Quote:
Originally Posted by RabidRed
I kind of wonder if Schultz wants to get into litigation with OKC over this. OKC could have this tied up in court long after ownership was determined by the court in Seattle. If you were a prospective buyer in Seattle, would you want to buy them under these conditions?
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That's my point. Even if Schultz feels an OKC lawsuit is not going to have a chance of winning, just the threat of a lawsuit with an uncertain end might be enough to put off a prospective buyer. Then, if they can't get the legislature to do anything, it would be even more offputting. So, we could end up with a team in limbo.....no owner but the trust. What if the legal case goes past the 2010 date when the lease with Seattle expires? Who signs a lease with the team if the lease is up in Seattle but there's no owner? Schultz wouldn't have the authority to do so, and how could a trust sign a binding lease? For what length of time would the lease run? Who would negotiate the lease? There are so many questions it's ridiculous. Again, I think Schultz would have had a much stronger case if he just asked for the team back, and forgot about the trust. This could become a convoluted mess. I'm sure he doesn't want it back, however, because if he couldn't find a buyer, he'd be back at square one.