That $725 Million Texas Ranch Was Bought By Rams Owner Stan Kroenke

By on February 15, 2016 in ArticlesBillionaire News

Back in October of last year, we told you about the $725 million Waggoner Ranch for sale in Vernon, Texas, and its prospects for actually receiving offers were uncertain, at best. But Stan Kroenke, the billionaire owner of the formerly-St. Louis, now-Los Angeles Rams, has stepped in at the clutch and snapped up the 520,000-acre estate for himself – although the precise terms of the sale have not been made public.

That means that the $725 million listing price is the only available figure, and since Kroenke's net worth is over $7 billion, it's not exactly out of his price range even if he didn't manage to negotiate a lower sum. It's also well within his metier as far as acquisitions are concerned, since Kroenke is the reported owner of 11 ranches across Montana, Wyoming, Arizona, and even British Columbia. And in a statement released to the media about the purchase, Kroenke seems extremely enthusiastic about the deal:

"This  is  an  incredible  opportunity  and  an  even  greater  responsibility. We  are  honored  to  assume  ownership  of  the  Waggoner  –a  true  Texas  and  American  landmark  –and  are  deeply  committed  to continuing  the  proud  legacy  of  W.T.  "Tom"  Waggoner,  his  family  and  his  descendants.  Our  gratitude  to  them  and  to  the  many  parties  involved  in  this  process  is  immense.  We  will  continue  to  preserve  and  protect  this  uniquely  American  treasure."
Dilip Vishwanat/Getty Images

Dilip Vishwanat/Getty Images

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It's good news for people who care about such things that Kroenke intends to "preserve and protect" the Waggoner Ranch, since it holds the unique distinction of being the largest ranch in the United States that's surrounded by a single fence. It's also good for Kroenke himself, that he's not likely to experience any buyer's remorse for the property, since his move of the Rams from St. Louis to Los Angeles is probably taking up a lot of his time and energy at the moment.
The only people this news might be bad for is anyone hoping to one day call the Waggoner Ranch their own – if you've been saving up since October, maybe you can find yourself something else to spend your money on.

 

Articles Written by Joseph Gibson
Joseph Gibson is a freelance writer currently based in Austin, TX. His main interests are movies, music, books, and other things you can watch, read, or listen to. Follow Joseph on Google+.
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