Kelly the Dog Posted October 11, 2011 Share Posted October 11, 2011 Can you be any more specific about how you believe that rule works? It's not clear to me why more than just a present ownership interest in an NFL team would be required to participate in revenue sharing. I really don't know much about it. I assume it's too dissuade smaller market teams from transferring ownership to keep the 32 principle owners stable and solidified, but I'm not sure. I will try to find out, it's curious to me as well. Link to comment Share on other sites More sharing options...
soilbillsfan Posted October 11, 2011 Share Posted October 11, 2011 I know Gillett has owned multiple sports franchises, he also owned Evernham Motorsports and Richard Petty Motorsports. He ran both racing teams into the ground and basically stopped paying the bills (equipment and salaries) this all went down last year. Also his former business partner Tom Hicks owned the Texas Rangers and bankrupted them, I know Tom Hicks isn't Mr. Gillett but it doesn't speak to well about the business partners he chooses. For what its worth, I do not have a good feeling about Mr. Gillett. I agree with other posters here and would be worried he would run the Bills into the ground and then sell them. Link to comment Share on other sites More sharing options...
ETD66SS Posted October 11, 2011 Share Posted October 11, 2011 This dude sounds like bad news. Mr. Bankrupt. Link to comment Share on other sites More sharing options...
BRAWNDO Posted October 11, 2011 Share Posted October 11, 2011 I doubt the NFL would approve Gillett as an owner based on his track record. Hopefully Kelly has a Plan B or Buffalo Baumer's Brother In Law can come thru. Kelly has first right of refusal on anything be offered and that is a fact.....my brother in law was interested in sweetening the pot (with another financial group) - which I will name after this is done and when I got the phone call to put the two parties together (if it was needed), it was stated that Jim will have first shot..... Link to comment Share on other sites More sharing options...
Realist Posted October 11, 2011 Share Posted October 11, 2011 Seriously don't see how the NFL can approve Gillet, after all his sports failures and/or bankruptcies. Link to comment Share on other sites More sharing options...
Frez Posted October 11, 2011 Share Posted October 11, 2011 This dude sounds like bad news. Mr. Bankrupt. Yup, that's Jim Kelly for sure. He stiffed a lot of people in the Buffalo area with his business. Link to comment Share on other sites More sharing options...
BuffaloBaumer Posted October 11, 2011 Share Posted October 11, 2011 I doubt the NFL would approve Gillett as an owner based on his track record. Hopefully Kelly has a Plan B or Buffalo Baumer's Brother In Law can come thru. My bro in law is not going to be a part of it. I was asked to put the two parties together and it turned out they did not need the extra investors. It is now understood that they have everyone they need (unless there are last second amendments..) Link to comment Share on other sites More sharing options...
Kelly the Dog Posted October 11, 2011 Share Posted October 11, 2011 Seriously don't see how the NFL can approve Gillet, after all his sports failures and/or bankruptcies. In 1967, Gillett called up Pete Rozell and asked if there were any teams for sale. For $1 mil he bought 22% of the Miami Dolphins. He sold his shares a year later, and bought, of all things, The Harlem Globetrotters for 3.7 mil. So he has already owned a portion of an NFL team. I also heard rumors that he lent money to another NFL team, so he may not be in bad standing with the league. I'm not sticking up for him, or necessarily think he should be the guy, but he has ties. http://www.people.com/people/archive/article/0,,20119511,00.html And he's apparently fondly remembered in Vail where he owned the ski resorts there and Beaver Creek. He's had quite a diverse professional life in the sports world, probably a very interesting guy. http://www.realvail.com/blog/208/Liverpool-fans-unlikely-to-look-back-fondly-on-Gillett-era-the-way-Vail-fans-do Link to comment Share on other sites More sharing options...
ETD66SS Posted October 11, 2011 Share Posted October 11, 2011 Yup, that's Jim Kelly for sure. He stiffed a lot of people in the Buffalo area with his business. I actually agree with that. Kelly choked in the SB's. Not sure I want him running the team in any capacity. Link to comment Share on other sites More sharing options...
BRAWNDO Posted October 12, 2011 Share Posted October 12, 2011 (edited) My bro in law is not going to be a part of it. I was asked to put the two parties together and it turned out they did not need the extra investors. It is now understood that they have everyone they need (unless there are last second amendments..) Baumer thanks for the update. Do you know if there is a contingency plan in place if case one of the investors is deemed unsuitable? After reading the Buffalo Rising article and hearing terms such junk bonds, over leveraged, and toxic assets to describe his business dealings, I doubt the NFL would allow him to be the principal owner. Any information would be appreciated. Edited October 12, 2011 by BRAWNDO Link to comment Share on other sites More sharing options...
bbb Posted October 12, 2011 Share Posted October 12, 2011 In 1967, Gillett called up Pete Rozell and asked if there were any teams for sale. For $1 mil he bought 22% of the Miami Dolphins. He sold his shares a year later, and bought, of all things, The Harlem Globetrotters for 3.7 mil. So he has already owned a portion of an NFL team. I also heard rumors that he lent money to another NFL team, so he may not be in bad standing with the league. I'm not sticking up for him, or necessarily think he should be the guy, but he has ties. http://www.people.com/people/archive/article/0,,20119511,00.html And he's apparently fondly remembered in Vail where he owned the ski resorts there and Beaver Creek. He's had quite a diverse professional life in the sports world, probably a very interesting guy. http://www.realvail.com/blog/208/Liverpool-fans-unlikely-to-look-back-fondly-on-Gillett-era-the-way-Vail-fans-do Holy crap - did you see this guy's record when he owned the Globetrotters! Get ur done, George! Link to comment Share on other sites More sharing options...
drinkTHEkoolaid Posted October 12, 2011 Share Posted October 12, 2011 Jeremy Jacobs, Delaware North, Boston Bruins owner and Western New York native. I thought this even before GR mentioned it this morning. Additionally and what GR DIDN'T mention this morning is that Jacobs said (paraphrasing), "I'd love to be able to purchase an NFL team in my home Town." It cannot be Jacobs as he is a CURRENT owner he would have to sell the bruins to buy the bills Link to comment Share on other sites More sharing options...
Kelly the Dog Posted October 12, 2011 Share Posted October 12, 2011 Holy crap - did you see this guy's record when he owned the Globetrotters! Get ur done, George! Link to comment Share on other sites More sharing options...
mac4095 Posted October 12, 2011 Share Posted October 12, 2011 GO Washington Generals! Link to comment Share on other sites More sharing options...
bbb Posted October 12, 2011 Share Posted October 12, 2011 GO Washington Generals! He's working on scheduling the Redskins for 16 games a year. Link to comment Share on other sites More sharing options...
jimmy10 Posted October 12, 2011 Share Posted October 12, 2011 GO Washington Generals! I swear to god, those guys are due. I'm taking them to win outright this weekend. Link to comment Share on other sites More sharing options...
DJasper Probincrux III Posted October 12, 2011 Share Posted October 12, 2011 It cannot be Jacobs as he is a CURRENT owner he would have to sell the bruins to buy the bills There is a grace period and honestly if you wanted to sell the Bruins value is at an all time high right now. Link to comment Share on other sites More sharing options...
bklnpete Posted October 12, 2011 Share Posted October 12, 2011 Does anyone really think this guy sounds like a worthwhile potential owner? Sounds like a bad risk to me. Link to comment Share on other sites More sharing options...
Mike in Syracuse Posted October 12, 2011 Share Posted October 12, 2011 Ralph may be many things but one thing he's not is dirty. This guy is slime from top to bottom. Link to comment Share on other sites More sharing options...
Punch Posted October 12, 2011 Share Posted October 12, 2011 Does anyone really think this guy sounds like a worthwhile potential owner? Sounds like a bad risk to me. According to Tim Graham, Gillett no longer has the wealth to buy a majority ownership stake. At best he'd be part of a group. If his only involvement were his dollars, as a minority shareholder, then that's the only way it would be acceptable, and even then he's undesirable. Link to comment Share on other sites More sharing options...
Recommended Posts