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-   -   NOLA.com Rita sues!!!! (https://blackandgold.com/saints/70704-rita-sues.html)

QBREES9 01-22-2015 11:53 PM
Re: Rita sues!!!!
 
Family, that why you get to pick your friends. Just sad. We know this is not going to end well.

RailBoss 01-23-2015 03:33 AM
Re: Rita sues!!!!
 
Boy Christmas dinner at Tom's house is gonna suck next year!

xan 01-23-2015 03:55 AM
Re: Rita sues!!!!
 
I think that we need to start a B&G collection to raise enough money to buy the club. It is not a stretch that the result of all this fighting is the dissolution of the trust and the exposure of the entire estate to federal and state(s) taxes. As was pointed out, Benson may be wealthy, but he is likely not to have $5 billion in assets that will protect the $1.7 billion value ascribed to the two franchises.

We need to be prepared. Halo? Set up the B&G trust!

SloMotion 01-23-2015 04:50 AM
Re: Rita sues!!!!
 
Quote:
Originally Posted by vtiger72 (Post 638409)
This article adds an interesting element. Apparently, Benson may not legally be able to remove the Saints and Pelicans from the trusts. It definitely seems he has under valued them.

Benson’s gambit to remove Saints, Pelicans from heirs’ trusts could fall flat | HomeGarden | The Advocate — Baton Rouge, Louisiana
<sigh> ... it's always the fans who suffer, :neutral:. Lotta' good points on the trusts being irrevocable. That's probably why they set 'em up in the first place ... Mr. Benson wouldn't be the first old guy to do something peculiar, just sayin'.

Quote:
Originally Posted by from the article
“With these kinds of dollars at stake, there’ll be fights over everything,” predicted Joel Mendler, an expert in estate planning at the law firm Baldwin Haspel. “The only ones who will win will be the lawyers."

saintsfan1976 01-23-2015 06:48 AM
Re: Rita sues!!!!
 
We may have Rita and Tags to thank for bringing the Saints back to New Orleans but we have Payton & Brees to thank for KEEPING the Saints in New Orleans.

Winning cures all and now that things are funky, my gut tells me Benson is back to his old tricks. I'd almost forgotten how sneaky the old days were....

lee909 01-23-2015 07:14 AM
Re: Rita sues!!!!
 
The worse thing that can happen will be split ownership between the two.
Leaves the team in limbo with two parties pulling it in opposite directions.
I may not be from the city but if this leads to the team to leave New Orleans I'm done.

Its the one aspect of US sports I can't stand,the team belongs to the fans nobody else

SmashMouth 01-23-2015 07:34 AM
Re: Rita sues!!!!
 
Quote:
Originally Posted by lee909 (Post 638439)
The worse thing that can happen will be split ownership between the two.
Leaves the team in limbo with two parties pulling it in opposite directions.
I may not be from the city but if this leads to the team to leave New Orleans I'm done.

Its the one aspect of US sports I can't stand,the team belongs to the fans nobody else
Well said...:bng:

Mardigras9 01-23-2015 08:31 AM
Re: Rita sues!!!!
 
Quote:
Originally Posted by Halo (Post 638415)
As I remember it, after Katrina, it was Tom Benson who wanted to move the team to San Antonio claiming the new facilities on Airline drive were un-usable when they were not even touched by the storm. His new bride, Gayle, encouraged the move because that's where she was from and wanted the team there. Internally it was Rita Leblanc Benson, Tom's granddaughter, who started to resist and change the mind of her grandfather. Eventually it was Tagliabue who put his foot down for the sake of decency. After Katrina and the Saints return, Rita earned herself an executive spot and a face of the organization.

Tom says ownership needs to shift to Gayle to keep the team in New Orleans long term. My question is, when recently has the long term location of the team been in question? Why is that even mentioned? Sounds like boy who cried wolf and a PR move. Gayle gets the team and it can move at anytime. No one has to fulfill a "promise".

Totally agree.
Yes, that is how I remember it also.

foreverfan 01-23-2015 08:46 AM
Re: Rita sues!!!!
 
Quote:
Originally Posted by saintfan (Post 638413)
Time for another "open the books" debate?

If I understand, he can pull the assets out of the trust, but he has to replace them with assets of equal value. How much are the Saints worth?

:popcorn:
Hopefully they will find the money I got screwed out of when I bought a car from Benson years ago.

http://media-cache-ak0.pinimg.com/73...c0f23f0b48.jpg

Beastmode 01-23-2015 09:44 AM
Re: Rita sues!!!!
 
This is the second darkest time in team history. Could you imagine working in the front office right now with no real leadership having to watch your back at all times. Nobody of quality is going to want to work for this organization in this climate to include FA's even after it's sorted out. If the wife runs the show it's going to unravel rather quickly. All the recent statements by Benson she released, how is that even possible if he's losing his mental facilities. Impossible.


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