Have you ever dreamed of spending a fortune to own a non-controlling portion of an NFL team that hasn’t made the playoffs since 2008? We’ve got a deal for you.
One-third of the Tennessee Titans will be up for sale. Susie Adams Smith is selling her interest in KSA Industries, the parent company that owns the Titans and was founded by the late Bud Adams. KSA Industries also has several other businesses including oil, gas and real estate according to The Tennessean, but that stuff isn’t as fun as owning part of an NFL team.
The Tennessean figures that since the Titans are valued at $2 billion by Forbes, buying one-third of the team will cost about $660 million. What a deal!
And since there have been some ownership questions ever since Bud Adams died, the family made it clear right away that Amy Adams Strunk would continue to be the controlling owner.
Adams Strunk’s statement, released through the team, said: “Recently Susie (Smith) began the process of selling her portion of KSA Industries, which includes a fractional indirect interest in the Tennessee Titans. We respect her right to make this decision and will cooperate fully with the process, which will not impact team operations in any way.
“Regardless of the outcome of this process, I will continue to serve as the controlling owner of the Titans. The remaining two-thirds of the team controlled by myself, Kenneth Adams IV, Barclay Adams and Susan Lewis is not and has never been for sale.
“Both personally and as a group, we have invested time, effort and capital to improve this franchise and we are excited to see the results on and off the field for years to come.”
— Tennessee Titans (@Titans) August 8, 2017
So you don’t get to fire coach Mike Mularkey if this season goes poorly, but one-third of an NFL team’s profits isn’t bad. One would assume you get good tickets with that purchase too. And you might be getting in on the ground floor of something good: The Titans have an exciting future and could be a breakout team this season. Maybe for that $660 million investment, you’ll get a Super Bowl ring in the next few seasons. Maybe.
So check your bank account, empty out that 401(k) and see if you can find a few million in your couch cushions. You too could be a (partial) NFL owner.
More Titans coverage on Yahoo Sports:
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