View Full Version : Football Economy keeping King Carl out of Miami

01-06-2009, 02:40 PM
From NFL.com

Economy keeping Parcells in Miami
Posted: January 6th, 2009 | Adam Schefter | Tags: Bill Parcells, Carl Peterson, Stephen M. Ross, Wayne Huizenga
Dolphins owner Wayne Huizenga delivered the news last weekend that Miamiís executive vice president-football operations Bill Parcells will return to Miami next season.
But as is often the case, thereís a story behind the story.
One of the main reasons, if not the main reason, that Parcells will return next season is because Miamiís other owner, Stephen M. Ross, has had problems financing the money he needs to purchase the majority interest of the Dolphins, according to multiple sources.
Everyone around the league thought the deal would be done by now, but itís not. Everyone keeps saying the sale from Huizenga to Ross is imminent, but itís not, at least not according to the sources. The economy has affected everyone, including Ross. A man valued at a reported $3 billion cannot get financing for the approximate $500 million he needs to purchase the majority interest of the Dolphins.
If thatís not an advertisement of how tough these economic times are, nothing is.
Keep in mind, Parcells cannot opt out of his contract unless Ross becomes the majority owner. And Ross cannot become the majority owner without proper financing. Thus, Huizenga spoke for Parcells ó something few rarely do Ė when he announced that he will be back with the Dolphins next season. And the longer it takes Ross to get that financing, the more the chances are enhanced that Parcells will stick around Miami.
But this is not the way that anyone in Miamiís hierarchy expected the situation to evolve, Ross and Huizenga most of all.
Had Ross been able to purchase the majority interest of the Dolphins, then Parcells could have opted out of his contract, and very well might have. But banks essentially, and indirectly, blocked Parcells opt-out clause.
Had Ross purchased the majority interest of the Dolphins, then it is possible he would have added former Chiefs president Carl Peterson, who attended Sundayís game as Rossí guest. But Peterson remains deactivated due to the financial times in which we now live.
Basically, the economy has tackled Ross, Huizenga, Parcells and Peterson, all in one shot.

Mr. Flopnuts
01-06-2009, 02:57 PM
The true fans will pay Carl's salary.

01-06-2009, 02:59 PM
I don't feel sorry for carl

01-06-2009, 03:03 PM
So...when the credit crunch ends...sale is finalized, Parcells exercises his option and leaves, and Carl Peterson rolls into town. Enough for Dolphin fans to hope for a prolonged recession.

01-06-2009, 03:07 PM
Wow, this proves there are billionaire retards out there.

01-06-2009, 03:29 PM
The true fans will pay Carl's salary.


01-06-2009, 03:29 PM
not a billionaire retard, just another would be owner more concerned with the bottom line than a championship

01-06-2009, 03:31 PM
It's only fitting that the guy that bilked millions out of so many Chiefs fans has to suffer due to the economy. Suck it Carl.