Brown Family Purchasing Remaining Stake Into The Cincinnati Bengals

Alright, so it's not quite what you were hoping for.

According to Forbes.com, the Brown family will soon purchase the remaining stake in the Cincinnati Bengals that they currently do not own. Austin Knowlton is one of the founders of the Cincinnati Bengals and through his estate, owns 30% of the team. Knowlton died in 2003 and the Cincinnati Bengals are readying a deal that will purchase the remaining 30% share of the Bengals for $200 million.

From Forbes:

Minority stakes of this size typically sell at 15% discounts because limited partners have little to say about how the team is run. Assuming that 15% discount, and the team’s $100 million of debt, gives deal gives the Bengals an enterprise value of around $870 million. We valued the Bengals, which are run by team president Mike Brown, at $875 million recently, 25th out of the league’s 32 teams.

In terms of changes within the front office, don't expect much change to happen -- and thus depress every god-loving Bengals fan in the world.

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