According to CNN News sources:
In a statement released Wednesday evening by St. Louis Blues chairman Dave Checketts -- who is heading the group that hopes to buy the Rams -- he announced Limbaugh's official exit from the bid. It is believed that Limbaugh's controversial participation would have doomed the group's effort in the eyes of NFL owners. League sources told SI.com that Limbaugh's candidacy in any Rams bid had "zero chance'' of being approved by the league's owners. In his statement, Checketts said Limbaugh's participation had become "a complication and a distraction'' to the group's efforts.