Bill Brasky
12-15-2006, 10:58 AM
The last great vision of late owner Lamar Hunt may be the fact that there will be no fight over his beloved Kansas City Chiefs.
Hunt, one of the last founding owners of the AFL, passed away Wednesday night after a lengthy battle with prostate cancer. He had been in a Dallas hospital since Thanksgiving.
Long before Hunt faced death, he began considering what to do when it happened. Hunt progressively turned over control of his team to a trust that would then hand control of the team to his family. The plan was so well-conceived that six years ago, Hunt and his attorneys did a presentation to other NFL owners about how to do it.
In short, at a time when many teams have had to be sold or when families have argued publicly about control of the teams, Hunt made sure his team would have stability. That type of stability is of growing concern to the NFL as franchise values climb and many longtime owners deal with inheritance issues.
http://sports.yahoo.com/nfl/news;_ylt=Aq0_aWT8zESrN609HKIgEnQ5nYcB?slug=jc-hunt121406&prov=yhoo&type=lgns
Hunt, one of the last founding owners of the AFL, passed away Wednesday night after a lengthy battle with prostate cancer. He had been in a Dallas hospital since Thanksgiving.
Long before Hunt faced death, he began considering what to do when it happened. Hunt progressively turned over control of his team to a trust that would then hand control of the team to his family. The plan was so well-conceived that six years ago, Hunt and his attorneys did a presentation to other NFL owners about how to do it.
In short, at a time when many teams have had to be sold or when families have argued publicly about control of the teams, Hunt made sure his team would have stability. That type of stability is of growing concern to the NFL as franchise values climb and many longtime owners deal with inheritance issues.
http://sports.yahoo.com/nfl/news;_ylt=Aq0_aWT8zESrN609HKIgEnQ5nYcB?slug=jc-hunt121406&prov=yhoo&type=lgns