Corporation Buyout by omb19852

VIEWS: 0 PAGES: 20

More Info
									NFL Team Sale Prices
Year       Team                       Price
1922       Green Bay Packers          0.000
1923       Duluth Kellys              0.001
1923       Green Bay Packers          0.003
1925       New York Giants            0.003
1926       Duluth Kellys              0.000
1928       Cleveland Indians          0.010
1929       Minneapolis Red Jackets    0.003
1929       Chicago Cardinals          0.013
1929       Duluth Eskimos             0.002
1931       Chicago Bears              0.038
1932       Chicago Cardinals          0.050
1932       Boston Braves              0.008
1933       Frankford Yellow Jackets   0.003
1934       Portsmouth Spartans        0.022
1934       Cincinnati Reds            0.030
1935       Pittsburgh Pirates         0.003
1936       Philadelphia Eagles        0.004
1937       Cleveland Rams             0.010
1940       Detroit Lions              0.225
1940       Pittsburgh Pirates         0.165
1941       Philadelphia Eagles        0.165
1941       Cleveland Rams             0.125
1947       L.A. Rams                  0.000
1948       Detroit Lions              0.185
1949       Philadelphia Eagles        0.250
1950       Baltimore Colts            0.150
1951       Baltimore Colts            0.050
1952       New York Yankees           0.100
1952       New York Yankees           0.300
1953       Cleveland Browns           0.600
1954       Chicago Bears              0.040
1960       Dallas Cowboys             0.600
1960       Minnesota Vikings          0.600
1960       Washington Redskins        0.350
1961       Cleveland Browns           3.925
1964       Detroit Lions              5.000
1965       Cleveland Browns           1.500
1962       L.A. Rams                  7.100
1963       Philadelphia Eagles        5.505
1963       Detroit Lions              6.000
1964       Baltimore Colts            1.000
1965       Atlanta Falcons            8.500
1966       New Orleans Saints         8.000
1969       Philadelphia Eagles        16.155
1972       L.A. Rams                  19.000
1972       St. Louis Cardinals        6.500
1972       Baltimore Colts            23.000
1972       Washington Redskins        3.000
1974       Seattle Seahawks           16.000
1974        Tampa Bay Buccaneers         16.000
1974        Washington Redskins          5.720
1975        New England Patriots         7.000
1976        New England Patriots         1.500
1977        Minesota Vikings             3.000
1977        San Francisco 49ers          18.200
1978        Philadelphia Eagles          3.000
1979        Philadelphia Eagles          1.000
1981        Denver Broncos               30.000
1982        San Diego Chargers           4.000
1984        Dallas Cowboys               60.000
1984        Denver Broncos               70.500
1984        San Diego Chargers           50.000
1985        Philadelphia Eagles          70.000
1985        New Orleans Saints           70.200
1985        Minnesota Vikings            25.000
1988        New England Patriots         85.000
1988        Seattle Seahawks             35.000
1988        Dallas Cowboys               95.000
1988        Seattle Seahawks             80.000
1991        New York Giants              75.000
1991        Minnesota Vikings            52.000
1993        Carolina Panthers            140.000
1993        Jacksonville Jaguars         140.000
1994        Miami Dolphins               109.000
1994        Philadelphia Eagles          185.000
1994        New England Patriots         158.000
1995        Tampa Bay Buccaneers         192.000
1995        St. Louis Rams               60.000
1997        Baltimore Ravens             32.000
1997        Seattle Seahawks......       200.000
1998        Minnesota Vikings            206.000
1998        Cleveland Browns             476.000
1999        Baltimore Ravens             275.000
1998        St. Louis Rams               20.000
1999        Washington Redskins          800.000
1999        Houston Texans               700.000
2000        New York Jets                635.000
2001        Atlanta Falcons              545.000
2002        Atlanta Falcons              27.000
2003        Washington Redskins          200.000
2004        Baltimore Ravens             325.000
2005        Minnesota Vikings            600.000
2008        Miami Dolphins               550.000
2009        Pittsburgh Steelers          250.000
2009        Miami Dolphins               550.000

Sources: Pay Dirt; sportsbusinessnews.com; SBJ; Forbes Team Value reports; SBN.com reports
Buyer                                  Notes
Earl Lambeau                           $250 franchise fee
Gebert & Scanon                        Expansion fee
GB Football Corporation                $2500 loan/buyout
Tim Mara and Billy Gibson              Expansion fee (may have been $500). Forbes 04 says $500.00
Ole Haugsrud                           Actually, $1; renamed Duluth Eskimos
Detroit Syndicate                      20 members; rename previous Detroit Panthers the Detroit Wolverines
Johnny Dunn & Val Ness                 $2500 Expansion fee
David Jones
Edwin Simandl                          moved to NJ, renamed Orange Tornadoes
George Halas                           Bought out old partner by generating $40,000 from six new partners; Halas
Charles Bidwell
George Marshall/Syndicate              Expansion fee
Bert Bell & Lud Wray                   $2800; renamed Phil. Eagles
George A. Richardson                   incl. $6500 to pay off outstanding debt. Moves to Detroit Lions
Edward Butler                          Bought from NFL after Reds went broke.
Art Rooney & A. McCool                 Expansion fee; $2500. Forbes 04 says 1933.
Bert Bell                              to 100%
Homer Marshman/Syndicate               Expansion fee
Fred Mandel/Syndicate
Alex Thompson                          Renamed Pittsbugh Steelers
Alex Thompson                          Just after buying Steelers for $165,000, trades them for Eagles
Dan Reeves & Fred Levy/Syndicate
Four-Person Partnership                $1 each to share mounting losses but hope of profit
DL Fife and Edwin Anderson/Syndicate
James P. Clark/Syndicate               100 Phil. Businessmen
Robert Embry/Syndicate                 The fee is for territory invasion for original NFL entry
NFL                                    Franchise forfeit; payment for player contracts
NFL                                    Franchise forfeit; payment for player contracts
Giles and Connell Miller/Syndicate     Renamed Dallas Texans; goes broke and NFL runs it to end of '52 season
David Jones and 3 others
George Halas                           Buys out a partner who put up $5,000 of $40,000 in 1931 (about 1/8 x 50%
Clint Murchison and Beford Wynne       Murchison 90%
MN Vikings, Inc.                       Expansion fee; North West Pubg., 30%, three others with 20% each.
Jack Kent Cooke                        25%
Art Modell and RJ Schaefer/Syndicate   Modell and Schaefer, 25% ea.
Clay Ford
Art Modell                             25% (to 50%)
Dan Reeves                             51%
Jerry Wolman & Snider Bros.            Wolman 51%.
W.Clay Ford/Syndicate                  1964 Ford buys out partners at implicit price of $6.5 million.
Carroll Rosenbloom                     31% (to 100%)
Rankin Smith                           Expansion fee
John Mecom, Jr.                        Expansion fee
Leonard Tose/Syndicate                 Tose 50%
Georgia Frontierre
Bill Bidwell                           45% (to 90%)
Bob Irsay                              After buying Rams for $19 mil, trades Rams + $4 mil. for Colts.
Pro Football, Inc.                     Redskins corp. shell; 260/1070 shares, about 24%.
Nordstrom Family Grp. + Partners       Expansion fee
            Hugh Culverhouse/Syndicate                       Expansion fee
            Pro Football, Inc.                               Redskins corp. shell; 260 more shares, another 22%.
            Billy Sullivan                                   28+% (to 51+%)
            Billy Sullivan                                   Public nonvoting shares.
            MN Vikings, Inc.                                 30%; stock cancelled after purchase raises three remaining shareholders t
            Edward Debartolo, Jr.                            80%
            Leonard Tose                                     29% (to 79%)
            Leonard Tose                                     6% (to 85%)
            Edgar Kaiser
            Alex Spanos                                      10%, plus right of first refusal on co-owner Gene Klein
            HR Bright/Synidcate                              Plus $26 mil for lease on Texas Stadium; Bright 17%
            Pat Bowlen/Syndicate                             Forbes 04 says $78 million.
            Alex Spanos                                      63% (to 73%)
            Norman Braman
            Tom Benson                                       incl. $15 mil. loan guarantee from state of LA.
            Carl Pohald/Irwin Jacobs                         33% voting interest/46% equity interest
            Victor Kiam & Fran Murray                        Kiam 51%; price includes $20 mil deferred costs; stadium handled separat
            Nordstrom Family                                 49% (to 100%)
            Jerry Jones/Syndicate                            excl. $30 mil in deferred liab.; plus $45 mil Texas Stadium lease; Jones 53
            Ken Behring & Ken Hoffman                        Behring 75%; incl. $17 mil deferred costs
            Robert Tisch                                     50%. Forbes 04 says $150 million.
            Mike Lynn/Syndicate                              51%
            Jerry Richardson/Group                           Expansion fee. Forbes 04 says $206 million.
            Wayne Weaver                                     Expansion fee. Forbes 04 says $208 million.
            Wayne Huizenga                                   85% (to 100%), 50% ProPlayer Stad. (to 100%), plus $15 mil assumed deb
            Jeff Lurie                                       plus $8 mil assumed liabilities
            Robert Kraft
            Malcolm Glazer
            Stan Kroenke                                     30%; option on another 10%. Forbes 04 says $200 million.
            Art Modell                                       9% (to full 43%)
            Paul Allen                                       Forbes 04 says $194 million.
            Billy Joe McCombs                                96%, plus $40 mil assumed debts
            Al Lerner & Carmen Policy                        Expansion fee. Forbes 04 says $530 million.
            Stephen Bisciotti                                49%; right to buy balance in 2004 for $325 mil. Forbes 04 says 2000 and j
            Stan Kroenke                                     10% (to 40%)
            Daniel Snyder/Group                              incl FedEx Field, practice facility, and $495 mil debt. Forbes 2004 says $75
            Bob McNair                                       Expansion fee
            Robert Wood Johnson IV
            Arthur Blank
            Joe Gibbs, John Imlay, Jr., & John A. Williams   5%
            Fred W. Smith/Dwight C. Schar/Robert Rothman     20%
            Stephen Bisciotti                                Remaining 51% after original 49% purchase in 1999.
            Zygmunt Wilf Group                               Wilf lead investor; brother Mark, cousin Leonard, Reggie Fowler, Alan Landis and
            Stephen M. Ross                                  Half of each of the team, land, and Dolphins stadium, less any debt. Announced F
            Dan Rooney and son Art Rooney II                 Closing in March 2009. Borrowed and bought out shares of remining four y
            Stephen M. Ross                                  45% more of the team only takes ownership to 95%. Calculated from $1.1

Forbes Team Value reports; SBN.com reports
 s 04 says $500.00

ers the Detroit Wolverines



 from six new partners; Halas nets $2,000 and holds 50% of the team.



es to Detroit Lions




s them for Eagles




 L runs it to end of '52 season then cancels franchise

000 in 1931 (about 1/8 x 50% would be about 6.25%).

e others with 20% each.




of $6.5 million.




+ $4 mil. for Colts.
               0.242990654
hree remaining shareholders to 33% each.




osts; stadium handled separately

 xas Stadium lease; Jones 53%. Forbes 04 says 1989, $150 million.




%), plus $15 mil assumed debts. Forbes04 says 1993, $138 million.



s $200 million.




 l. Forbes 04 says 2000 and just lists the $600 million total.

 il debt. Forbes 2004 says $750 million.




Reggie Fowler, Alan Landis and David Mandelbaum limited partners.
um, less any debt. Announced February 24. Pending.
 t out shares of remining four younger sons; three new partners also joined (Paul family, James Haslam, and Thomas Tull) so how much of t
 o 95%. Calculated from $1.1 billion claim on Ross's total deal (see 2008).
mas Tull) so how much of the borrowing went to buyout isn't known. The four younger sons each had 16% of the team, and so did Dan. Two
% of the team, and so did Dan. Two will sell their full 16% and the other two will sell part of their holdings. So it looks like the buyout is for a
s. So it looks like the buyout is for at least another 32% and up to 64%, plus the 16% already held by Dan Rooney; McGinley family owns th
an Rooney; McGinley family owns the remaining 20%. Sale price set at $840 million a month earlier by bid by Stanley Druckenmiller, so 16%
bid by Stanley Druckenmiller, so 16% should be $128 million. Another story says Dan Rooney will hold 20%, Art Rooney II will hold 10%, two
20%, Art Rooney II will hold 10%, two other brothers will remain minority holders. This sounds like the other 32% must have gone to the thre
ther 32% must have gone to the three new partners. But the 30% is a plurality and must stay that way.

								
To top