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.

SB Nation Featured Video
X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Cincy Jungle

You must be a member of Cincy Jungle to participate.

We have our own Community Guidelines at Cincy Jungle. You should read them.

Join Cincy Jungle

You must be a member of Cincy Jungle to participate.

We have our own Community Guidelines at Cincy Jungle. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9341_tracker