ONE LAST CLARIFICATION-Again, once the owners vote to revoke - TopicsExpress



          

ONE LAST CLARIFICATION-Again, once the owners vote to revoke franchise with 75% of the owners concurring,the franchise IMMEDIATELY is under the control of the COMMISSIONER. It does not return to Sterling family control.Silver decides to whom and when the franchise is sold. New group takes control and the purchase price goes to Sterling. When Sterling bought team and when By-Laws of League enacted,he and other owners agreed that in this situation Commissioners action on behalf of owners is FINAL.Owners WAIVED RIGHT TO LEGAL CHALLENGE OR ARBITRATION.No Ct will hear Sterling claims for obvious reasons.
Posted on: Wed, 30 Apr 2014 08:21:05 +0000

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