"You can't fire an owner. In a franchise system the parent company can force them to sell when they own a minority stake - often based on malevolent behavior clauses in their bylaws/operating agreements, but obviously they don't want to invoke those or they would have done so a year ago."
Correct. MLS as the parent company has never done …
"You can't fire an owner. In a franchise system the parent company can force them to sell when they own a minority stake - often based on malevolent behavior clauses in their bylaws/operating agreements, but obviously they don't want to invoke those or they would have done so a year ago."
Correct. MLS as the parent company has never done that. The threat of ultimately going that route is what finally got Dell Loy Hansen to sell RSL, but they didn't force a sale there. And Hank Paulson has been called a "model owner" by Don Garber, so I wouldn't hold my breath for it happening in Portland.
(I just bring that up as context, I don't disagree with anything you wrote)
"You can't fire an owner. In a franchise system the parent company can force them to sell when they own a minority stake - often based on malevolent behavior clauses in their bylaws/operating agreements, but obviously they don't want to invoke those or they would have done so a year ago."
Correct. MLS as the parent company has never done that. The threat of ultimately going that route is what finally got Dell Loy Hansen to sell RSL, but they didn't force a sale there. And Hank Paulson has been called a "model owner" by Don Garber, so I wouldn't hold my breath for it happening in Portland.
(I just bring that up as context, I don't disagree with anything you wrote)
I'm not holding my breath that MP will sell the team. I'm just finding other things to do with my time than root.