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Underwood declines to elaborate on ownership issues

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The Titans still aren’t for sale. And the Titans keep saying it. But the Titans also continue to refuse to shed light on the issues prompting many to think that an involuntary sale could happen.

Team president Steve Underwood, who has made the local media rounds in recent days following the appointment of a new G.M. and non-interim coach, reiterated the not-for-sale position in an interview with the Tennessean while declining to discuss the issues with the ownership structure that have sparked a continuous back-and-forth with the league office since team founder Bud Adams died in October 2013.

Those issues are between our owners and the league,” Underwood told the Tennessean. “They don’t have anything to do with the business we conduct here, trying to put a winning product on the football field and run our football team from day to day. They’re not affecting that. We’re doing everything we need to do to fix whatever issues we have competitively. The rest of our businesses runs great. We’re on track to achieve all the goals we want to otherwise where our business operations are concerned. But we have never discussed the fixes we need to put in place where our ownership structure is concerned. We are continuing to work with the league on a daily, weekly, monthly basis and we’re going to continue to do that.”

The mere fact that the Titans and the league office are discussing issues that remain secret on a “daily, weekly, monthly” basis naturally invites speculation that: (1) at some point the discussions will end; (2) the NFL will tell the Titans what must be done to get the ownership structure in compliance; and (3) the team’s options for complying could include selling all or part of the equity in the team.

No one knows how likely those outcomes are because no one will say what the issues are. The fact that no one is talking suggests that the issues are serious and difficult to resolve, with the communications less related to negotiating fixes and more to do with arguing over whether fixes are even needed.

Until the situation is resolved, the chatter regarding a possible sale won’t go away.

“We’re working on it every day,” Underwood said. “We don’t want it to be a distraction. Sometimes the resolution of difficult problems can take a long time. I would think that at one point, the fiction writers about the sale of our team would grow tired of saying it’s going to happen and it never happening. In fact, I believe one of them at one time guaranteed it was going to be sold last year. I think the people who read him need to write for their money back because it hasn’t happened.”

Money ultimately may be the issue here, as in whether one or more of the owners has enough of it to buy out enough of the owners to allow the overall structure to comply with league rules.

“Amy [Adams Strunk] has made it abundantly clear that nothing about our ownership is going to change,” Underwood insisted. “I’m not sure how many different ways I can say that. They’re not selling. The team is not for sale. I’ve never seen a credible source cited — a name — that says the team is for sale. One of the sources of [the Titans ownership group’s] frustration and mine is that there are all these reports without a single source being cited. So from my perspective, I look at it and say, ‘Who would plant those kinds of stories that are false and erroneous?’ The leading contenders have to be people who want to buy an NFL team. But they need to look elsewhere. This team is not for sale.”

Yes, the team is not for sale. And as long as the Titans eventually persuade the NFL — after more than two years of ongoing discussions — to leave the Titans alone, the Titans won’t be for sale. But if the NFL ever says that the time for talking has ended and the moment for compliance with league rules has arrived, that will change.

It remains impossible to know whether that will ever happen because the Titans and the NFL continue to refuse to talk about the situation. Which suggests that, at some point, something other than air is going to hit the fan in Nashville.

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20 Responses to “Underwood declines to elaborate on ownership issues”
  1. redrew says: Jan 23, 2016 2:26 PM

    Another Goodell effort to manipulate the media with false and negative information in order inflict damage on an enemy…..refer to NE and Tom Brady.

  2. skawh says: Jan 23, 2016 2:43 PM

    May as well sell the team for the Titans haven’t had a playoff win since 2003.

  3. spittake1 says: Jan 23, 2016 2:44 PM

    It’s amazing how Patriots fans can always find a way to make every story about the Patriots.

  4. titans109 says: Jan 23, 2016 2:58 PM

    I hope if they ever do decide to sell the franchise, they will take mularky & his great assistant hires with them!

  5. stew48 says: Jan 23, 2016 3:35 PM

    Instead of the “News and Rumors” cap that you use, why not change to “Rumors, new, old and ancient”. This story fits better with that banner.

  6. realdealsteel says: Jan 23, 2016 3:45 PM

    If (or when) they sell the team, they need an entire uniform change. Starting with getting rid of that terrible logo.

  7. doggeatdogg says: Jan 23, 2016 4:38 PM

    What is the ownership structure of that team. How many people in the family are owners and do they all have a voice regarding the team. Maybe if they publicize it, we can see for ourselves what the problem is.

  8. j0esixpack says: Jan 23, 2016 5:37 PM

    Can’t we just force out the Owners who pull Goodell’s strings?

    The owners don’t follow their own rules that say “the commissioner shall be a person of unquestioned integrity”

    I’d love to see any owner stand up and be asked at a press conference if he or she thinks Roger Goodell has “unquestioned integrity” after not one but TWO US District Court Judges effectively stated that Roger LIED under oath

  9. a1b24312 says: Jan 23, 2016 6:22 PM

    Until it is.

  10. thisonesforpat says: Jan 23, 2016 6:38 PM

    [fill in a deceased owners name: Robbe, Rosenbloom, Jack Kent Cooke“…has made it abundantly clear that nothing about our ownership is going to change,” a team official insisted.

    Not only don’t you know that, you cannot know that for certain. Not at this time. What is certain is there must be “trouble in Denmark” if we’re talking about it.

    Usually it’s the estate tax that forces a team sale; bad estate planning. But here you’re confronting a 32 member organization about rules in-place for proper ownership. Better get your house in order before the NFL throws you out and sends in Harvey Keitel.

  11. docboss says: Jan 23, 2016 8:28 PM

    “Compliance with league rules”. LMAO. Rules as in in “cross ownership”.
    As in relocation “rules” that are really only “guidelines”. Titans should do a deal with Jerry Jones. Then they would be ok. League rules are for suckers.

  12. jonathankrobinson424 says: Jan 23, 2016 9:21 PM

    ……..The Titans have been a expansion team for over 20 years…Still trying to fiqure out how the state of Tennessee has a pro team…..even Tom Hanks was shocked in Castaway. Sell the team and move it to San Antonio.

  13. ymca2014 says: Jan 23, 2016 10:34 PM

    Moving to San Antonio makes sense.

  14. Brandon in Northwest Suburbia says: Jan 23, 2016 10:56 PM

    Yeah…if you want people to take what you are saying seriously, they first need to take you seriously.
    That ain’t gonna happen with that crime against facial hair on your face…

  15. baldbuc says: Jan 24, 2016 12:09 AM

    San Antonio Oilers. Bring back the oil Derrick.

  16. jfbowman says: Jan 24, 2016 12:52 AM

    They should never have left Houston.

  17. jimmysee says: Jan 24, 2016 3:06 AM

    Someone tell that guy to take that furry muskrat off his face. He’s not 23 anymore.

  18. harrisonhits2 says: Jan 24, 2016 8:01 AM

    As long as the money machine keeps rolling these owners don’t care the slightest if the Titans win or not.

    This is big problem in the league now. At least a dozen teams operate under owners like this.

  19. savethebs says: Jan 25, 2016 9:12 AM

    If (or when) they sell the team, they need an entire uniform change. Starting with getting rid of that terrible logo.

    —————————–

    As a Titans fan I actually agree. These uniforms are stuck in the 90’s. The secondary logo of the sword “T” is much better IMO anyway. But I’d want a complete overhaul. Hell, they could even sell more jerseys!! Win win.

  20. alonestartexan says: Jan 25, 2016 12:04 PM

    The Houston Oilers are dead, they died 20 years ago, GET OVER IT! Houston has a new team, they’ve had it for 14 years, MOVE ON!

    Nashville is a great city and a good market. Unfortunately, they inherited an ancient owner and a family with too many ties to Texas.

    Oh, and fwiw, the logos are great but the uniforms do need an overhaul.

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