Up to six potential buyers in play for Titans, who still aren’t for sale

AP

Last weekend, PFT reported that the Titans and the league office currently are working through issues regarding the team’s ownership structure. Those issues could result in litigation.

They apparently won’t result in a voluntary sale of the team, which is what makes litigation a real possibility. Unless the league relents in its position that: (1) the current structure doesn’t comply with league rules; and (2) the only way to comply with league rules is to sell, the choices for current ownership will be to become pariahs among their partners by playing the antitrust card — or no longer having partners at all.

The Titans continue to insist they’re not for sale, which underscores the notion that they won’t sell voluntarily. Still, someone has been lining up potential buyers. Per multiple sources, as many as six ready, willing, and able purchasers of the franchise have been identified by the league.

Earlier this week, team president Steve Underwood admitted that issues regarding ownership exist.

“Those are things we’re working through with the league since I came back to work here,” Underwood told reporters, via the Tennessean. “We’ve made progress in trying to work through our issues with the league. I think we’ve made good progress. We expect to continue working with the league to help get there.”

He also reiterated once again that the team isn’t for sale, and he opted not to comment on PFT’s report that an antitrust lawsuit could be looming to prevent a forced sale.

“We have never discussed those things publicly, and we’re not going to start this afternoon,” Underwood said.

The question becomes whether the fight between the league office and the Titans ever goes completely public, with the NFL dropping the hammer by mandating that the Titans comply with applicable ownership bylaws by a certain date — and with the Titans responding by dropping a lawsuit into the lap of the league office.

35 responses to “Up to six potential buyers in play for Titans, who still aren’t for sale

  1. The league have no leg to stand on from a legal point of view. The Titans ownership structure is totally compliant, it’s not a perfect structure but it’s more easily understood than other teams around the league (the Rooneys and Steelers come to mind).

  2. Lets hit the Whoa button on this. I agree Titans ownership was adrift for awhile but I think Amy should be given a chance to right the ship. If she can’t do it or isn’t really interested then yes let us start looking for new ownership.

  3. “Those are things we’re working through with the league since I came back to work here,” Underwood told reporters, via the Tennessean. ”
    —-
    Makes you feel all warm and fuzzy if you’re going to be the GM and coach of that mess. Poor Mariota and poor Jameis Winston. Good young QBs who landed in horrible ownership situations. I guess it could be worse if they came back for this year’s draft. Cleveland is on the clock, lol.

  4. What are the issues that the NFL specifically have with regards to the owenership structure? The Adams “family” owns 100% of the team with each daughter (Susie & Amy) owning 33.3% and the grandkids and their mother owning 33.3%?

  5. There IS hope in Cleveland.

    Some normal billionaire (if there is such a thing) buys the Titans and trades them for the Browns.

    Then Haslam can hire Manning to run Tennessee.

    Might be a win/win…

  6. What exactly is the problem here? Bud Adams died and left the team to his kids/grandkids. This happens all the time — Raiders, Bengals, Rams, Falcons (many years ago) just to name a few.

  7. Forget the Powerball nonsense. The prize of $800/$900M will be split with the Gov who will most likely take 60%/70%. After which you are left with maybe $300M. With so many people playing you probably will split that with multiple people and lawyers leaving you with $100M. Not chump change but not enough to buy an NFL franchise.

  8. This will be the next stop for Peyton Manning. Bud Adams and Peyton were friends and Peyton loves Ten and it is still where he maintains his off-season home. The Adams family is between a rock and a hard place with the league but by bringing in Peyton as a minority owner and face of the organization, those problems instantly go away. Per league rules, the Adams family would only need to sell Peyton 30% of the team in order for him to officially take over as “Owner” of the franchise. The Adams family gets to retain 70% of their franchise and the league gets to keep their golden boy as a prominent figure in the league. It’s a win win for both parties. Mark my words, this will be how it plays out

  9. chc4 says:
    Jan 9, 2016 11:45 AM
    What exactly is the problem here? Bud Adams died and left the team to his kids/grandkids. This happens all the time — Raiders, Bengals, Rams, Falcons (many years ago) just to name a few.
    __________________

    All of those inherited teams ended up with one clear voice and a majority owner, that has not been the case with Adams’ heirs.

  10. Goodell was hoping he could convince the Adams family to move the team overseas once Bud was out of the picture, but they’re not playing ball….so now he’s lining up puppet ownership and trying to force them to sell.

  11. For the people wondering why the structure is a problem, I’m pretty sure it’s the multiple inheritants. The Raiders for instance didn’t go to Al Davis’ son even, but it’s owned by his mother. This is why Jack Kent Cooke’s children had to sell to Daniel Snyder and why the Rosenbloom kids had to sell after Georgia Frontiere died when she had inherited the Rams from well, Carroll’s unfortunate “accident” back in the day. The Wilson kids went through this as well. Had he named one of them the heir like with the Maras and Tishes who named 1 son from each owner to take over, then this would have not been an issue. Bringing up the Steelers is a nonstarter because they had a special exemption for their case grandfathered in. Something tells me the Adams girls aren’t going to get the same grandfather situation from the league and without that, they’ll lose in court.

  12. Jimmy Haslam lives in Tennessee. Maybe he can find a way to wheel and deal the Browns and apply his great ownership learnings to the Titans.
    On second thought I wouldn’t wish that on any team.

  13. Jerrah Jones should sell the cowboys and buy the titans. That way he wouldn’t have expend as much time ruining the cowboys as he would already have what he seeks……a dumpster of a team.

  14. Tenn. Governor Bill Haslam will buy the team in an attempt to upstage his older brother in Cleveland.

  15. There has to be one clear ownership voice not a whole bunch of people claiming the team because it belonged to daddy. Is there a majority owner. If they have a bunch of relatives owning the team, they will have problems. Perhaps they can rectify that to get in line with the NFL requirements and before going to court. It the relatives are not in agreement with that (someone having to give up their ownership shares) they will have issues.

  16. All the packer “shareholders” are complete morons with no education. All they really have is a piece of paper .

    As to the powerball, it’s up to 1.3 billion. If I can talk my wife into it, i will make an offer to buy the Titans.

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