Seahawks put up for sale

[Ionescu]

I had no idea your name is Curt. Just noting the "CP". That stands for something that quite closely related to the Epstein stuff.

Nice backhanded apology. You know you could have saved yourself time and energy by doing what another did by just saying “fiduciary duty”, instead of writing a slightly off the mark treatise reminiscent of some sophomoric pre-law major. Also, not all markets are the same. There’s only 32 nfl teams and they all know each others organization inside /out. If the trust wants to sell the team for less than mkt value and acts in good faith, their reasoning will be public knowledge and Jerry Jones would still get his 10 billion, infra to all the others too. You make it sound like the nfl market works the same as the market for turnips or something.

 

[James in PA]

Meet your new owner...

 

[DTiempo81]

Nice backhanded apology. You know you could have saved yourself time and energy by doing what another did by just saying “fiduciary duty”, instead of writing a slightly off the mark treatise reminiscent of some sophomoric pre-law major. Also, not all markets are the same. There’s only 32 nfl teams and they all know each others organization inside /out. If the trust wants to sell the team for less than mkt value and acts in good faith, their reasoning will be public knowledge and Jerry Jones would still get his 10 billion, infra to all the others too. You make it sound like the nfl market works the same as the market for turnips or something.

Was this meant to be directed at me? Based on what you are quoting, I think maybe you have the wrong person. There was no apology there, backhanded or not.

If not, and you meant to quote another one of my posts about why the NFL wouldn't allow the sale of the team for a hypothetical $1, it isn't JUST "fiduciary duty" that comes into play, and I stated as much. If the "right" owner came along, I am sure they wouldn't be too worried about maximizing the sale value. That doesn't mean they are just going to look the other way on a sweetheart deal to keep the team in local interest's hands.

 

[Mick063]

This will be the first sale of a team since the NFL ownership collectively decided to invite private equity into the mix. Put simply, the value of NFL franchises are so inflationary, that now it is only institutional money, not a given individual's money, that can afford to not only purchase a given team, but to follow it up by instantly, reliably funding its prohibitively expensive day-to-day operations. The Seattle Seahawks are the first test case since private equity has been invited into the fold.

The bottom-line debate of this centers around one's personal perception of private equity. My personal perception? Private equity ruins EVERYTHING it comes into contact with and now that this pestilence has been allowed into the NFL, it will ruin the league as well. Private equity will start with robbing the consumers to market saturation (fans), move on to robbing the employees (the players and team employees), and finish by tapping out the league's administration (team ownership structure). In other words, the transfer of wealth from the NFL to the shareholders of private equity IS THE VERY DEFINITON of fiduciary duty. By law, they have a legal responsibility to drain as much wealth from the NFL as possible and then return that wealth to private equity shareholders.

Private equity is the historical vehicle used for destroying viable business. They do so by maximizing the exploitation of target consumers, robbing established benefits/pensions of employees, selling off critical company infrastructure, and returning all of the stripped assets back to the shareholder. The most recent example being the relatively empty streets of suddenly unaffordable Las Vegas. In Las Vegas, private equity sold off the valuable strip properties and then forced the hospitality businesses to pay rent for the very infrastructure that they once owned. Like Las Vegas, the terminal clock for the NFL is now ticking as well. Private equity are the vultures circling to strip it to the bone. They are legally compelled to do so because legislators no longer write law. Legislators don't even comprehend the laws that they are voting on. Private equity wrote those laws for our legislators. Private equity has become our legislative body. It is called oligarchy for a reason.

 

[TwilightError]

I just hope the owner is not Bezos. He can’t own media without dabbling with it’s content. Hard to see owning a team would be any different.

 

[Ionescu]

This will be the first sale of a team since the NFL ownership collectively decided to invite private equity into the mix. Put simply, the value of NFL franchises are so inflationary, that now it is only institutional money, not a given individual's money, that can afford to not only purchase a given team, but to follow it up by instantly, reliably funding its prohibitively expensive day-to-day operations. The Seattle Seahawks are the first test case since private equity has been invited into the fold.

The bottom-line debate of this centers around one's personal perception of private equity. My personal perception? Private equity ruins EVERYTHING it comes into contact with and now that this pestilence has been allowed into the NFL, it will ruin the league as well. Private equity will start with robbing the consumers to market saturation (fans), move on to robbing the employees (the players and team employees), and finish by tapping out the league's administration (team ownership structure). In other words, the transfer of wealth from the NFL to the shareholders of private equity IS THE VERY DEFINITON of fiduciary duty. By law, they have a legal responsibility to drain as much wealth from the NFL as possible and then return that wealth to private equity shareholders.

Private equity is the historical vehicle used for destroying viable business. They do so by maximizing the exploitation of target consumers, robbing established benefits/pensions of employees, selling off critical company infrastructure, and returning all of the stripped assets back to the shareholder. The most recent example being the relatively empty streets of suddenly unaffordable Las Vegas. In Las Vegas, private equity sold off the valuable strip properties and then forced the hospitality businesses to pay rent for the very infrastructure that they once owned. Like Las Vegas, the terminal clock for the NFL is now ticking as well. Private equity are the vultures circling to strip it to the bone. They are legally compelled to do so because legislators no longer write law. Legislators don't even comprehend the laws that they are voting on. Private equity wrote those laws for our legislators. Private equity has become our legislative body. It is called oligarchy for a reason.

Private equity investors can only own a max of 10% and they don’t have voting rights. I think PE firms just see a stable, low risk, high return asset class. If one can get a better than 7% ROI, you’re going to have buyers. The nfl is a stable investment in any economic environment, recession, depression, inflation, stagflation, et al. Could the Seahawks be involved? Depends what Paul Allen’s explicitly stated wishes were/are. Not that I’m a fan of PE or anything, but I don’t think the world is ending right now.

 

[Mick063]

Private equity investors can only own a max of 10% and they don’t have voting rights. I think PE firms just see a stable, low risk, high return asset class. If one can get a better than 7% ROI, you’re going to have buyers. The nfl is a stable investment in any economic environment, recession, depression, inflation, stagflation, et al. Could the Seahawks be involved? Depends what Paul Allen’s explicitly stated wishes were/are. Not that I’m a fan of PE or anything, but I don’t think the world is ending right now.

Perhaps you are right, but I remember forty years ago when Roanld Reagan was assuring us of fiscal limitations and economic guardrails in place. It isn't about the current status. It is about letting them in the door in the first place and the cumulative changes that will inevitably happen over time. Hence you are correct in your reference about the world ending "right now". But it is coming. Once those vampires get their hooks in, they will start investing in the politics (both civic and institutional) required to marginalize your perceived safety net. This is how they always do it. Convince you that the guardrails are in place and will remain forever. Then the next thing you know, the Environmental Protection Agency can't even take mortality statistics into account when enforcing emission standards.

 

[JPatera76]

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Coach Mike talking about Jodi and reinforcing the refute

 

[Ionescu]

Perhaps you are right, but I remember forty years ago when Roanld Reagan was assuring us of fiscal limitations and economic guardrails in place. It isn't about the current status. It is about letting them in the door in the first place and the cumulative changes that will inevitably happen over time. Hence you are correct in your reference about the world ending "right now". But it is coming. Once those vampires get their hooks in, they will start investing in the politics (both civic and institutional) required to marginalize your perceived safety net. This is how they always do it. Convince you that the guardrails are in place and will remain forever. Then the next thing you know, the Environmental Protection Agency can't even take mortality statistics into account when enforcing emission standards.

Right now 5 PE firms are approved by the nfl to own up to 10%. If they all invested the max in one team, hypothetically speaking, then PE firms could maybe hold 50% of a team? Not sure. If so, that might suck, but they would still need voting rights. And they would all have to agree on a single goal, generally speaking anywayz. Also, to your point, I’d be surprised if more firms aren’t lobbying to join the nfl party, bc of the stable ROI.

 

[Seagal]

if I remember correctly? There is a clause in Paul Allen’s will that the team will only be sold to an owner that will keep the Seahawks in Seattle. Not in just good faith, but by a binding agreement.

Does anyone have a copy / legitimate source for will? I would like to confirm your memory

 

[Nv_Hawks]

Amazon Hawks. I guess if he just lived in his shuttle and never tried what Jerry Jones did, I would be ok. I also heard Jodie might be interested in part ownership.

 

[onanygivensunday]

Theoretically, the trust could sell it to Jodie... could it not?

Try this on for size... the trust could sell it to Jodie's charity... something like the Let's Keep the Seahawks in Seattle in Perpetuity Organization... and then the charity, with Jodie as the CEO, could buy the team from the trust using the proceeds of the sale... to the mutual benefit of everybody in the Seattle metropolitan area. Thereafter, the charity owns the team.

And in the future, the Charity sells lottery tickets to determine who gets to attend and sit in seats not currently held be season ticketholders... on a game-by-game basis... and the proceeds of those lotteries would be distributed by the Charity to grassroots charity organizations in the Seattle area... problem solved!!

 

[AubHawk71]

This will be the first sale of a team since the NFL ownership collectively decided to invite private equity into the mix. Put simply, the value of NFL franchises are so inflationary, that now it is only institutional money, not a given individual's money, that can afford to not only purchase a given team, but to follow it up by instantly, reliably funding its prohibitively expensive day-to-day operations. The Seattle Seahawks are the first test case since private equity has been invited into the fold.

The bottom-line debate of this centers around one's personal perception of private equity. My personal perception? Private equity ruins EVERYTHING it comes into contact with and now that this pestilence has been allowed into the NFL, it will ruin the league as well. Private equity will start with robbing the consumers to market saturation (fans), move on to robbing the employees (the players and team employees), and finish by tapping out the league's administration (team ownership structure). In other words, the transfer of wealth from the NFL to the shareholders of private equity IS THE VERY DEFINITON of fiduciary duty. By law, they have a legal responsibility to drain as much wealth from the NFL as possible and then return that wealth to private equity shareholders.

Private equity is the historical vehicle used for destroying viable business. They do so by maximizing the exploitation of target consumers, robbing established benefits/pensions of employees, selling off critical company infrastructure, and returning all of the stripped assets back to the shareholder. The most recent example being the relatively empty streets of suddenly unaffordable Las Vegas. In Las Vegas, private equity sold off the valuable strip properties and then forced the hospitality businesses to pay rent for the very infrastructure that they once owned. Like Las Vegas, the terminal clock for the NFL is now ticking as well. Private equity are the vultures circling to strip it to the bone. They are legally compelled to do so because legislators no longer write law. Legislators don't even comprehend the laws that they are voting on. Private equity wrote those laws for our legislators. Private equity has become our legislative body. It is called oligarchy for a reason.

This. Boeing learned this the hard way. When your focus is shareholder returns and not the product, it is all just a soulless cash grab.

 

[Rat]

The bottom-line debate of this centers around one's personal perception of private equity. My personal perception? Private equity ruins EVERYTHING it comes into contact with and now that this pestilence has been allowed into the NFL, it will ruin the league as well. Private equity will start with robbing the consumers to market saturation (fans), move on to robbing the employees (the players and team employees), and finish by tapping out the league's administration (team ownership structure). In other words, the transfer of wealth from the NFL to the shareholders of private equity IS THE VERY DEFINITON of fiduciary duty. By law, they have a legal responsibility to drain as much wealth from the NFL as possible and then return that wealth to private equity shareholders.

Private equity is the historical vehicle used for destroying viable business. They do so by maximizing the exploitation of target consumers, robbing established benefits/pensions of employees, selling off critical company infrastructure, and returning all of the stripped assets back to the shareholder. The most recent example being the relatively empty streets of suddenly unaffordable Las Vegas. In Las Vegas, private equity sold off the valuable strip properties and then forced the hospitality businesses to pay rent for the very infrastructure that they once owned. Like Las Vegas, the terminal clock for the NFL is now ticking as well. Private equity are the vultures circling to strip it to the bone. They are legally compelled to do so because legislators no longer write law. Legislators don't even comprehend the laws that they are voting on. Private equity wrote those laws for our legislators. Private equity has become our legislative body. It is called oligarchy for a reason.

If I had more than like three followers on social media, I would steal this and plaster it everywhere. At this point, I don't know how anyone can hear the words "private equity" and not immediately have a violent visceral reaction. The housing market alone, which is something we should all be familiar with, is perhaps the most depressing evidence of how parasitic private equity is.

 

[MesquiteHawk]

I'd invest 2 Grand to be a minority owner of the Seahawks tbh.

Me too.

 

[MesquiteHawk]

I will be buying the team for the discounted price of $0.87. Yes, you read that right folks. The 32 teams that make up the NFL have waived the right and responsibility to vote on the sale, and I get to become a billionaire overnight. All of the morons who think that Jody can sell it to herself for a dollar are absolutely correct, but she is just so nice that she sold it to me for even less.

For those who are not morons, here is a quick search for the requirements of selling an NFL "FRANCHISE".

Selling an NFL franchise involves several key steps and considerations.

Ownership Approval

• The sale must be approved by the NFL's ownership group, which typically requires a three-quarters majority vote.
• Potential buyers undergo extensive background checks to ensure they meet the league's standards.

Valuation and Negotiation

• The franchise is appraised to determine its market value, influenced by factors like revenue, location, and team performance.
• Negotiations between the current owner and potential buyers establish the sale price and terms.

Legal and Financial Due Diligence

• Buyers conduct thorough due diligence, reviewing financial records, contracts, and other legal documents.
• This process helps identify any potential liabilities or issues that could affect the sale.

Finalizing the Sale

• Once terms are agreed upon, a formal purchase agreement is drafted.
• The sale is finalized after receiving the necessary approvals from the NFL and completing any required legal processes.

 

[Hawkstud]

No one really knows how Bezos would operate - it’s all assumption. I’m simply connecting dots in that it has been rumored for awhile he is interested in NFL ownership… and it just so happens this will be one of the more desirable franchises to own, he has ties to the area, and it’s the first name that jumps out to me.

Also, it was nearly 30 years ago that Paul Allen bought the franchise for $194 Million, got the city & state to put up a new stadium.
Allen didn't lose money, and whoever does buy the Seahawks Franchise would be foolish not to keep everyone tied to the organization in place.
Anyone smart enough to make a hundred billion or more dollars wouldn't be buying the team to lose money.

 

[warden]

Damn Jody seemed to be pretty damn good. But hey if you don’t want to own the team, I don’t want you owning it.

Paul Allen’s will stated it must be sold. Has nothing to do with here wanting to own the team

 

[MD5eahawks]

I guess here is something to ponder...

Every NFL team will be up for sale after this Super Bowl.

 

[hugecanoli]

Meet your new owner...

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