The historic W.T. Waggoner Estate Ranch in Texas is one of the most iconic ranches in the State of Texas. It’s bigger than New York City AND the City of Los Angeles combined. In fact, the 535,000-acre ranch is “about the size of Rhode Island” as one ranchhand puts it.
It’s been on the market since 2014, with the family asking a price of $725 million for the massive property. So who bought it? Stan Kroenke, the billionaire owner of the L.A. Rams and all-around rich dude who happens to be married to a Wal-Mart heiress. Kroenke also owns a chunk of the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, and Arsenal F.C. in London.
In theory, the ranch gives him plenty of places to hide from the angry hordes in St. Louis who are pissed about moving the football team to a forthcoming $2 billion stadium in L.A. But the reality is that the Waggoner Ranch is very much so a working ranch: It’s home to 14,000 cows, 160,000 acres of oil property, 26,000 acres of farmland. It employs over a hundred people for various agricultural duties.
This is hardly Kroenke’s first rodeo for ranch-ownership. In fact, he owns 11 ranches in Montana, Wyoming, Arizona, and British Columbia, according to Bloomberg.
Land like that gives a man a lot of space to think about the decisions that he’s made in his life in pursuit of the dollar. You know, like pulling the carpet out from under a city to put it in a city that’s struggled with having a professional football franchise in previous decades.
That stadium he’s going to build, though…