Bud Adams Has Passed

[Warren]

The family shouldn't have to sell the team because reportedly Bud set money aside to cover the substantial inheritance taxes. Bud had two daughters and a son. The son died years ago but he had a son who Bud had been grooming by having him work in various aspects of the team operations. The grandson is currently an administrative assistant in the front office and is only around 26 years old, so it would be a pretty big jump to being the big boss. The daughters and their families supposedly aren't interested in running the team, although one of his sons-in-law did work for the Oilers when they were in Houston.

I believe they are locked into their Nashville lease for some time.

[painekiller]

Originally Posted by Warren

although one of his sons-in-law did work for the Oilers when they were in Houston.

IIRC, That son in law died in an auto accident years ago, he was the only family member that had shown an interest in the team. I don't see the family holding on to the team for the 26 year old grandson to play with.

I would think they sell the team.

[Warren]

According to The Tennessean, Tommy Smith, Bud’s son-in-law, is the team’s new president and CEO (it must’ve been someone else who died in an auto accident, because he's the one who previously worked for the Oilers). Bud’s two daughters and the family of his deceased son each own a third of the team. His daughters will serve as co-chairwomen of the board of directors and the grandson mentioned above (Kenneth Adams IV) will also be on the board. Under NFL rules they will need to eventually select a single controlling owner.