Jump to content
Sign in to follow this  
Jonboy

Episode 138 - Preseason Preview and...the Team's for Sale?!

Recommended Posts

On SAS selling 1/3 of the Titans -- she can't just sell 1/3 of the Titans because it's KSA who owns the Titans, not the actual family member. Yes, the family members do own KSA, but it would take approval from the Board to sell 1/3 off one of its assets, and then you have KSA owning 66 2/3% of the Titans and some jabroni owning 33 1/3%. SAS would still own 33 1/3 % of the remaing 66 2/3% because she would still own 33 1/3% of KSA. Thus, sense KSA owns 100% of the titans, SAS has to sell her third of KSA to get completely out. If KSA sold 1/3 of the Titans, each family member would end up owning less because you no longer own 1/3 of 100%, but 1/3 of 66 2/3%, which is roughly 22% for AAS and even less for the kids. 

Share this post


Link to post
Share on other sites
1 hour ago, ChesterCopperpot1 said:

On SAS selling 1/3 of the Titans -- she can't just sell 1/3 of the Titans because it's KSA who owns the Titans, not the actual family member. Yes, the family members do own KSA, but it would take approval from the Board to sell 1/3 off one of its assets, and then you have KSA owning 66 2/3% of the Titans and some jabroni owning 33 1/3%. SAS would still own 33 1/3 % of the remaing 66 2/3% because she would still own 33 1/3% of KSA. Thus, sense KSA owns 100% of the titans, SAS has to sell her third of KSA to get completely out. If KSA sold 1/3 of the Titans, each family member would end up owning less because you no longer own 1/3 of 100%, but 1/3 of 66 2/3%, which is roughly 22% for AAS and even less for the kids. 

Yep. And it's gotta be a barrier to someone else's interest in purchasing. You're buying interest in a bunch of other stuff.

Share this post


Link to post
Share on other sites
1 hour ago, Jamalisms said:

Yep. And it's gotta be a barrier to someone else's interest in purchasing. You're buying interest in a bunch of other stuff.

Well KSA isn't going to sell a third of the team just to make it easier for SAS to get out, and they shouldn't. 

Share this post


Link to post
Share on other sites
28 minutes ago, ChesterCopperpot1 said:

Well KSA isn't going to sell a third of the team just to make it easier for SAS to get out, and they shouldn't. 

Nobody is suggesting otherwise.

 

We only discussed the implications for buyers in terms of how the appeal of NFL ownership may be reduced ... and the impact / potential frustration on the seller.

Share this post


Link to post
Share on other sites
Just now, Jamalisms said:

Nobody is suggesting otherwise.

 

We only discussed the implications for buyers in terms of how the appeal of NFL ownership may be reduced ... and the impact / potential frustration on the seller.

I thought I heard someone suggest just trying to sell a 1/3rd of the team without the other assets. Maybe I misheard that. I will go back and listen again.  

Share this post


Link to post
Share on other sites
4 minutes ago, ChesterCopperpot1 said:

I thought I heard someone suggest just trying to sell a 1/3rd of the team without the other assets.

Ah, yeah. Now that you mention it, I think that was mentioned by someone in passing. Thought I responded on show but I agree... Susie doesn't own those assets - she's owns the trust.

 

She can't if she wanted to.

Share this post


Link to post
Share on other sites

Maybe KSA should officially sell the team, period. Let AAS (and other minority owners) buy shares of the team in exchange for shares of the remainer of KSA. That would at at least separate the entities without the owners having to spend out of pocket.

 

Unfortunately, this seems unlikely to happen. I wonder how much the profits of the Titans have been going to fund the rest of KSA, especially since oil dropped a few years back.

Edited by Starkiller

Share this post


Link to post
Share on other sites
55 minutes ago, Starkiller said:

Maybe KSA should officially sell the team, period. Let AAS (and other minority owners) buy shares of the team in exchange for shares of the remainer of KSA. That would at at least separate the entities without the owners having to spend out of pocket.

 

Unfortunately, this seems unlikely to happen. I wonder how much the profits of the Titans have been going to fund the rest of KSA, especially since oil dropped a few years back.

A trust is very hard to change. Someone with more knowledge can chime in, but I think you would have to fight a court battle on the interpretation of the trust. Written by lawyers, it is usually hard to have different interpretations of the document. They probably state the rules in every way imaginable in the document.

Share this post


Link to post
Share on other sites
Just now, Tex in a Can said:

A trust is very hard to change. Someone with more knowledge can chime in, but I think you would have to fight a court battle on the interpretation of the trust. Written by lawyers, it is usually hard to have different interpretations of the document. They probably state the rules in every way imaginable in the document.

This is true, but if you can sell a share of the umbrella organization then I don't see why that wouldn't be just as problematic in terms of the trust itself.

Share this post


Link to post
Share on other sites
28 minutes ago, Starkiller said:

This is true, but if you can sell a share of the umbrella organization then I don't see why that wouldn't be just as problematic in terms of the trust itself.

I get it being problematic as in difficult to attract customers but are you saying it would be problematic in terms of even being allowed to sell?

Share this post


Link to post
Share on other sites
18 minutes ago, Jamalisms said:

I get it being problematic as in difficult to attract customers but are you saying it would be problematic in terms of even being allowed to sell?

That may depend on the nature of the trust. 

Share this post


Link to post
Share on other sites
Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   You have pasted content with formatting.   Restore formatting

  Only 75 emoticons maximum are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

×