Rumor Opinion: Team for Sale?

20-25 years is my guess

 

On just profits from the team alone it would take a while. Chances are that people with the money to invest in a team would have plans to capitalize on their team to maximize profits with other investments

 

Yessiree, and it's been that way for a long time. I think it's a prestige point among the very wealthy. It affords them access to people like heads of corporations, Premiers and Presidents.

There's wealth, and then there's "Own an NFL football team" wealth.

 

Which brings me to my point. Currently the Titans are owned by a group of people who inherited the team. They didn't put in the work to build it from the ground up, nor did they lobby for years to buy it.

They don't reside in the same state whose citizens subsidize the team; they don't close deals that bring in big business to "pay back" the local economy as a result. They simply skim the profits off the top and can't be bothered to properly manage the team, hell they can't even be bothered to show up for half the meetings and announcements involving the franchise.

The team "isn't for sale " because it's still turning a profit for the absentee ownership, plain and simple. It's nothing more than a positive balance in a ledger to these people, or it certainly seems that way to me.

Hopefully the NFL will be able to force them to either improve their brand or sell it to someone who will.

 

just a bunch of blah blah and more blahhh, nothing substantial in that article

 

Titans ownership issues trace to lack of clear succession plan | ProFootballTalk

NFL is demanding one of the heirs have clear ownership of the team, which means buying out the other branches of the family. But if Amy Adams Strunk(or whoever) doesn't have enough resources to buy the others out, there is a real possibility the team could be sold.

The way it is now with 3 sections of the family owning the team was accepted by the NFL as an interim exception only.

 

what exactly is wrong with how we're structured?

 

Heres the article:

"Per a league source with knowledge of the situation, the dispute arises from the fact that team founder Bud Adams did not establish a clear succession plan prior to his passing. Instead, the team transferred to a trust owned in equal amounts by Adams’ daughters (Susie Adams Smith and Amy Adams Strunk) and the children of his late son, Kenneth Adams III. Equal ownership by three separate branches of the family has prevented any one person from owning the team in the way the NFL contemplates.

The heirs of Bud Adams have attempted to make Strunk the controlling owner by agreement, but an agreement among the three to put Strunk in the ownership role doesn’t satisfy the league’s requirement of a person with the clear, legal power to do the things that a controlling owner must be able to do.

The league regarded the written consent to make Strunk the owner a useful interim step, but the league also does not believe that the move goes far enough over the long haul. Which is why the NFL is expecting something more.

The easiest way to fix the problem would be for Strunk to completely buy out the other two thirds, but Strunk may not have the resources to pull it off. The Titans are trying to come up with other possible solutions, but the league is taking a black-and-white approach to the situation. The league believes that there must be one owner in full legal control of the team, and the Titans currently don’t satisfy that requirement.

If they ultimately can’t, the options will be to fight the league in court — or to do the thing that the Titans stubbornly insist they won’t be doing: Sell the team."

 

Profootballtalk reports the Titans' ownership issues are the result of the fact that late owner Bud Adams "did not establish a clear succession plan."

The team is now divvied up between three separate branches of Adams' family, and lacks a majority owner. The family is attempting to make Adams' daughter Amy Strunk the controlling stake, but that would require buying out the other two groups. It's unclear if Strunk has those sort of funds. If not, the league could eventually force the sale of the team.


Source: Profootballtalk on NBCSports.com
Jan 26 - 4:13 PM