Report: Soros Not Bidding On Football Team

Oct 16 2009 | 1:15pm ET

Billionaire hedge fund honcho and philanthropist George Soros is not putting some of his substantial wealth towards the purchase of a football team.

Media reports had indicated that the Soros Fund Management founder, whose fortune stands at $13 billion, according to Forbes magazine, was part of a bid for the National Football League’s St. Louis Rams. But SportsBusiness Journal reports that Soros has nothing to do with the proposal led by Dave Checketts, the owner of hockey’s St. Louis Blues and the former president of basketball’s New York Knicks.

Soros, an outspoken liberal and supporter of President Barack Obama, is not the only politically-active celebrity rumored to be part of the bid: Right-wing talk show host Rush Limbaugh had been a member of the bidding group before Checketts dropped him in the face of controversy.

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