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Take It For What It's Worth-Anschutz To Buy Part Of Chargers

Discussion in 'Chargers Fan Forum' started by Pointyearedog, Nov 30, 2010.

  1. Trumpet_Man

    Trumpet_Man New Member

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    Get educated and read instead of pulling numbers out of your rear by posting then editing wrong information.

    NFL pares ownership rule

    NFL pares ownership rule

    By DANIEL KAPLAN
    Staff writer

    Published October 26, 2009 : Page 01

    The NFL has changed its team ownership rules so that a lead owner can now control as little as 10 percent of the franchise, half of the previous minimum, league sources said.

    Owners approved the change at their fall meetings in Boston earlier this month.

    The NFL is renowned for having ownership requirements far more onerous than any other league, but aging owners and increasing team values have combined to create significant estate-planning challenges.

    The recent difficulties the Rooney family endured retaining ownership of the Pittsburgh Steelers in part sparked the revision of the rule.

    “This change helps facilitate succession planning,” an NFL source said.

    Prior to 2004, a controlling owner had to own at least 30 percent of the club, a level installed in the mid-1980s. The league revised the rule in 2004 to allow the lead owner, or general partner, to own as little as 20 percent of the team, but with his or her family needing to own at least another 10 percent, such that the total family ownership would be at 30 percent.

    That ratio can now essentially be flipped, with the controlling owner at 10 percent and his or her family at 20 percent. This should help clubs looking to maintain family ownership of the franchise.

    Timeline of NFL ownership rules
    • Mid-1980s: League institutes new percentage requirement for a lead owner, requiring that the general partner own at least 30 percent of the team. The requirement previously had been 51 percent.
    • 2004: Responding to high team valuations, NFL lowers the required percentage for the general partner to 20 percent for teams that had been owned at least 10 years by the same family, though another 10 percent must be controlled by other family members.
    • October 2009: With estate planning in mind, league lowers the threshold to 10 percent, with at least 20 percent having to be controlled by other family members. The new rule only is triggered by an active succession plan and is eligible only for existing owners. New owners will have to wait a decade before becoming eligible.
    Source: SportsBusiness Journal reporting
    Many NFL teams are family-run, including the Chicago Bears, New England Patriots, Dallas Cowboys and New Orleans Saints. (Saints owner Tom Benson is the chairman of the finance committee that initially approved the new measure). In each of these cases, the principal owner has close family members helping run the team, with the expectation that they will one day take over as principal owners.

    The new rule applies to all current owners and can only be triggered by a succession plan, the sources said. Incoming owners would still be bound by the 20 percent/10 percent rule, though after a decade they would be eligible for the lower threshold, the sources said.

    Two trends collided to force the NFL’s hand. One was rising valuation, notwithstanding some recent pullback caused by the down economy. With the value of some teams now exceeding $1 billion, a 20 percent lead stake would require the son or daughter of an owner to have $200 million to satisfy league requirements. (Depending on debt, the amount could be less).

    At the same time, many of the league’s owners are aging. Several years ago, Mike McCaskey, son of 86-year-old Chicago Bears owner Virginia McCaskey approached the league about relaxing its ownership requirements. The league rebuffed him at the time, but at least on paper, a path to ownership now would be easier for him.

    The Steelers’ situation emerged because the ownership by four Rooney brothers of racetracks ran afoul of NFL gambling restrictions. The brothers inherited the team from their father when he died in 1988. The ownership structure of the team was established before the 30 percent rule was implemented, so even though the five brothers each owned 16 percent, the league allowed the structure.

    Ultimately, owner Dan Rooney ended up with 10 percent and his son, Art Rooney, who now runs the club, 20 percent, sources said. But the transaction would have been easier to structure, these sources said, had Art Rooney needed only 10 percent.

    The NFL’s ownership rule is designed to prevent syndicates of owners from owning the league’s teams, a situation that has occurred in the NHL and MLB. The idea behind a high percentage requirement for the general partner is to have a single voice running the team and a person who would be able to step in financially if so needed.

    As a result, some critics question the NFL’s move.

    “It creates additional risk for the clubs without having a deep-pocketed lead investor,” said Joe Kosich, formerly a sports banker at major sports lender Wachovia and who now runs his own sports advisory boutique, Dornoch Capital Advisors. “I really don’t like the idea of them lowering the threshold for existing clubs.”
     
  2. Concudan

    Concudan Caffeinated Commando

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    Simmer down Nancy, people in glass houses shouldnt throw stones.
     
  3. Buck Melanoma

    Buck Melanoma Guest

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    Go phuck yourself, blowhard. You spread manure all of the time.
     
  4. Trumpet_Man

    Trumpet_Man New Member

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    Know your place.

    There is nothing worse than someone pretending to know something when they know very little.

    You got schooled. Take it.
     
  5. in_a_days

    in_a_days dgaf

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    Dude, my band opened up for those guys Halloween '09 at The Hard Rock out here. Great song.
     
  6. Trumpet_Man

    Trumpet_Man New Member

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    Since the team is as good as gone, we may as well cut to the chase.

    There is already a contingent of fans who will consider the long time hard cores who do not support this team in Los Angeles as Traitors, bandwagoners, not a real fan, POS, You suck because we still believe, you are gay, your mother is a dog, I hate all the old time faithful fans who left us, ......

    May as well start a new thread showing how all the Chargers fans who supported this team for 50 years will now have to hear it from the contingent who have that moral superior attitude.To the fans who have the class to say thanks for the memories, you are welcome.To the rest - good luck on the quest.

    Who would like to start the thread that Chargers fans of 50 years SUCK because they will not root for a Los Angeles team ?

    Step up. I know the list already.
     
  7. HollywoodLeo

    HollywoodLeo Well-Known Member

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    You don't suck because you won't root for them in LA. I certainly get it.

    Just don't try and pretend the younger crowd isn't as hard core as you are (or were) just because we're younger and were unable to attend games before we were born, or because I don't "get it" regarding the little brother syndrome many San Diegans have with LA.
     
  8. Trumpet_Man

    Trumpet_Man New Member

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    No one fan is better than another. I have said that countless times.

    I said there are fans who do not "get it" with respects to the LA thing. I find it odd you seem to think I mentioned your name.

    Age has nothing to do with fandom. Living here all your life certainly makes a difference when losing a team. You alluded to that fact so I fail to see your point.
     
  9. Trumpet_Man

    Trumpet_Man New Member

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    More misinformation control since ANT on last nights Podcast thought the kids were in control at 60% after a sale to Anschutz of 36%:

    The Spanos clan has a 15% interest x 4 kids = 60%

    The kids can not pool that into a 60% controlling interest (it is illegal to form a holding company in the NFL as an owner) UNLESS 2 out of the 4 sell out to one family member.

    Given the above, this leaves one Spanos family member with 45% control, another Spanos kid at 15%, Anschutz at 36%, Pernicano at 3%, Tom whathisname at 1% (I forget the dudes name).

    Is this a possibilty ? Yeah but I doubt Dean wants to buyout one of his family members and continue to run this show. He seems disinterested with Fabiani "I did not have sexual relations with that woman" as his mouth piece.
     
  10. Concudan

    Concudan Caffeinated Commando

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    I dont care who you or others root for. It is a free country. Now go cry yourself to sleep.
     
  11. Trumpet_Man

    Trumpet_Man New Member

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    Go find more articles and posts to plagerize.

    You just affirm what I have been saying all along.
     
  12. Concudan

    Concudan Caffeinated Commando

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    Prove your aligations or STFU.
     
  13. Storm Trooper

    Storm Trooper BoltTalker

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    I am and will always be a Chargers Fan For Life regardless of where they go!!! (EVEN MY ARIZONA CAR PLATES SAY SO)

    CHGR4LF.jpg
     
    • Like Like x 1
  14. Trumpet_Man

    Trumpet_Man New Member

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    It is not worth the time. Why prove it again and again and again ? It has already been done. I have seen you add and even change articles to suit your position. Busted cold. That shows ZERO journalistic integrity. Insecurity. Get over it.
     
  15. Concudan

    Concudan Caffeinated Commando

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    :icon_toast::tup::icon_toast:
     
  16. Concudan

    Concudan Caffeinated Commando

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    As usual, all talk no walk. You have yet to prove anything other than you are a bitter old man.

    Either have proof or shut the phuque up. I hope you help yourself and choose the latter.
     
  17. Storm Trooper

    Storm Trooper BoltTalker

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    I am and will always be a Chargers Fan For Life regardless of where they go!!! (EVEN MY ARIZONA CAR PLATES SAY SO)
    CHGR4LF.jpg
     
    • Like Like x 2
  18. Concudan

    Concudan Caffeinated Commando

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    Did'n'ju'jes'sat'that?
     
  19. Storm Trooper

    Storm Trooper BoltTalker

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    Sorry my pc is acting up...
     
  20. Trumpet_Man

    Trumpet_Man New Member

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    Are you still convinced hospitals are all non profits ? You could not even recover from that faux paux you pulled a 65tosspowertrap and disappeared.

    I can dig up articles where you intentionally added your thoughts to an article to claim it as authentic.

    Does the timing of the decertification ring a bell ?

    But why prove to the class that you have been doing some very very bad things? You know you did wrong and could careless what posts I use to bury you so why bother ? It is all there. You went beyond journalistic heresy so why bother when someone will resort to a "I do not give a fuk attitude ?"

    Homie does not play that game.
     
  21. Buck Melanoma

    Buck Melanoma Guest

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    Hey no problem Tony - I'll cop to the fact that I was incorrect in the way that I interpreted the numbers regarding team ownership.

    That does not, however, change the fact that you are more full of **** than a certain piece of spreader equipment that I use on the farm. :)

    Cheers
     
  22. Concudan

    Concudan Caffeinated Commando

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    LOL! What a moron. Dig up what your can. Because you lack the comprehension of a 5 year old does not make me a plagorist. So prove your aligations. Step up, step out from behind the bravado and put your money where your mouth is if you have the balls for it.
     
  23. Trumpet_Man

    Trumpet_Man New Member

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    It is bad enough to get it wrong once but the clincher was the edit. How many times can a guy be wrong before he gets called out ?

    Now kiss my feet.
     
  24. Concudan

    Concudan Caffeinated Commando

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    Getting it wrong is something you know all about...

    Who is it you thought was a pretty good CB again? Hart? Why? His lady showed up at your tailgater...

    Nice criteria there Sir Miss-a-lot...
     
  25. Trumpet_Man

    Trumpet_Man New Member

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    A lot of players have rolled through the tailgaters.

    Now kiss my feet.
     
  26. ntman68

    ntman68 Well-Known Member

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    Rep.
     
  27. Trumpet_Man

    Trumpet_Man New Member

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    For the overseas fans, god bless you guys.

    I doubt the team going to Los Angeles will stop you from rooting for this team.

    This team has a great nucleus.

    With a few more parts (reads BEEF), this team is ready for the dance.

    New fans will fill our void for sure if the team keeps winning and even if they stumble, more fans will hop aboard so do not fret for the block of fans who will be saying adios.

    There will be some killer deals on Chargers gear before the bonfire so keep your eyes peeled.
     
  28. HEXEDBOLT

    HEXEDBOLT Don't like it, lump it!!!

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    Yep the sorry arsed folk of San Diego can kiss Deano's big ole white arse when he leaves. He gave the city and y'all fair warning and time to get something done. You chose to sit on your hands and cry like the bltches you are and deserve to lose the team.
     
  29. wrbanwal

    wrbanwal Well-Known Member

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    I'm not sure how its the people of San Diego. Didn't the fine folks in city hall lay the egg?
     
  30. HEXEDBOLT

    HEXEDBOLT Don't like it, lump it!!!

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    Who the hell voted them in time after time?????
     

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