Friday, September 26, 2008

TN Titans worth almost a Billion big ones

Yes, dear Metro taxpayers, you are subsidizing Kenneth (Bud) Adams, Jr. while he owns a football team worth $994 million. And that is up from $369 million when LP field opened.

Soooooo.....while taxpayers have been subsidizing the Titans, the value to the owners has increased almost threefold from $369 million to almost $1 billion. According to Forbes, Bud Adams paid $25,000 for the team in 1959.