Titans CEO Tommy Smith says team is not for sale

0:55 | NFL
Tennessee Titans CEO not selling team
Tuesday January 20th, 2015

Tennessee Titans president and CEO Tommy Smith says the team is not for sale despite recent rumors.

Smith has said that there have been potential buyers in the past, but he has rejected their offers. Last year, Forbes Magazine listed the team's value at $1.8 billion.

"The team is not for sale. We are not entertaining any conversations in regard to the sale of the team. Period," Smith said to The Tennessean. "Any statements that say so are completely off base, and I resent it. It is not helpful to what we are trying to accomplish as an organization and as a family."

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Smith was responding to rumors about his team, including that Denver Broncos quarterback Peyton Manning was potentially interested in buying a piece of the franchise. He called that rumor "nonsense" but said he had the highest regard for the Manning family and wished them the "best in their future pursuits, but it's not with me."

CBSSports.com’s Jason La Canfora reported this week that he continued "to hear rumblings of potential Titans sale in '15."

"All that is totally irresponsible," Smith said. "All of that is completely off-base and unfounded.”

Tennessee finished the 2014 season at 2-14 and has missed the playoffs in each of the last six seasons.

- Scooby Axson

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