Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.

The NFL may have some concerns as the Detroit Lions say they have an ownership succession plan but don’t actually reveal the details.

As with other professional sports it is important for the NFL to know that the ownership of a team is financially stable and sometimes teams can cause some concerns.

The current ownership situation of the Tennessee Titans is causing some concern for the NFL because the lack of succession planning has left the team under the ownership of the multiple heirs of the team’s founder. There is concern that the team might have to be sold.

The Titans are not the only franchise the league is concerned about. The Detroit Lions might also be problematic.

It had long been assumed that when owner William Clay Ford Sr. passed away, control of the team would pass to his son. However, his wife assumed control of the team instead. As she is 90 years old, some people are worried about who will follow her and assume control of the team.

The Lions say there is a succession plan in place, but they are not telling anyone what that plan is.

NBC Sports reported this story in “Lions say Ford family has a succession plan in place.”

Most experts believe that for a succession plan to succeed it is important to make it known to heirs and key employees before the current owner passes away.

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