stuvian Posted February 20, 2022 Share Posted February 20, 2022 https://profootballtalk.nbcsports.com/2022/02/17/st-louis-settlement-allocation-remains-unresolved/ Kroenke's celebrations could be short lived. Maybe this is why Goodell wants and extension now. He'll want to cash out if his legal eagles wrote a bum agreement on which Kroenke could sue the league and the other 31 owners for sticking him with the St. Louis lawsuit bill. Meanwhile I can get 5 cents per empty beer can at the recycling depot. 2 Quote Link to comment Share on other sites More sharing options...
Mike in Horseheads Posted February 20, 2022 Share Posted February 20, 2022 53 minutes ago, stuvian said: https://profootballtalk.nbcsports.com/2022/02/17/st-louis-settlement-allocation-remains-unresolved/ Kroenke's celebrations could be short lived. Maybe this is why Goodell wants and extension now. He'll want to cash out if his legal eagles wrote a bum agreement on which Kroenke could sue the league and the other 31 owners for sticking him with the St. Louis lawsuit bill. Meanwhile I can get 5 cents per empty beer can at the recycling depot. Some of the places here give 6c now! Ya might want to drink more and cash in on this 20% guaranteed return. 1 Quote Link to comment Share on other sites More sharing options...
Don Otreply Posted February 20, 2022 Share Posted February 20, 2022 I tried to care about billionaires law suites against other billionaires but just can’t muster any actual concern..,, think I’m gonna have another beer 🍺 1 1 Quote Link to comment Share on other sites More sharing options...
Ya Digg? Posted February 20, 2022 Share Posted February 20, 2022 Perhaps I’m not fully understanding this whole thing, but man this dude is a scumbag. Buys the team in St.Louis and “negotiates” in good faith for a new stadium but really had no intention of keeping them there, says he wants to move the team to LA and tells the league don’t worry I’ll take care of the costs, gets sued for moving the team so he then threatens to sue the league if all of the other owners don’t chip in and pay for this lawsuit. Pretty hard to swindle billionaires out of money but it looks like he may do just that looking at it from a Bills perspective, if the league had to cover the cost of the lawsuit, does this cut into the money they would be willing to give to the Bills for a new stadium? Quote Link to comment Share on other sites More sharing options...
stuvian Posted February 20, 2022 Author Share Posted February 20, 2022 29 minutes ago, Ya Digg? said: Perhaps I’m not fully understanding this whole thing, but man this dude is a scumbag. Buys the team in St.Louis and “negotiates” in good faith for a new stadium but really had no intention of keeping them there, says he wants to move the team to LA and tells the league don’t worry I’ll take care of the costs, gets sued for moving the team so he then threatens to sue the league if all of the other owners don’t chip in and pay for this lawsuit. Pretty hard to swindle billionaires out of money but it looks like he may do just that looking at it from a Bills perspective, if the league had to cover the cost of the lawsuit, does this cut into the money they would be willing to give to the Bills for a new stadium? I suspect these are different pools of funds of which the league probably has many Quote Link to comment Share on other sites More sharing options...
Ridgewaycynic2013 Posted February 20, 2022 Share Posted February 20, 2022 Immediate removal of NFL franchises from millionaire / billionaire ownership! All franchises now follow Green Bay model! * Now, you'll excuse me while I go storm the Bastille, or the Winter Palace. 😁 1 1 1 2 Quote Link to comment Share on other sites More sharing options...
SectionC3 Posted February 20, 2022 Share Posted February 20, 2022 Whomever wrote that contract is in trouble. Indemnification agreements are construed against the drafter. I believe the key word is "costs." Does it mean legal fees, paperclips, etc.? Or does it mean settlement funds? To my understanding, that is the nature of the dispute. Quote Link to comment Share on other sites More sharing options...
Doc Posted February 20, 2022 Share Posted February 20, 2022 (edited) The settlement is a cost. With the contract specifying "including legal fees and other litigation expenses" Kroenke can't reasonably claim that "cost" only meant those. Edited February 20, 2022 by Doc Quote Link to comment Share on other sites More sharing options...
NoHuddleKelly12 Posted February 21, 2022 Share Posted February 21, 2022 On 2/20/2022 at 9:30 AM, SectionC3 said: Whomever wrote that contract is in trouble. Indemnification agreements are construed against the drafter. I believe the key word is "costs." Does it mean legal fees, paperclips, etc.? Or does it mean settlement funds? To my understanding, that is the nature of the dispute. Depends—most Ks drafted at this kind of level, you would expect will also have a boilerplate type of additional provision specifically stating that any ambiguity in the K will not be construed against the drafter, and candidly probably went through so many rewrites/redline versions (every party’s atty has to justify their own costs lol) that it would be difficult to find a section that was not edited at all to begin with. Just imho though. Quote Link to comment Share on other sites More sharing options...
HOUSE Posted February 21, 2022 Share Posted February 21, 2022 The owners are broke and this will only make it worse 2 1 Quote Link to comment Share on other sites More sharing options...
BADOLBILZ Posted February 21, 2022 Share Posted February 21, 2022 On 2/20/2022 at 12:10 AM, Mike in Horseheads said: Some of the places here give 6c now! Ya might want to drink more and cash in on this 20% guaranteed return. 1 2 Quote Link to comment Share on other sites More sharing options...
Mr. WEO Posted February 21, 2022 Share Posted February 21, 2022 On 2/19/2022 at 11:12 PM, stuvian said: https://profootballtalk.nbcsports.com/2022/02/17/st-louis-settlement-allocation-remains-unresolved/ Kroenke's celebrations could be short lived. Maybe this is why Goodell wants and extension now. He'll want to cash out if his legal eagles wrote a bum agreement on which Kroenke could sue the league and the other 31 owners for sticking him with the St. Louis lawsuit bill. Meanwhile I can get 5 cents per empty beer can at the recycling depot. He's not exposed here. The owners paid for the lawyers to write the indemnification contract with Kroenke, not Goodell. In fact will decide if Kroenke is solely on the hook. If he does, Kroenke can take that to court and try to say the "costs', don't include "settlements".. This isn't Goodell's problem. It's Terry's/Jerry's/Bob's/Stan's...... Quote Link to comment Share on other sites More sharing options...
SectionC3 Posted February 21, 2022 Share Posted February 21, 2022 5 hours ago, NoHuddleKelly12 said: Depends—most Ks drafted at this kind of level, you would expect will also have a boilerplate type of additional provision specifically stating that any ambiguity in the K will not be construed against the drafter, and candidly probably went through so many rewrites/redline versions (every party’s atty has to justify their own costs lol) that it would be difficult to find a section that was not edited at all to begin with. Just imho though. One would think, but they also blew the "costs" issue. I'm not confident in anything that occurred here. And, it may have been such that the boilerplate language could not come in as a result of negotiation. Happens all the time in the construction context. Who knows. We could both be way off given how crazy thing thing is here. On 2/20/2022 at 10:23 AM, Doc said: The settlement is a cost. With the contract specifying "including legal fees and other litigation expenses" Kroenke can't reasonably claim that "cost" only meant those. Are costs damages? Are funds dedicated to settlement damages? Or are they something else, e.g., compensatory payments, whatever. It all depends on how the contract is written. But costs typically doesn't mean damages, etc. It refers to things like office supplies, paper clips, travel expenses, and filling fees. 1 Quote Link to comment Share on other sites More sharing options...
Doc Posted February 21, 2022 Share Posted February 21, 2022 2 hours ago, SectionC3 said: Are costs damages? Are funds dedicated to settlement damages? Or are they something else, e.g., compensatory payments, whatever. It all depends on how the contract is written. But costs typically doesn't mean damages, etc. It refers to things like office supplies, paper clips, travel expenses, and filling fees. But that would be under "legal fees and other litigation expenses," right? And that was specified in the contract. So if you remove "costs" from "in respect of any costs" and replace it with "legal fees and other litigation expenses," you would get "in respect of any legal fees and other litigation expenses, including legal fees and other litigation expenses" which is redundant, meaning "costs" was meant to refer to damages "costs." 1 Quote Link to comment Share on other sites More sharing options...
SectionC3 Posted February 22, 2022 Share Posted February 22, 2022 19 hours ago, Doc said: But that would be under "legal fees and other litigation expenses," right? And that was specified in the contract. So if you remove "costs" from "in respect of any costs" and replace it with "legal fees and other litigation expenses," you would get "in respect of any legal fees and other litigation expenses, including legal fees and other litigation expenses" which is redundant, meaning "costs" was meant to refer to damages "costs." It all depends what the contract says. But typically costs are not equivalent to damages or to settlement proceeds. I haven’t seen the contract, so I can’t say. The way the NFL wants to use “costs,” however, is unusual. Quote Link to comment Share on other sites More sharing options...
frostbitmic Posted February 22, 2022 Share Posted February 22, 2022 To be fair, the league should pay for everything that Kroenke is looking for and then award him 5 more Super Bowls in his building. Quote Link to comment Share on other sites More sharing options...
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