Wednesday, October 15, 2008

Ownership

I love the scene from the movie Slapshot where the think-French-accented goalie asks the General Manager "Hey, who own ze team?"  And the GM says back to him "OWNS!  Its owns!"  So goalie asks "Who *ooooonnnnsssssssssss* ze team?"
 
I think given the opportunity, I might ask the Tuna that.  Stephen Ross was brought on as a 50% partner.  The NFL's ownership bylaws specifically state that to avoid conflict, one owner must own a clear majority.  How did the Dolphins circumvent that rule?  Presumably its because H Wayne took on the title "Managing General Partner," but it still seems suspicious to me.
 
At the owner's meeting yesterday, Mr. Ross was allowed to take over up to 45% more of the team, leaving a 5% stake for Mr. H.  How soon that will happen is anyone's guess, but I just have a hunch that it will be done before the season ends.
 

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