"The way that he could sell the Caps was to make this agreement that upon his death, Ted would have...

"The way that he could sell the Caps was to make this agreement that upon his death, Ted would have certain rights," Robert Pollin said. "Our side, in my opinion, is certainly honoring Ted's rights in spirit and to the letter. I don't think of it as the team is for sale. We are certainly fulfilling everything that my father and Ted and his partners agreed to. And where it ends up, you never know in a negotiation until a negotiation is over."

Robert Pollin on the impending sale to Ted Leonsis. I'm having trouble figuring out if this means anything - he might just be saying it's not a classic sale because Abe and Ted agreed on the parameters of the negotiations already - but it's definitely the kind of quote that takes you a few minutes to figure out.

about 2 years ago Mike Prada 9 comments 0 recs |

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Maybe he means it's just being transferred in accordance with his father's wishes.

In that case, the quote makes some semblance of sense.

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by Kyle Weidie on Apr 19, 2010 9:56 AM EDT reply actions

I think that's what he means

But it’s an odd way to say it.

You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.

by Mike Prada on Apr 19, 2010 9:56 AM EDT up reply actions

He's an economics professor

That’s as close to English as you can hope for.

by disgrunted on Apr 19, 2010 10:10 AM EDT up reply actions

Ha! .... exactly.

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by Kyle Weidie on Apr 19, 2010 12:12 PM EDT up reply actions

But of course, it wouldn't exactly explain ...

There perception of “difficulties” along the way, i.e., the Peter Biche memo, and what, even after agreeing upon a price, the delay continues.

Sure, it’s understandable that these things take time, but there are still too many curiosities, such as Mrs. Pollin promising a better season next year …. which seems odd since she will not be owning the team.

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by Kyle Weidie on Apr 19, 2010 12:14 PM EDT up reply actions

I also thought her speech was odd in that regard

by disgrunted on Apr 19, 2010 12:37 PM EDT up reply actions

I believe it means

that the family isn’t itching to sell. They have a commitment to offer the team to Leonsis at a price that will be determined by a pre-arranged method. They will honor that commitment “in spirit and to the letter”. Should Leonsis not want to buy the team at that price they may not offer it to him at a lower price and they may not offer it to anybody else.

Perhaps it’s a negotiating tactic and perhaps the family wants to keep the team.

by MR on Apr 19, 2010 10:43 AM EDT reply actions

none

There is no one in the family who wants to run it. They will sell their interest to Lincoln Holdings per Ted and Abe’s agreement. Its not done yet, so he won’t speak like it is. Nothing else to see here.

by Jheiser3 on Apr 19, 2010 11:23 AM EDT up reply actions