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Source: Titans ownership situation still “a mess”

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Over the weekend, Titans owner Amy Adams Strunk expressed a belief that concerns regarding the team’s ownership structure soon would be resolved. Others aren’t nearly are optimistic.

As one source with knowledge of the discussions tells PFT, the Titans ownership situation is still “a mess,” with the NFL not satisfied by efforts to address issues with the hierarchy — and with the possibility of a forced sale still very real.

The situation arose when team founder Bud Adams failed to bequeath clear power and control over the team to one, and only one, person. Instead, Adams spread the authority and ownership equally among the three branches of his family tree.

As the source explained it, the three family members remain unable to resolve control issues in a way that ensures one, and only one, of them will control the team going forward. There’s a belief in league circles that Kenneth Adams IV, the grandson of Bud Adams, may be inclined to push for a sale of the franchise if he ultimately doesn’t have a path to ownership and control.

Said Titans president Steve Underwood in response to a request for comment from PFT: “Anonymous sources related to Titans ownership are always unreliable and misinformed, which is why they are always anonymous.”

Strunk has control of the team, along with 33-percent ownership. Her sister, Susie Adams Smith, owns another 33 percent. Kenneth Adams IV, his mother (Susan Lewis), and his brother (Barclay Cunningham Adams), each own 11 percent.

The situation has been an ongoing matter of concern for the league since Bud Adams passed in October 2013, prompting the NFL to impose a requirement that all teams submit succession plans that clearly provide for a structure that ensures this issue won’t arise when a current owner passes.

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30 Responses to “Source: Titans ownership situation still “a mess””
  1. key2heat says: Mar 22, 2016 10:06 PM

    Any statement given by Titans brass should begin with an apology.

  2. bk813 says: Mar 22, 2016 10:30 PM

    Does this mean we will be forced to watch Jerry Jones Jr. make a mess of the Cowboys at some point?

  3. finfansince68 says: Mar 22, 2016 10:36 PM

    Everything about anything in the state of Tennessee is a mess!

  4. clownsfan says: Mar 22, 2016 10:42 PM

    Barclay Cunningham Adams?

  5. txraiders says: Mar 22, 2016 10:44 PM

    yet another way that Al Davis led the way

  6. mikelitoris1 says: Mar 22, 2016 10:44 PM

    It isn’t a mess until Matt Millen is hired as a consultant to help decide what WR to draft with the first pick.

  7. xjippyx says: Mar 22, 2016 10:53 PM

    If there is a heaven, I bet Bud is looking down with his two middle fingers up.

  8. mrbgood315 says: Mar 22, 2016 10:55 PM

    If the names Barclay Cunningham Adams/Kenneth Adams IV don’t reek of “entitled & spoiled millionaire brats,” I don’t know what does…

  9. jagsfanugh says: Mar 22, 2016 11:00 PM

    Couldn’t happen to a better team. signed all Jags fans everywhere.

  10. damcmp says: Mar 22, 2016 11:10 PM

    Others shouldn’t have an opinion and neither should you!!!!!!

  11. therealraider says: Mar 23, 2016 1:12 AM

    Sounds like Amy Adams Strunk is the owner and the NFL has to get used to it.

  12. fantom21 says: Mar 23, 2016 3:36 AM

    How can a guy with 11% ownership be inclined to push for a sale? He’s hardly operating from a place of power. I don’t see what the “mess” is? Don’t the Packers have a similar system of hierarcy?
    It seems to me that the owners don’t want to be stuck in a guessing game of who the Titans representative will be at each meeting.

  13. anonymousnevermindfishdeath says: Mar 23, 2016 6:02 AM

    There ya go Peyton! The table is set, the sky the limit for you and the Papa.

  14. igornathanhiggers says: Mar 23, 2016 6:28 AM

    If the Titans draft an offensive player with the first pick, that will say all we need to know about their management. They’ve burned like 8 of their last 10 first round picks on offense and 2 out of their last 3 on offensive linemen…meanwhile their defense is pathetic. I can’t name one starter on their defense! Orakpo? Redskins castoff?

    #Bosa

  15. dapollock69 says: Mar 23, 2016 6:29 AM

    That pictured just reminded me to schedule my prostate exam.

  16. gbfanforever says: Mar 23, 2016 7:05 AM

    Gotta love rich heirs. Entitled brats and if they don’t get things exactly their way, they’ll take the ball and go home.

  17. pftbro says: Mar 23, 2016 7:08 AM

    This team and one or two in Florida need to be dissolved. Totally dysfunctional…

  18. keylimelight says: Mar 23, 2016 7:11 AM

    ” …since Bud Adams passed in October 2013, prompting the NFL to impose a requirement that all teams submit succession plans that clearly provide for a structure that ensures this issue won’t arise when a current owner passes.”
    ______________

    So this is why Saints owner Tom Benson has rewritten and clarified his will that the team go solely to his wife.

    He took this opportunity to cut out the slacking grand children who were in line to inherit some of the team.

  19. ohand16 says: Mar 23, 2016 8:38 AM

    Rednecks

  20. edelmanfanclub says: Mar 23, 2016 8:44 AM

    Take away a draft pick for hiring Mularkey as conduct detrimental to their sales and therefore your wallet, Roger. You know you want to.

  21. gotitan says: Mar 23, 2016 8:54 AM

    I am willing to bet a deflated football they cannot force the Titans ownership to sell their team.

  22. streetyson says: Mar 23, 2016 8:55 AM

    What’s worse than a greedy billionaire? The squabbling inheritors of a late-billionaire’s estate. Adams held Houston to ransom a 2nd time over the astrodome in the 90s, but the city was still paying the bill for 80s’ refurbishments and hospitality boxes (& were still paying that bill for another couple of decades) and they balked at yet more million$ of ransom money. So he abandoned them and the tax-dollars invested, and found a new patsy – er, I mean, partner – in Nashville.

    He wasn’t just owner – he was an infamous micro-manager (all team checks over $200 required his counter-signature). And in his mid-80s he returned to the team’s presidency, yet left no succession plans nor contingencies! But then he died aged 90, alone, found after a police welfare check, so is it any surprise he felt no affinity to his surviving family? A crude man (NFL-fined him $250k for taunting the Bills after a big win), a selfish, greedy billionaire bean-counter, whose final gift is to leave this mess. You’re welcome to it, Nashville.

  23. jonathankrobinson424 says: Mar 23, 2016 9:02 AM

    ………somehow the other owners and Goodell want this team sold. They don’t want to work with Bud Adams kids to come to a resolution. Other teams have multiply family members in control and the NFL is fine with it…Ex : The Glazers -Tampa Bay. Not sure what the NFL’s agenda is…..but it can’t be in the best intrest of Tenn.

  24. doggeatdogg says: Mar 23, 2016 9:28 AM

    fantom21
    How can a guy with 11% ownership be inclined to push for a sale? He’s hardly operating from a place of power. I don’t see what the “mess” is? Don’t the Packers have a similar system of hierarcy?
    It seems to me that the owners don’t want to be stuck in a guessing game of who the Titans representative will be at each meeting.
    ————————

    There is infighting for control. Who put Strunk in control?? How do they remove her if they no longer agree with her actions. Imagine if 33% + 33% got together to refute Strunk’s actions or direction for the team. If this is not resolved you could have legal quagmire which has not become evident. Thankfully all he is doing is pushing for a sale of the team.

    The NFL cannot force the sale of the team, but they need to force a process or plan where disputes amongst the three branches does not affect the team, contracts, employees, etc.

    No way is this going to be a 100% proposition but instead, there will be a further splintering of the 33% for future heirs of the three branches. You could have a bunch of 11% owners running around. It’s madness.

  25. savethebs says: Mar 23, 2016 9:50 AM

    How can a guy with 11% ownership be inclined to push for a sale? He’s hardly operating from a place of power. I don’t see what the “mess” is? Don’t the Packers have a similar system of hierarcy?
    It seems to me that the owners don’t want to be stuck in a guessing game of who the Titans representative will be at each meeting.

    ——————————–

    I see your point, but he’s the only guy who’s been involved with the team for any significant period of time. He’s been working with the team (from the bottom up) since he left college. He lives in Nashville & is married to a woman from Nashville. What I’m getting at, is he’s the only one who really gives a damn about the team or Nashville. I wish he owned 100% of the team. But they should’ve had him be the rep & not AAS. She has no idea what she’s doing, which is why we wound up with Mularkey as our coach. She thought he was nice.

  26. mogogo1 says: Mar 23, 2016 9:52 AM

    “There’s a belief in league circles that Kenneth Adams IV, the grandson of Bud Adams, may be inclined to push for a sale of the franchise if he ultimately doesn’t have a path to ownership and control.”
    _____

    He only owns 11 percent of the team and would need both his mother’s and brother’s shares to even get to 33%, so he’s nowhere close to ever having control. And, a minority owner like that pushing for a sale doesn’t mean anything unless people with larger shares agree with him.

  27. streetyson says: Mar 23, 2016 9:54 AM

    fantom21 says:
    Mar 23, 2016 3:36 AM
    How can a guy with 11% ownership be inclined to push for a sale? He’s hardly operating from a place of power. I don’t see what the “mess” is? Don’t the Packers have a similar system of hierarcy?
    ——————————–
    No. You see, Bud left no system of hierarcy nor other succession contingency, so it’s a mess – because no one inheritor owns a majority stake. That’s why there’s this incessant squabbling of money-grabbing stakeholders – and each one with their own greedy bunch of lawyers.

  28. savethebs says: Mar 23, 2016 9:58 AM

    What’s worse than a greedy billionaire? The squabbling inheritors of a late-billionaire’s estate. Adams held Houston to ransom a 2nd time over the astrodome in the 90s, but the city was still paying the bill for 80s’ refurbishments and hospitality boxes (& were still paying that bill for another couple of decades) and they balked at yet more million$ of ransom money. So he abandoned them and the tax-dollars invested, and found a new patsy – er, I mean, partner – in Nashville.

    He wasn’t just owner – he was an infamous micro-manager (all team checks over $200 required his counter-signature). And in his mid-80s he returned to the team’s presidency, yet left no succession plans nor contingencies! But then he died aged 90, alone, found after a police welfare check, so is it any surprise he felt no affinity to his surviving family? A crude man (NFL-fined him $250k for taunting the Bills after a big win), a selfish, greedy billionaire bean-counter, whose final gift is to leave this mess. You’re welcome to it, Nashville.

    ———————————-

    I can’t really argue with any of your points except the bean counter accusation. The man was a self-made billionaire in the oil industry. He was no bean counter. In fact, he hired the bean counters. He also played football at Kansas & studied engineering, which got him his start in the oil industry. He also served in the military.

  29. realfootballfan says: Mar 23, 2016 10:15 AM

    Typical rich people who think rules don’t apply to them. They need to sell the team. It’s not the NFL’s fault that Bud Adams decided to be an idiot with his succession plan.

  30. 1967forever says: Mar 23, 2016 4:33 PM

    I can’t really argue with any of your points except the bean counter accusation. The man was a self-made billionaire in the oil industry. He was no bean counter. In fact, he hired the bean counters. He also played football at Kansas & studied engineering, which got him his start in the oil industry. He also served in the military.

    I can’t argue with any of your points except the self-made billionaire part. His father and uncle both served as president of Phillips Petroleum, and they set him up in the oil business.

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