Rams' Stan Kroenke buys $725M chunk of land bigger than L.A., NYC
Rams owner Stan Kroenke just bought a piece of land that's half the size of Rhode Island.
If Stan Kroenke ever decides to move his team again, he can take them to Texas because he now has a plenty of space there. The Rams owner closed on a deal this week that will make him the brand new owner of the W.T. Waggoner Estate Ranch, which consists of roughly 520,000 acres.
To put the size of the ranch in perspective, the 520,000 acres makes it bigger than Los Angeles and New York City -- combined. It is half the size of Rhode Island. It's also 8,667 times bigger than the 60-acre plot of land where Kroenke will be building his new stadium in Inglewood, California.
According to Bloomberg Business, the estate was on the market for $725 million, but it's unknown what Kroenke actually paid.
"This is an incredible opportunity and an even greater responsibility," Kroenke said in a statement. "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."
The ranch, which is located about 175 miles northwest of Dallas, has everything a rancher could ever want. According to Bloomberg, the estate includes: 6,800 head of cattle; 500 quarter horses; 1,000 oil wells; 30,000 acres of cropland; and "an abundance of deer, quail, feral hogs, waterfowl, and other wildlife."
The estate is notable because it's the largest ranch in the country that's enclosed with one fence.
"It takes days to see it all," real estate broker Bernard Uechtritz told Bloomberg in July.
The 68-year-old Kroenke, who's worth an estimated $7.2 billion, now owns ranches in Montana, Wyoming, Arizona and British Columbia, along with Texas.
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