The Family Ownership Dramas That Roil the NFL

[DGUtley]

The Family Ownership Dramas That Roil the NFL

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Even in a city famous for its burial rituals, this one was notable for its scope and scale. On March 23, New Orleans came to a standstill for the mourning of Tom Benson. Radio stations offered traffic reports and alternate routes for getting to (and avoiding) Benson’s mass at St. Louis Cathedral in the French Quarter. Louisiana’s governor, John Bel Edwards, stood alongside business leaders as Benson, the state’s only listed billionaire, was commemorated and celebrated.The embodiment of the self-made man, Benson, who died at 90, was the proprietor of various local enterprises, from car dealerships to banks. But he was best known for owning Louisiana’s two professional sports franchises, the NFL’s Saints and the NBA’s Pelicans.


So it was that commissioners Roger Goodell and Adam Silver both attended the funeral. Pallbearers included Drew Brees and Anthony Davis, as well as their respective coaches, Sean Payton and Alvin Gentry.There were, however, some conspicuous absences. Benson’s daughter, Renee, was not in attendance. Nor were his granddaughter and grandson, Rita and Ryan LeBlanc. The three estranged family members—the Three R’s, they’re called in New Orleans—were invited to a private viewing of Benson’s body three days before the funeral. But it was made clear they were not welcome at the funeral.At NFL headquarters in midtown Manhattan, the Benson feud was no idle matter.


Family disputes, embroidered with Shakespearean elements, have always been a part of the league’s history. But as the values of teams—and the age of their patriarch owners—drift ever higher, lines of succession become more and more significant. Add in the complexities brought on by second (and third) spouses, stepchildren and the specter of a hefty inheritance tax, and it’s a volatile mix that can disrupt—and subvert—a league.


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https://www.si.com/nfl/2018/07/17/nfl-succession-family-ownership-bowlen-benson-adams-mccaskey

[Admiral Ackbar]

Good news is the Haslem family has agreed to leave the team to the Truck Drivers he ripped off by overcharging them

[RMNIXON]

I will never forget what family ruined the LA Rams for many years................

[carolina73]

I'm having a hard time thinking of a better investment over the last 30 years.
All the teams are making money and look at the valuations since Kraft paid less than 200 million for the Patriots.

orbes NFL team values in 2021

Which franchises are valued among the most expensive, and who sits closer to the bottom?

And a work day is going to a football game.



All values according to Forbes.

NFL Franchise Values 2021
32) Buffalo Bills | Value: $2.27 billion
31) Cincinnati Bengals | Value: $2.275 billion
30) Detroit Lions | Value: $2.4 billion
29) Cleveland Browns | Value: $2.6 billion
28) Tennessee Titans | Value: $2.625 billion
27) Arizona Cardinals | Value: $2.65 billion

26) Jacksonville Jaguars | Value: $2.8 billion
25) New Orleans Saints | Value: $2.825 billion
24) Carolina Panthers | Value: $2.91 billion
23) Los Angeles Chargers | Value: $2.92 billion
22) Kansas City Chiefs | Value: $2.93 billion
21) Tampa Bay Buccaneers | Value: $2.94 billion

20) Atlanta Falcons | Value: $3.2 billion
19) Indianapolis Colts | Value: $3.25 billion
18) Minnesota Vikings | Value: $3.35 billion
17) Baltimore Ravens | Value: $3.4 billion
16) Las Vegas Raiders | Value: $3.415 billion
15) Miami Dolphins | Value: $3.42 billion
14) Pittsburgh Steelers | Value: $3.43 billion
13) Green Bay Packers | Value: $3.475 billion
12) Seattle Seahawks | Value: $3.5 billion
11) Houston Texans | Value: $3.7 billion

10) Denver Broncos | Value: $3.75 billion
9) Philadelphia Eagles | Value: $3.8 billion
8) New York Jets | Value: $4.05 billion
7) Chicago Bears | Value: $4.075 billion
6) San Francisco 49ers | Value: $4.175 billion
5) Washington Football Team | Value: $4.2 billion
4) Los Angeles Rams | Value: $4.8 billion
3) New York Giants | Value: $4.85 billion
2) New England Patriots | Value: $5 billion
1) Dallas Cowboys | Value: $6.5 billion

[Bigdog]

I'm having a hard time thinking of a better investment over the last 30 years.
All the teams are making money and look at the valuations since Kraft paid less than 200 million for the Patriots.

orbes NFL team values in 2021

Which franchises are valued among the most expensive, and who sits closer to the bottom?

And a work day is going to a football game.



All values according to Forbes.

NFL Franchise Values 2021
32) Buffalo Bills | Value: $2.27 billion
31) Cincinnati Bengals | Value: $2.275 billion
30) Detroit Lions | Value: $2.4 billion
29) Cleveland Browns | Value: $2.6 billion
28) Tennessee Titans | Value: $2.625 billion
27) Arizona Cardinals | Value: $2.65 billion

26) Jacksonville Jaguars | Value: $2.8 billion
25) New Orleans Saints | Value: $2.825 billion
24) Carolina Panthers | Value: $2.91 billion
23) Los Angeles Chargers | Value: $2.92 billion
22) Kansas City Chiefs | Value: $2.93 billion
21) Tampa Bay Buccaneers | Value: $2.94 billion

20) Atlanta Falcons | Value: $3.2 billion
19) Indianapolis Colts | Value: $3.25 billion
18) Minnesota Vikings | Value: $3.35 billion
17) Baltimore Ravens | Value: $3.4 billion
16) Las Vegas Raiders | Value: $3.415 billion
15) Miami Dolphins | Value: $3.42 billion
14) Pittsburgh Steelers | Value: $3.43 billion
13) Green Bay Packers | Value: $3.475 billion
12) Seattle Seahawks | Value: $3.5 billion
11) Houston Texans | Value: $3.7 billion

10) Denver Broncos | Value: $3.75 billion
9) Philadelphia Eagles | Value: $3.8 billion
8) New York Jets | Value: $4.05 billion
7) Chicago Bears | Value: $4.075 billion
6) San Francisco 49ers | Value: $4.175 billion
5) Washington Football Team | Value: $4.2 billion
4) Los Angeles Rams | Value: $4.8 billion
3) New York Giants | Value: $4.85 billion
2) New England Patriots | Value: $5 billion
1) Dallas Cowboys | Value: $6.5 billion

One thing to note is that Kraft bought a franchise that literally played in a stadium that a texas high school team would frown at playing, while also being located in the middle of nowhere! He used his own money too to build his new stadium, which is something nearly all other owners have not done in the league! He invested millions of his own money to build up Gillette and patriots place unlike the Jerry Jones of the world who took a nice fat check from the taxpayers of Texas.

[donttread]

The Family Ownership Dramas That Roil the NFL

Attachment 43449

Even in a city famous for its burial rituals, this one was notable for its scope and scale. On March 23, New Orleans came to a standstill for the mourning of Tom Benson. Radio stations offered traffic reports and alternate routes for getting to (and avoiding) Benson’s mass at St. Louis Cathedral in the French Quarter. Louisiana’s governor, John Bel Edwards, stood alongside business leaders as Benson, the state’s only listed billionaire, was commemorated and celebrated.The embodiment of the self-made man, Benson, who died at 90, was the proprietor of various local enterprises, from car dealerships to banks. But he was best known for owning Louisiana’s two professional sports franchises, the NFL’s Saints and the NBA’s Pelicans.


So it was that commissioners Roger Goodell and Adam Silver both attended the funeral. Pallbearers included Drew Brees and Anthony Davis, as well as their respective coaches, Sean Payton and Alvin Gentry.There were, however, some conspicuous absences. Benson’s daughter, Renee, was not in attendance. Nor were his granddaughter and grandson, Rita and Ryan LeBlanc. The three estranged family members—the Three R’s, they’re called in New Orleans—were invited to a private viewing of Benson’s body three days before the funeral. But it was made clear they were not welcome at the funeral.At NFL headquarters in midtown Manhattan, the Benson feud was no idle matter.


Family disputes, embroidered with Shakespearean elements, have always been a part of the league’s history. But as the values of teams—and the age of their patriarch owners—drift ever higher, lines of succession become more and more significant. Add in the complexities brought on by second (and third) spouses, stepchildren and the specter of a hefty inheritance tax, and it’s a volatile mix that can disrupt—and subvert—a league.


Attachment 43450


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https://www.si.com/nfl/2018/07/17/nfl-succession-family-ownership-bowlen-benson-adams-mccaskey

Never underestimate the power of pure unadulterated greed. A faily of people who could of all been multimillionaires but that wasn't good enough.

[PaulyWalnuts]

These are great family business'.. Lots of construction contracts, parking and concession deals, merchandise to sell.

My crew earned a decent amount with deals at the old Meadowlands.

Lots and lots of business opportunities if you respect the family at the top.

[carolina73]

One thing to note is that Kraft bought a franchise that literally played in a stadium that a texas high school team would frown at playing, while also being located in the middle of nowhere! He used his own money too to build his new stadium, which is something nearly all other owners have not done in the league! He invested millions of his own money to build up Gillette and patriots place unlike the Jerry Jones of the world who took a nice fat check from the taxpayers of Texas.

LOL. The only time Scheaffer stadium was packed was when Michael Jackson played there. Scheaffer and Sullivan Stadium were the names for the Foxboro Stadium, if you are not from the area.

[carolina73]

LOL. The only time Scheaffer stadium was packed was when Michael Jackson played there. Scheaffer and Sullivan Stadium were the names for the Foxboro Stadium, if you are not from the area.

The Sullivans were terrible owners.

[Tahuyaman]

I will never forget what family ruined the LA Rams for many years................

Who was that?