Go Back   New Orleans Saints - blackandgold.com > Main > Saints

NFL rules prevent effort by Tom Benson to resolve ownership*fight

this is a discussion within the Saints Community Forum; A new front has emerged in the Benson Family Feud. As Saints owner Tom Benson tries to resolve a fight with estranged heirs arising from his decision to prevent them from acquiring*ownership of his NFL and NBA teams, the NFL ...

Reply
 
LinkBack Thread Tools Display Modes
Old 10-01-2016, 02:07 PM   #1
SaintsWillWin
 
Join Date: Nov 2010
Location: Shreveport,Louisiana
Posts: 12,326
NFL rules prevent effort by Tom Benson to resolve ownership*fight

A new front has emerged in the Benson Family Feud.

As Saints owner Tom Benson tries to resolve a fight with estranged heirs arising from his decision to prevent them from acquiring*ownership of his NFL and NBA teams, the NFL will not allow*Benson to follow through on a proposal to swap non-voting shares of the Saints with personally-guaranteed promissory notes in trust funds previously created for his daughter and her children.

Via*Katherine Sayre of the New Orleans Times-Picayune, recent court filings in a lawsuit sparked by the issue “show that the NFL’s finance rules won’t allow Benson to use his personal wealth . . . to back the proposed promissory notes.” The league’s position derailed a settlement that had previously been reached between Benson and trustees regarding his desire to strip Saints equity from the family members’ trust funds.

NFL rules prevent effort by Tom Benson to resolve ownership fight | ProFootballTalk

"A Veteran is someone who, at one point in his life, wrote a blank check made payable to "The United States of America" for an amount of "up to and including my life."
WhoDat!656 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules

LinkBacks (?)
LinkBack to this Thread: http://blackandgold.com/saints/79820-nfl-rules-prevent-effort-tom-benson-resolve-ownership-fight.html
Posted By For Type Date Hits
The Latest New Orleans Saints News | SportSpyder This thread Refback 10-01-2016 02:21 PM 1


All times are GMT -5. The time now is 09:41 AM.


Copyright 1997 - 2014 - BlackandGold.com
no new posts