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this is a discussion within the Saints Community Forum; Well I'm not sure I even buy this myself, but it could be that all this time he is quietly trying to downvalue the team, as he is heading in to the lawsuit. If the value of the team declines ...
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Re: So where is Benson during all this?
Well I'm not sure I even buy this myself, but it could be that all this time he is quietly trying to downvalue the team, as he is heading in to the lawsuit. If the value of the team declines or tanks (even just temporarily), it makes his swap of assets out of the trusts make a lot more sense... It was only when the team value was astronomically high that the Rita camp had a problem with the substitution of the trust assets. The trust agreements contain a provision requiring the trustee to ensure that any assets changed, are exchanged for assets of equal value. That was the initial sticking point all along. The value of the swap.
Is the team worth $556 million or 1.1 billion? That is the question. I'm no expert but I'd say the QB, GM and coach are on thin ice, the next year's season ticket sellout is in jeopardy, merchandise sales are at a lull (no stars on the team, plus anybody really want to buy a Brees jersey, that doesn't already have one by now?), and the overall value of the team is potentially dropping, by the week. It will bounce back of course but this could come down to being all about the appraisal. |
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Posted By | For | Type | Date | Hits |
The Latest New Orleans Saints News | SportSpyder | This thread | Refback | 12-02-2015 03:03 AM | 1 |
So where is Benson during all this? | This thread | Refback | 11-30-2015 02:41 PM | 1 |