Halas grandchildren want to sell shares of team to McCaskeys

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As ownership families age, they naturally disperse the business to younger generations.

In Chicago, there appears to be some movement to consolidate some of the shares of ownership in the Bear to avoid potential future problems.

According to Ian Rapoport of the NFL Network, owners are expected to vote this week on the potential sale of a small percentage of shares from one of George Halas’ grandchildren to the McCaskey family which controls the team, headed by chairman George McCaskey.

Issues of family succession and control might seem arcane, but the league has had numerous problems with the heirs of Bud Adams and how they’ve divided the team after his passing, since they want a clear managing partner.

While the report is short on specifics, it appears the Bears want to address them in advance.

18 responses to “Halas grandchildren want to sell shares of team to McCaskeys

  1. This might explain some of the questionable personnel moves of the last few years including trading for Jay Cutler. McCaskey wants a steep discount on the price of those shares and the value tends to drop on a losing team.

    It’s all making sense now.

  2. MichaelEdits says:
    Mar 27, 2017 8:56 AM
    Do people get a discount when they buy part of a perennial loser?
    ===================================Are you asking about the team or yourself?

  3. whatjusthapped says:
    Mar 27, 2017 9:14 AM

    This might explain some of the questionable personnel moves of the last few years including trading for Jay Cutler. McCaskey wants a steep discount on the price of those shares and the value tends to drop on a losing team.

    It’s all making sense now.

    _____________________________

    According to Forbes magazine, the Bears are the NFL’s 8th most valuable franchise, estimated at 2.7 billion in value.

  4. The NFL should incorporate a rule of primogeniture in their bylaws to avoid this problem. (Yes, the raison d’être of this post was just an excuse to use that word.)

  5. IMHO The reputation of the North division is so sullied by the criminal organization in minisoda it’s no surprise the Halas grandkids want to get out.

  6. whatjusthapped says:
    Mar 27, 2017 9:14 AM
    This might explain some of the questionable personnel moves of the last few years including trading for Jay Cutler.
    ——–/————-/————–/————/———-
    I seem to remember the day that trade was announced.
    I thought you Bear fans were ready to dye the Chicago River and have a ticker tape parade. I also remember leaving the gleeful Bears fans a post. It went like this …………
    “Be Careful What You Wish For”
    I’m 100% serious, no fibbing.
    I didn’t like Cutler watching him in Denver. But he was your SAVIOR. HA!

  7. vikesfan says:
    Mar 27, 2017 10:22 AM

    whatjusthapped says:
    Mar 27, 2017 9:14 AM

    This might explain some of the questionable personnel moves of the last few years including trading for Jay Cutler. McCaskey wants a steep discount on the price of those shares and the value tends to drop on a losing team.

    It’s all making sense now.

    _____________________________

    According to Forbes magazine, the Bears are the NFL’s 8th most valuable franchise, estimated at 2.7 billion in value.
    **********************************************
    And that’s exactly the dilemma Bears fans are enduring. It doesn’t much matter what this family puts on the field in terms of a quality product (or lack thereof). Their $$$ is in the bank regardless.

  8. Keeping the Bears in the McCaskey family for another generation is the last thing any true Bears fan wants to see.

  9. whatjusthapped says:
    Mar 27, 2017 9:14 AM

    This might explain some of the questionable personnel moves of the last few years including trading for Jay Cutler. McCaskey wants a steep discount on the price of those shares and the value tends to drop on a losing team.
    =======================

    Guessing their P & L statements look just fine

  10. So one of the relatives wants to sell their very minority share in the bears back to the controlling shareholder. So what?

    Who in their right mind would want money tied up in a business that you don’t control but is controlled by a McCaskey?

    Hell, I’m surprised that all the little Halas and other McCaskey relatives haven’t tried to sell their inherited stock back long ago. I also happen to think it’s a great time to sell. The value of NFL franchises have probably peaked or are very near it.

  11. maust1013 says:
    Mar 27, 2017 11:02 AM
    whatjusthapped says:
    Mar 27, 2017 9:14 AM
    This might explain some of the questionable personnel moves of the last few years including trading for Jay Cutler. McCaskey wants a steep discount on the price of those shares and the value tends to drop on a losing team.
    =======================
    Guessing their P & L statements look just fine

    ===================================
    Every team’s statements look fine. The Bears’ aren’t cheap-They are typically in the mid-to- higher spenders in the league.

    It’s not about how much they spend, but the way they go about spending it, talent evaluation, and drafting but the bigger problem is the quality of the front office people they hire and how much they let the football people do their jobs without family interference.

    Also, in family businesses, it’s not uncommon to buy out the shareholders that aren’t involved in the business.

    Looking back on it, one of the biggest Chicago sports tragedies may have been when Mugs Halas, the old man’s son and team president at the time, died when he was 54 years old. Maybe things would have been different and there wouldn’t be McCaskeys running all over Halas Hall had he survived.

  12. “This might explain some of the questionable personnel moves of the last few years including trading for Jay Cutler.”

    You do realize that trade was almost 9 years ago. Also, I’m not sure that was seen as a questionable move at time either. It’s not like the Bears had a line of HOF QB’s looking to take the ball before the Cutler trade. It didn’t work out – plain and simple. Time to move on.

  13. ‘This might explain some of the questionable personnel moves of the last few years including trading for Jay Cutler. McCaskey wants a steep discount on the price of those shares and the value tends to drop on a losing team. ‘

    Lovie got to the NFCCG with Cutler but that was a much better team. It’s also a bit ironic that Lovie got fired after a 10-6 season. There hasn’t been a season above .500 since that year.

  14. Three decisions hurt the Bears over the past 5 seasons.

    1. Obviously, #1 is the contract to J.C. They could have gave him a one year franchise deal.

    2. The choice to play J.C. the last two games in Trestman’s first year instead of sticking with McCown.

    3. The choice to hire Mel Tucker as defensive QB AND not letting him institute a 3-4 defense which was his preference and experience. Usually, people wrongly blame Trestman for everything but he helped bring a lot of offense on the field. A couple of bad decisions but overall was ok. They would have made the playoffs two straight years if the defense was somewhat respectable.

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