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Roger Goodell, Titans working to clarify team’s ownership setup

NFL commissioner Roger Goodell is working with the Tennessee Titans to clarify the team’s ownership setup.
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NFL commissioner Roger Goodell is working with the Tennessee Titans to clarify the team’s ownership structure, Jim Wyatt of The Tennessean reports.

Titans owner Bud Adams died in October 2013. His daughters, Susie Adams Smith and Amy Adams Strunk, now each have 33% ownership of the team. The remaining 33% is divided equally between his three grandchildren.

Adams’ son-in-law Tommy Smith became the team’s president and CEO, but he retired last week. Amy Adams Strunk has been representing the team for league matters, including this week’s owners meetings, but she still needs to be approved as the controlling owner by the league.

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Goodell said the league has been working closely with the family.

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“This is something we have been working on since Mr. Adams passed away,” Goodell said on Wednesday from the owners meetings. “We want to ensure that the team is under the proper ownership structure, as well as making sure it is being represented properly not only in Nashville and the Tennessee market, but also at the league level.”

Wyatt reports that interim president and CEO Steve Underwood said the family has no plans to sell the team.

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