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."