Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
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11-19-2012, 05:54 PM
Join Date: Feb 2012
Originally Posted by
The issue isn't ownership but the fact that he would be the "controlling owner" of the Coyotes (controlling meaning the president not ncessarily the majority owner). A minority ownership in both clubs would be allowed, but once you are in charge of a club you can't have a stake in another club.
Baisically you can have wonership stakes in upto 3 clubs as long as only one of the clubs is >10% stake and is less than 30%. If you are a director or president or whatever of a club, or have >30% stake you cannot have a stake in any other club.
Article XIII of the NHL constitution: [Mod: auto download, click with care, plus it's here in the BOH sticky section]
Ok so the Browns example. The new owner still has his ownership in the Steelers and he is winding that up. Minority interests in teams aren't always easy to move. My guess is he will sell it to the other owners eventually IF this deal goes through.
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