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All: The new Billszone site with the updated software is scheduled to be turned on Tuesday, May 21, 2024. The company that built it, Dynascale, estimates a FOUR HOUR shut down, from 8pm Pacific, (5pm Eastern) while they get it up and running. Nobody will be able to post in any forum until they are done. Afterwards, you may need to do a web search for the site, as old links will not work, because the site is getting a new IP address. Please be patient. If there are bugs, we will tackle them one at a time. Remember the goal is to be up and running with no glitches by camp. Doing this now assures us of that, because it gives us all summer to get our ducks in a row. Thank you!
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Thank you for all the patience and support with this - hopefully this will greatly reduce the crashes and other site issues we have had lately.
Please use this thread to report any issues you come across
http://www.billszone.com/fanzone/forum/feedback-forums/billszone-q-a/6521455-upgrade-report-bugs-here
Will The Bills Have A New Owner Before The Season Starts?
This Clippers thing worries the hell out of me. The damned fool who just paid $2 BIL just set the market at a way higher price for all franchises. Something smells very fishy about the whole situation.
could be argued that he did it to stop a prolonged battle with the sterlings. give them a price that gives the NBA what they want and the Sterlings what they want.
it's also rumored that because its a forced sale, sterling doesn't have to pay capital gains tax. which is a huge incentive to sell since he bought the team for like $30MM back in the day.
Even if the beneficiary(Mary Wilson) is one of the trustees?
I wouldn't think so. She is one voice among the others. The trustees were appointed to act in the best fiduciary interest of the beneficiaries. Assumably, that was why RWS established the trust.
I wouldn't think so. She is one voice among the others. The trustees were appointed to act in the best fiduciary interest of the beneficiaries. Assumably, that was why RWS established the trust.
As Controlling owner I would think Mary Wilson has final say.
Elaborate...AFAIK, a trust removes individual ownership, handing the business to the decisions of the trustees, and their majority vote in this case, guided by the trust document language put into ink by the entity that established it. No?
Elaborate...AFAIK, a trust removes individual ownership, handing the business to the decisions of the trustees, and their majority vote in this case, guided by the trust document language put into ink by the entity that established it. No?
I just bumped the thread about Mary Wilson being made controlling owner.
Re: Will The Bills Have A New Owner Before The Season Starts?
I think you guys are reading too much into this. The NFL by-laws require that each team name an individual principal owner (aka controlling owner). Why? Each team gets to vote on league matters. A trust cannot individually vote. The spouse of the deceased owner just makes sense. Having said that, I am not suggesting that Mary Wilson will vote on any leage matters. She has the right to assign her vote to another team executive. That's how Brandon and Littman voted at different points when Ralph was ill. Brandon most often. I assume this will continue. The entire thing is nothing more than a formality, really. It won't have any effect on the sale.
As for the sale - yes, the trust has a fiduciary duty. That does not necessarily mean to the highest bidder. It means "in the best interest of the trust." That could be sliced and diced all ways. Highest bidder is typically a safe way to go. The keys are whether there are any special circumstances drawn up in the trust docs and/or any specific instructions in Ralph's last will and testament. These, if they exist, will help legally determine what is in the best interest of the trust. As far I know, none of this has been made public. Of course, if you hear anything please let us know!
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