Prominent sports owner and billionaire Stan Kroenke, who just moved the Rams to Los Angeles, will purchase the W.T. Waggoner Estate Ranch in Texas, which is listed at a whopping $725 million.
Bloomberg's Bryan Gruley reported on the real estate transaction Tuesday and included a statement from Kroenke.
“This is an incredible opportunity and an even greater responsibility,” said Kroenke. “We are honored to assume ownership of the Waggoner—a true Texas and American landmark.”
The 520,527-acre ranch is by far the most expensive plot of its kind in the United States. A Colorado ranch was listed for $175 million when it sold in 2007.