I'll pass, but I send positive vibes their way to find someone else to step in. I wouldn't get into owning a team, unless I had major influence in the league it was in (and also the funds to run it correctly).
"Minor league pro football is a weird universe filled with bounced checks, unpaid bills, empty promises, out-right lies, empty arenas, endless women, endless booze, occasionally drugs, endless trips on rented buses to towns on the outskirts of the Big Time and, for one night a week, a football game." -- Bill Shea
Post by Bouncer_Texxx on Mar 5, 2013 9:36:00 GMT -5
I talked to someone who knows some of the parties involved in the CR teams and he said if Chris Kokalis is involved it'll be a mess inside of two years...
TAILGATE HERE "You see... I have a policy about honesty and ass-kicking; if you ask for it, I have to let you have it." - Taylor Mali "I mean, after several years, it’s clear that reasonable, mature discourse accomplishes little on this site. Maybe we’d be better off solving our differences of opinion with flying folding chairs and Half-Nelsons." - G.J. McCarthy
Craigslist ad doesn’t affect Titans’ future in C.R.
Post advertising ownership share no longer on site
Entrepreneurs looking to get into the minor league sports business had their opportunity on Craigslist Monday morning. Among the apartments, used cars and personal ads, the business/commercial section displayed an ad for ownership shares with the Cedar Rapids Titans.
Mike Polaski, a minority owner of the Indoor Football League team, posted an ad on the classifieds web site claiming, “A downturn in my ‘core’ business (restaurant owner) has forced me to liquidate my 20% ownership in The Cedar Rapids Titans…”
“I think the way that maybe he went about it, we all wished was a little better,” Titans owner and general manager Chris Kokalis said. “But it’s his share. It’s like you having ownership in Best Buy or Kohls and you wanting to unload your shares. He just used Craig’s List as a way to seek interest.”
The ad – which was taken down – may have been a little embarrassing for the organization, but it doesn’t take away from what Kokalis calls a thriving product.
“The majority ownership of the team is still intact. (There are) no plans or intentions of selling the team, we’re moving forward, we’re growing, we’re continuing to build,” Kokalis said. “Obviously the team is doing well on the field and is doing perfect off the field. I think people are reading a bit too much into it.”
The Titans are 3-0 and filled the Cedar Rapids Ice Arena to near capacity in both its home games this season. They are expecting another large crowd Friday.
For a sale to be complete, Polaski, who owns Jo’s Roadhouse in Solon, has to bring potential buyers to the Titans’ board of owners, which consists of four members. All four would have to agree on the buyer and the details. The craiglist ad set the price at $80,000.
Once the group crosses that hurdle the IFL then needs to approve the purchase.
“It’s not like anyone off the street can buy into the football team there’s a process that needs to be followed,” Kokalis said. “…We’re obviously looking for credible individuals, you know, people who have the financial wherewithal and just to make sure it’s the right fit. This isn’t the right fit for everybody.”
Kokalis stressed how much of a fit Cedar Rapids is for the team numerous times in his eight minute phone interview with The Gazette. The fact that a portion of the Titans is for sale doesn’t affect the future location of the team.
“This is someone who has very minority ownership interest in the team,”Kokalis said. “We’ve got people thinking that the team is being sold, which is not the case at all.”
Administrator: #LFL-US Pacific Cup: Seattle Mist 27, Los Angeles Temptation 25 (FINAL) #IndoorScores
Dec 7, 2013 2:03:30 GMT -5
Banana Cat: This board was revised and updated on 7 December in preparation for the 2014 season. If you have any suggestions, let me know.
Dec 7, 2013 6:38:21 GMT -5
Banana Cat: LFL-AU kicks off inaugural season; New South Wales Surge 44, Queensland Brigade 6 (FINAL)
Dec 7, 2013 7:47:46 GMT -5
Banana Cat: LFL-AU: Victoria Maidens 32, Western Australia Angels 26 (FINAL)
Dec 14, 2013 21:58:09 GMT -5
Banana Cat: Seattle Seahawks vs Denver Broncos for the Super Bowl. Who will win?
Jan 22, 2014 22:00:38 GMT -5
CF4L: Grand Island is up 13-0 early on over Lincoln
Feb 10, 2014 20:24:08 GMT -5
CF4L: 19-0 GI after a quarter.
Feb 10, 2014 20:38:55 GMT -5
Banana Cat: Did you go to the game CF4L?
Feb 17, 2014 11:34:51 GMT -5
danger10: Watching first night of IFL Regular season lets go Danger!
Feb 21, 2014 21:21:56 GMT -5
BNDC: Football bandits.
Mar 2, 2014 17:26:50 GMT -5
dubyaessoh: Sure is quiet in here this year!
Mar 14, 2014 19:15:50 GMT -5
halaroo: Does anyone know where I can watch away games for the AIF online?
Mar 22, 2014 9:53:41 GMT -5
Doom: this shoutbox at the bottom noone really sees it is prolly why its always quiet
Apr 12, 2014 19:11:41 GMT -5
Banana Cat: Everyone's on the facebook group now too, which makes it even more quiet. This shoutbox was quiet when it was at the top this past year, so maybe I should just shut it down.
Apr 14, 2014 20:55:38 GMT -5
Bring Back CFL to KC: so what are the guess about chances for indoor football back in kc
Sept 8, 2014 20:19:30 GMT -5