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Article: KROENKE LANDS CANADA'S BIGGEST CATTLE RANCH AVALANCHE OWNER TO PAY $68.5M FOR PROPERTY SEIZED BY WORLDCOM.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- May 31, 2003
- Author:
CopyrightCOPYRIGHT 2003 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Steve Caulk
ROCKY MOUNTAIN NEWS
Bloomberg News contributed to this report.
Stan Kroenke couldn't keep Canada's biggest goaltender, but now at least he gets Canada's biggest cattle ranch as consolation.
The Denver sports magnate added to his portfolio of North American ranches Friday when he agreed to purchase the 514,000-acre Douglas Lake Ranch for $68.5 million. Kroenke is buying the ranch from WorldCom, the bankrupt telecommunications company, which had seized it from former Chief Executive Bernie Ebbers.
It is the biggest working cattle ranch in Canada and bigger than either of the other two ranches Kroenke owns in ...