Looks like ownership for the St. Louis Rams is transferring to Illinois, but the team is staying put. That’s what the St. Louis Post-Dispatch says anyway. Illinois businessman Shahid Khan has entered into an agreement to purchase the team from Chip Rosenbloom and Lucia Rodriguez.

Khan, who is 55, serves as the president of Flex-N-Gate Corp, an auto-parts manufacturer in Urbana, Ill. hopes to be the new controlling stake owner of the St. Louis Rams.

The deal must be approved by NFL owners and Stan Kroenke, who owns 40 percent of the team, has first refusal rights to the others shares. Rosenbloom and Rodriguez own 60 percent of the team after inheriting the shares from their late mother, Georgia Frontiere.

The Rams ended their season with a 1-15 record, the worst in the NFC.

What do you think of the possible sale?

photo courtesy of flickr