Partial ownership for Manning

[SmokyFin]

Someone may have already brought this up but it’s been reported that Titans owner Bud Adams planned to offer Manning partial ownership in the Titans. My question is how is something like that even legal?

If you can do things like that then what good is a salary cap? You could have teams competing for players not only with money but with bigger pieces of ownership of an organization, etc.

Surely, something there’s some rules against this?

 

[Geforce]

Even if Bud Adams planned to offer Manning partial ownership, the league would still have to approve of it and I seriously doubt they would. That would open up a can of worms from which there would be no turning back from.

 

[Roman529]

If you can offer the William's Sisters, Fergie and J-Lo partial ownership in the team, why couldn't the owner do likewise with Peyton, or offer Peyton's wife this kind of deal, if you want to get around a player owning a team????

 

[ohall]

From what I understand he can't do that as far as part of a contract offer to Manning.

 

[dolfan19]

And then comes the time when we realize that Peyton really wasn't healthy, and we need to cut him. I could see this turn into quite the mess. Lol

 

[NY8123]

I brought this question up back in February here:

http://www.finheaven.com/forums/showthread.php?314561-Franchise-Player-Question

From what I understand as long as he plays for the team he is partial owner of there is no rule against it. If Manning is traded and owns part of the team he can not play for any other team until his part of the prior franchise is sold off.

I wondered if Ross was going to try and pull this off in pursuit of Manning, I never expected Adams to go balls deep on it.

 

[Zounds]

It is illegal for a player to have owwnership in a team per the NFL Franchise bylaws, under Article IX: "No player, coach, or manager shall, indirectly or directly, own stock or have any financial interest in the ownership or earnings of any member club of the League". End of rumor.

 

[Geforce]

If you can offer the William's Sisters, Fergie and J-Lo partial ownership in the team, why couldn't the owner do likewise with Peyton, or offer Peyton's wife this kind of deal, if you want to get around a player owning a team????

J-Lo is not a partial owner, it's Marc Anthony. Neither of the celebrities you mention are active NFL players or married to any.

Ownership in a NFL franchise has to approved by all the owners and it is something they don't take lightly. To offer a player or a close family member partial ownership would make future negotiations with other players a nightmare for any franchise.

 

[Geforce]

It is illegal for a player to have owwnership in a team per the NFL Franchise bylaws, under Article IX: "No player, coach, or manager shall, indirectly or directly, own stock or have any financial interest in the ownership or earnings of any member club of the League". End of rumor.

Where's that thank you button when you need it.

 

[Roman529]

And then comes the time when we realize that Peyton really wasn't healthy, and we need to cut him. I could see this turn into quite the mess. Lol

Haha I hear you. Maybe they could put a clause in Manning's contract that if he cannot throw the football, he will take over as the OC or QB coach for at least three years. He probably knows more about running an offense than anyone else, and I am sure he could help a lot of young QB's out.

 

[Manning2012]

And then comes the time when we realize that Peyton really wasn't healthy, and we need to cut him. I could see this turn into quite the mess. Lol

Bud adams trying to be like Arison!

 

[Roman529]

J-Lo is not a partial owner, it's Marc Anthony. Neither of the celebrities you mention are active NFL players or married to any.

Ownership in a NFL franchise has to approved by all the owners and it is something they don't take lightly. To offer a player or a close family member partial ownership would make future negotiations with other players a nightmare for any franchise.

OK Thanks. I doubt owners have to vote on every single person who owns a team. The Green Bay Packers are owned by the fans, and many teams have partial ownership divided up over many players/companies. I think the owners just have a vote over who a team's PRIMARY owner is, not partial owners. There are also other ways around it....do you think the NFL could stop Bud Adams from offering Manning partial ownership of one of his car dealerships in Tennessee? Or future ownership?

 

[Marc790]

Immaterial; Manning is interested in another championship, not ownership. This thing about money and ownership and where he wants to live and the weather is getting overblown. Get over it.

 

[Zounds]

Where's that thank you button when you need it.

Actually, I should have read that Article further....it says it is possible to have a financial interest in only the team that you are employed by if approved by the NFL Executive Committee. So I stand correct, it may be possible for Manning to have a finanical interest in a team.

 

[Geforce]

OK Thanks. I doubt owners have to vote on every single person who owns a team. The Green Bay Packers are owned by the fans, and many teams have partial ownership divided up over many players/companies. I think the owners just have a vote over who a team's PRIMARY owner is, not partial owners. There are also other ways around it....do you think the NFL could stop Bud Adams from offering Manning partial ownership of one of his car dealerships in Tennessee? Or future ownership?

The Packers are the exception because they were publically owned prior to the league's merger and were grandfathered into the league as such.

The league have to approve of every contract involving the NFL and that means ownersip and players alike.

If Bud Adams wants to offer Peyton ownership in a business that doesn't involve the NFL, the league still might void the contract because the league would view it as trying to get around league rules.