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01-30-2013, 02:04 PM
  #749
cheswick
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Quote:
Originally Posted by ahplk View Post
Wouldn't it make sense for Jamison to sell off the 5% (or whatever amount it is that he needs to sell in order to bring him below a 30% stake in the Sharks so as to be considered a non-controlling owner) of his shares at the same time?
A controlling owner isn't necessarily just over 30% stake. If he is to have effective control of the Coyotes after the sale, he would be considered a controlling owner (even if he didn't own any of the team). In which case he'd have to sell his complete stake in the Sharks.

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