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Article: Worldcom Sells Former CEO's Canadian Cattle Ranch.
- Article from:
- Daily News (New York, NY)
- Article date:
- May 31, 2003
CopyrightCOPYRIGHT 2003 Daily News. 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: Nancy Dillon
May 31--Worldcom sold 500,000-acre Canadian cattle ranch of former CEO Bernie Ebbers to St. Louis Rams owner Stanley Kroenke to pay loan owed by Ebbers. Bankrupt MCI is finally unloading ex-CEO Bernie Ebbers' sprawling Canadian cattle ranch for $68.5 million.
The buyer is sports mogul Stanley Kroenke, co-owner of the St. Louis Rams football team.
"They got top dollar," said Rudy Nielsen, head of real estate firm NIHO Land & Cattle.
The 120-year-old ranch which covers an area nearly triple the size of New York City, includes fly-fishing lakes and tourist lodges as well as a farm and logging.
Nielsen said ...