Electra Waggoner Biggs sued in 1991 to sell her family's oil-and-cattle ranch, and after 25 years a court receiver sold it to Stan Kroenke

Daniel Waggoner founded the ranch near Vernon, Texas, in 1852 with 230 longhorn cattle. In 1902 his son W. T. Waggoner found oil while drilling for water. By 1909 W. T. had divided the ranch into four sections, one for himself and one for each of his three children. In 1923 he changed course and put it into a Massachusetts trust in which the children elected the trustees. After his death his children Guy, E. Paul and Electra each held a section. When Guy died in 1950, his sons sold their share to relatives Buster Wharton and Electra Waggoner Biggs. Two family lines then held the ranch: Wharton, through Buster and his son Bucky, and Biggs, through Electra and her daughter Helen. In 1991 Electra Waggoner Biggs sued to liquidate the estate so the ranch could be sold. Bucky Wharton appealed to stop it. The case ran in the 46th District Court of Wilbarger County for more than 25 years. The court appointed a receiver, Mike Baskerville, to sell the ranch. It went on the market in August 2014 at $725 million. It had more than 510,000 acres in six counties, cattle, horses and significant oil reserves, and had never been sold. In February 2016 it was sold to Stan Kroenke, owner of the Los Angeles Rams, for an undisclosed price. Kroenke said he would "protect and preserve" it.