ST. LOUIS (AP) -The majority owners of the St. Louis Rams have agreed to sell the team to an Illinois businessman who doesn’t want to move the team.
The Rams confirmed the pending sale to Shahid Khan of Urbana, Ill. A sale must be approved by a 75 percent vote of NFL owners.
The team scheduled a news conference for 4 p.m. CST to discuss details of the sale, which was first reported by St. Louis area media including the St. Louis Post-Dispatch.
Khan is the 55-year-old president of an auto parts manufacturer, Flex-N-Gate, in Urbana.
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