The Los Angeles Rams have concluded a settlement with holders of personal seat licenses from the franchise’s former home, St. Louis. The settlement, which involves three different individually-filed class-action lawsuits that were rolled into one, could cost the team $24m (€21m).
The lawsuit – covering approximately 46,000 personal seat licences that ran through 2024 – was settled in mediation.
“This settlement provides a substantial benefit that matches the relief we sought in the lawsuit,” Kevin Green, an attorney for the plaintiffs, said in a statement.
The settlement will refund about 30 per cent of the cost of each personal seat license to each plaintiff, as nine years remained on the original 30-year commitment the Rams had made to the then-Edward Jones Dome in St. Louis. The Rams were allowed to relocate to Los Angeles by an NFL owners vote in January 2016.