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View Full Version : Clouded NFL ownerships


Kaiser Toro
07-21-2008, 11:35 AM
Snippet:
Being an NFL team owner is often described as one of the country's most exclusive memberships.

Now, after seeing only three team sales this decade, a trio of clubs simultaneously find themselves potentially ready to change hands, underscoring that the bear market and credit crisis have done little to dampen the allure of owning one of the league's 32 teams. The possible sales also reflect the complications that can arise from the sharp increase in franchise values the NFL has enjoyed.

The St. Louis Rams have hired an investment bank to find a group of possible buyers; the Jacksonville Jaguars are once again testing the market; and well-publicized infighting among the five Rooney brothers could imperil their family's 75-year-ownership of the Pittsburgh Steelers.

The Rams hired Moag & Co., sources said, to find a small group of buyers. The team's owners, Chip Rosenbloom and Lucia Rodriguez, inherited the club earlier this year upon the death of their mother, Georgia Frontiere, and have already turned down one offer, a source said. Whether brother and sister want to hold onto the team is unclear, but they are facing a hefty estate tax bill.

Estate taxes famously drove the heirs of Joe Robbie to sell the Miami Dolphins in 1992 for $125 million. Today, the lowest-priced NFL franchise is worth $700 million to $750 million while the top ones come in at more than $1 billion.

http://buffalo.bizjournals.com/buffalo/stories/2008/07/21/story12.html?f=et183&b=1216612800^1669867&ana=e_vert

gtexan02
07-24-2008, 03:59 PM
If we all pool our money together, we could buy the Jags.

Think of all the mayhem we could cause... And the 40 people who actually watch the Jags wouldn't even notice

Hervoyel
07-24-2008, 04:43 PM
If we all pool our money together, we could buy the Jags.

Think of all the mayhem we could cause... And the 40 people who actually watch the Jags wouldn't even notice

If we all pool our money together we could probably really buy a tarp store in Jacksonville and make more money than we would off of the Jaguars. There's an endless need for tarps in Jacksonville during football season.

You got to think these things through gtexan02. Figure out all the "angles" before you go spending your money on "seemingly" lucrative ventures like the Jacksonville Jaguars.

(good time to pull this one out again)

http://i215.photobucket.com/albums/cc272/Hervoyel/2007JagsOpeningDayGUMP.jpg