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NFL Franchise Notes: Bowlen-Kaiser Dispute Not Settled
Published November 16, 2004
The AP’s Jon Sarche reports former Broncos Owner Edgar Kaiser, who won a lawsuit seeking the right to buy a 10% stake in the team from Owner Pat Bowlen for $15M, is “fighting a proposal that would allow” Bowlen to buy the share back within two years. Kaiser’s attorneys during a court hearing Monday argued that the buy-back proposal “would unfairly penalize [Kaiser] because he wouldn’t be guaranteed fair market value for the stake when Bowlen buys it back.” The provision would give Bowlen the right to buy the stake back for $20M plus 8% annual interest in two years. U.S. District Judge Richard Matsch plans to rule before the end of the year (AP, 11/16).
RAIDERS: In S.F., Eric Young notes the PSLs the Raiders sold upon moving back to Oakland begin expiring after the ’05 season. Sources said that “several season ticket options are under discussion, including scrapping PSLs and using a different season ticket program.” Raiders CEO Amy Trask declined comment on the discussions, but said any season ticket offering “will take into account the fans who stepped forward and originally purchased these (PSLs).” Young writes that under a “worst-case scenario in which none of the PSL revenue is replaced,” debt for Network Associates Coliseum would be above $158M for Oakland and Alameda County in ‘09 (S.F. BUSINESS TIMES, 11/12 issue).
OWNERS: Cowboys Owner Jerry Jones, on head coach Bill Parcells calling the team’s on-field performance “stupid”: “He was taking it on the chin for himself as well as the entire team, and when you’re structured the way we are with the Cowboys, I’m very involved ... and I don’t want him taking it all on the chin. He shouldn’t” (“SportsCenter,” ESPN, 11/15)....SI’s Peter King joked that the Falcons “set an NFL record every home game: Most fans, advertisers, hangers-on, pals-of-Arthur Blank flooding the sidelines, pre-game” (SI.com, 11/15).