re: New Orleans Saints could move Andrus Peat to left guard

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It requires withdrawing the shares from the trusts to give Gayle sole ownership. So the two are intricately connected.

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Gale would not have sole ownership of the team

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. If you think keeping the beneficiaries of the trusts happy did not influence the decisions, then you are clueless to how fiduciaries behave.

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Like when he suspended and eventually removed the beneficiary from the organization and allowed clauses in contracts (Payton, Loomis) that would void their contract if Rita took control of the team?

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wasn't writing a legal brief in any of my posts. I was trying to convey concepts so that readers without experience in these matters could learn about competing influences on Saints management

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Yet you've contradicted yourself with competing ideas.

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First there were more than one trust, so I have to question the depth of your knowledge regarding these matters.

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Continue to reach

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You'll have to forgive me for any shortcomings that might call into question the obvious genius of Sean Payton and the rest of the Saints management.

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Explain Payton's contract and the Saints high cap spending with your theory.

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The purpose of creating the trusts was to freeze the value of the 60% interest in the Saints for estate tax purposes

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Reread what you quoted. That was exactly my point.

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And no, they very, very likely wouldn't be paying taxes on the increase in value. That's the whole point in establishing the trust.

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Which contradicts your post:

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Increasing the value of the franchise while Tom Benson is alive could have detrimental impact on his estate from a tax perspective. The greater the value, the more cash they have to come up with to pay the taxes.

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So why would increasing the value of the franchise have a detrimental impact on those shares in the trusts?

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Winning the Super Bowl may result in a temporary spike in the value of the franchise with a subsequent decline as the value of the franchise regresses to the mean. Would you like to defend yourself as the fiduciary for not selling when the franchise was at a maximum value?

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This shows an incredible lack of understanding about the NFL as a whole. Franchises have been experiencing tremendous growth and the Saints are valued as high as they've ever been.

So why hasn't he sold now?

It would be incredibly easy to defend. I linked your theory and got this response:

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I doubt that Benson was the trustee. A spirts franchise is viewed differently than a running a regular business or a marketable security with the main objective being growth or income or a combination of those two. A successful pro sports teams can grow exponentially, but part of the fruits of ownership is the thrill of victories. Done trust documents specifically spell out if assets Equal value can be substituted.

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For your supposed expertise on this issue, why do you keep calling Benson's wife Gale. Her name is Gayle. And if you bothered to read the article I linked above you might have noticed this.

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Ever heard of a fallacy? Continue to focus on meaningless crap though while ignoring what is too difficult for you to respond to.

Since you're so curious, my grandma is named Gale, and I'm typing on a phone from a different country with limited internet access.

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In January, Benson announced he was leaving full ownership of the teams to his third wife, Gayle, rather than to Renee, Rita and Ryan
Two obvious bits of information readily available that you are ignorant about does not help your argument.

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She will not have full ownership of the team upon his death. She will have all the voting shares. Rita had shares outside of the trusts before this went on. She's a partial owner.

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I'm not going to bother explaining tax concepts to someone who is willfully ignorant. I have made a comfortable living providing tax advisory and compliance services to thousands of taxpayers. I have been involved in numerous examinations and a few cases of litigation for trust and estates.

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I'm sorry you contradicted yourself and looked foolish, then repeated exactly what was said in my post after I called you out on it.

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So the Saints are worth more now than after winning the Super Bowl. That proves my point that winning the Super Bowl is not necessary to maximize the value of the franchise.

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No, it doesn't prove that point at all actually. It just proves that NFL teams make money and increase in value even if they don't win.

Growth =/ maximizing value. It isn't a hard concept. Also, that wasn't your argument. You said that winning a Super Bowl would result in a decline after, which isn't true. Try to be consistent.

I see you ignored where I quoted one of the top trust executives in the country with over 40 years of experience in my post. He does agree that the front office is incompetent though.

I don't know how many times I have to ask this:

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Explain Payton's contract and the Saints high cap spending with your theory.

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He's tied for the highest, or one of the highest (depending on BB) paid coaches in the NFL. Pretty huge investment for not wanting to win. Derp

Tin foil hatter thinks the Saints are intentionally sucking for cash flow reasons while having the highest paid coach in the NFL.

But you're right, I'm done with this. He's an idiot.