White Sox Interactive Forums
Sox Clubhouse
 Soxogram: 
Congratulations on the Rookie records for HR and RBI in April, Jose!

Welcome
Go Back   White Sox Interactive Forums > Baseball Discussions > Sox Clubhouse
Home Chat Stats Register Blogs FAQ Calendar Mark Forums Read


 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #14  
Old 05-22-2013, 02:07 PM
LITTLE NELL LITTLE NELL is offline
WSI High Priest
 
Join Date: Jan 2006
Location: Sebring Florida
Posts: 7,889
Default

Quote:
Originally Posted by Lip Man 1 View Post
Slavko:

Again I've been told by sources that it's in his deal as the day to day person who runs the team, he can not be removed unless it is for doing things like illegal activities, demonstrating that he is no longer mentally sound, standard things like that.

Basically he can not be ousted unless he demonstrates that he is doing something specifically outlined in his deal.

Take it for whatever that's worth.

I can't speak from a legal standpoint but to me, if you own say 22% out of 100 and the next highest person only owns say 15% that by definition makes you 'majority owner' based on the fact that you own the most of the club.

I agree that may not mean he can do anything he wants however it has been shown and again it's in his deal, that he runs the day to day operations and he does not have to consult with the other owners or the board when doing so. (That doesn't mean that he doesn't at least allow them the courtesy of making his intentions known to them ahead of time and I suspect he probably does do this...)

Lip
Lip, a majority is 50% plus one. When you have more votes than someone else but not 50%, that is a plurality.
That being said I have no idea how the Sox do things as far as ownership is concerned, for instance when JR wants a big time free agent and it's over budget does he need the other owners approval?

A thought just came to mind, when Veeck bought the Sox the first time in 1959, he bought it from Dorothy Rigney who had 51% of the stock and Chuck Comiskey with his 49 percent was just an onlooker.

Last edited by LITTLE NELL; 05-22-2013 at 02:19 PM.
Reply With Quote
 


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



Forum Jump




All times are GMT -5. The time now is 12:34 AM.




Design by: Michelle

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Site-specific editorial/photos Copyright ©2001 - 2008 White Sox Interactive. All rights reserved.