Damian Mills, founder and CEO of Mills Automotive Group buys 16 car dealerships and makes an offer to buy Saints

AsylumGuido · 03-01-2024, 08:39 AM

Originally Posted by TheOak

Gayle said there is no way she sells the teams before she closes her eyes.

Once you enter the world of business and politics, statements like that are only as good as the last offer.

Just in case no one noticed, the NFL presently has 0 Black principle or majority owners and the fellow wanting to buy would just change that which is a huge reason for the league to use its influence to help get a deal done.

‘Old rich white woman blocks first black NFL owner from becoming reality and achieving his dream’ does not make pretty headlines for anyone.

A lot of it depends on how liquid Mr. Mills is. Buying 16 car dealerships can leave you asset rich but also either heavily leveraged or cash poor.

Like the league is full of old white lady owners.

If the league wants a black owner there are at least 25 old white guys that can give up their team, instead.

Besides, Gayle isn't your average owner in it for generational wealth. She's already the second wealthiest person in the state and has no heirs. Her assets are already set to go NOLA area charities when she dies. Why would she sell the team now for five billion when it can be sold in fifteen to twenty years upon her death for three or four times that amount? She's certainly not hurting for cash.

03-01-2024, 08:39 AM	#10
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,574	Re: Damian Mills, founder and CEO of Mills Automotive Group buys 16 car dealerships and makes an offer to buy Saints Originally Posted by TheOak Gayle said there is no way she sells the teams before she closes her eyes. Once you enter the world of business and politics, statements like that are only as good as the last offer. Just in case no one noticed, the NFL presently has 0 Black principle or majority owners and the fellow wanting to buy would just change that which is a huge reason for the league to use its influence to help get a deal done. ‘Old rich white woman blocks first black NFL owner from becoming reality and achieving his dream’ does not make pretty headlines for anyone. A lot of it depends on how liquid Mr. Mills is. Buying 16 car dealerships can leave you asset rich but also either heavily leveraged or cash poor. Like the league is full of old white lady owners. If the league wants a black owner there are at least 25 old white guys that can give up their team, instead. Besides, Gayle isn't your average owner in it for generational wealth. She's already the second wealthiest person in the state and has no heirs. Her assets are already set to go NOLA area charities when she dies. Why would she sell the team now for five billion when it can be sold in fifteen to twenty years upon her death for three or four times that amount? She's certainly not hurting for cash. Rugby Saint II likes this.
	“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill