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Originally Posted by Erin Rapacki
For instance, there were many flaws with this idea of an 'NFL Owner Buying FIRST off of Dean.' FIRST is a non-profit organization founded by Dean, it's its own organization... not a company. Therefore, FIRST is not owned by anybody... it is only managed. If a organization isn't owned, how could it be bought?
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Warning: Business student mode!
What I would assume is that the "owner of FIRST" would be whomever owns all of the physical capital. Basically, this is the building, the FIRST trademark, the employee's salaries, all of the physical aspects. So, "Buying FIRST" would entail buying all of that, at whatever price Dean felt to be accurate.
There is a difference between the owner of FIRST and the manager of FIRST, Erin is right. Dean may one day pass FIRST off to another manager, but still own the capital.
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