan Kroenke, the Daily News has learned. According to a source familiar with the negotiations, Dolan's decision to become more involved in the Anthony trade talks is a sign that the Knicks are closing in on a deal for the All-Star forward. "And I would also think that at this point everyone is looking to take credit if Carmelo comes to New York," said one Knicks source. New York Daily News

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