NASHVILLE, Tenn. -- Susie Adams Smith is looking to sell her third of KSA Industries. If she does, the Tennesse Titans, founded as the Houston Oilers in 1960, will not be fully owned by Bud Adams or his family for the first time.
But as Strunk emphasized in her statement, the sold piece will be a "fractional indirect" one.
Twenty-four NFL owners have to approve of any new owner (of even one percent) of a franchise or the company that owns a franchise.
A third of KSA Industies could be worth around $1.116 billion. And for NFL owners to approve the purchase, they are going to want what they view as ownership compliance issues for the team straightened out.
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