WITH ESTATE SETTLEMENT, JOHN KENT COOKE SET TO BUY REDSKINS
The estate of former Redskins Owner Jack Kent Cooke has
"agreed to pay" his widow $20M to settle her challenge to
his will, according to Finn & Shear of the WASHINGTON POST.
The settlement provides Marlene Ramallo Cooke with financial
security, and "ensures that most" of Kent Cooke's estate,
which is estimated at $500M-825M will go to a charitable
trust, as he had instructed. The agreement "also will make
it easier" for Redskins President John Kent Cooke to
purchase the team from the charitable foundation, since
legal experts had speculated that if Marlene Cooke's lawsuit
had been successful, the team might have been sold to
"generate the cash to pay her off." John Kent Cooke said
the settlement "allows me to pursue my plans to purchase
control of the Redskins" (WASHINGTON POST, 4/14).