08-22-2024, 08:32 AM
(08-21-2024, 06:17 PM)2MinutesHate Wrote: I would think they make big decisions as a group, but if Mike is dead set against something, there is nothing or no one that can stop him as the majority owner of the business. I'm in the same position as Katie as I have for years run all the day-to-day operations of our company, but if my father (78 years old), who is 51% Owner, does not agree to something (like buy a new building), I will need to persuade him to see things my way.
Not consulting a majority owner on major decisions is a really easy way to upset the apple-cart, especially with aging owners. It's a balancing act for sure as you don't want to dismiss them due to their age, while also trying to keep the business solvent. Using them in an consultant role can be good way to get what you want and not alienate them.
Furthermore, You cannot act unilaterally as the business does not belong to you and could also be fired immediately. Minority owners can also be forced out, but it's a bit more tricky.
I'm not sure if Katie even owns 1% of the team as I would think that would have been documented by now. It could possibly be in a trust for when Mike passes. My guess is that she's a salaried employee.
I know we all wish Mike Brown was gone (especially us older fans), but I still see him with my own eyes and until he passes the team on to family or dies, I will never count him out.
I've been a fan of this team since it's inception. I understand the frustration of fans when it comes to MB< I just don't share the disdain for him. In fact, I kind of like him. He gets railed for being "cheap" but that's how he stays rich. He constantly votes in favor of what is good for the Bengals and not good for the league, often times being the only opposing vote in owner's meetings. But mostly, he is true to Cincinnati and would never move the team to a more profitable city. I can't think of another owner who would not have packed their bags and taken the team elsewhere in the 90's when the stadium was 3/4s empty for every game. Sure, he was putting a crappy product on the field, but so were a lot of other owners. When they couldn't sell tickets, they sold and moved the team. MB did not, and he deserves some thanks for that.