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Jamalisms

NFL issues new ownership rules with significant fines

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As reported by Ben Fischer of Sports Business Daily, and as PFT has confirmed, Commissioner Roger Goodell now has the authority to issue fines of up to $10 million per year to teams that fail to comply with the league rule mandating that one person hold the minimum amount of equity in the team and, most importantly, possess final say over any and all matters on which the various teams periodically vote.

 

The new rule has particular relevance to two franchises. The passing of Titans founder Bud Adams resulted in the transfer of one third of the franchise to each of the three primary branches of his family tree. However, Adams did not give any one of them final and ultimate say over the affairs of the franchise.

 

The league and the Titans tussled for a bit over the defect, with the Titans at one point retaining antitrust counsel (and all that that implies). The war has remained cold, with Amy Adams Strunk serving as the controlling owner under what is to believed to be an agreement that she will have that power until she steps down, and that the power then will flow to her nephew, Kenneth Adams IV.

 

The Broncos, as one source explained it to PFT, have a potential problem that will become relevant after the three-person trust who has been running the team for several years selects one of the seven children of Pat Bowlen to take over. If, as it is believed, ownership has been divided among the seven children equally, the winner of this intra-family Willie Wonka contest (presumably, Brittany Bowlen) would need the other six siblings to permanently surrender to the winner the power to run the team.

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This always seems to get overhyped but it could be interesting to watch. If nothing else, it could force the Titans or any other franchise to more permanently formalize any control decisions, effectively removing the ability of family members to shift allegiance and have control flip like it did in the past.

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It gets overhyped and harped on by one guy - Florio - who's a complete tool.  Nobody else cares and the idea that they would force the Titans to be sold isn't going to happen.

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And the NFL will cave if they try to force a team sale for one of the 32 franchises - a legal fight regarding Antitrust Immunity would be disastrous for the league.  No way they would win that.

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