Originally Posted by
R8RBOB
Actually, Cincy you are incorrect. The rule states you cannot own different franchises in different markets. For example, Ilitch who owns the Wings and Tigers could not acquire let's say the Buffalo Bills unless he relinquish the two teams but because both of his franchises reside in Detroit, he could acquire the Detroit Lions.
This scenario was played out earlier this year when the owner of the Denver Nuggets and the Colorado Avalanche could not acquire the majority share of the St. Louis Rams. Though he owns 40% of the Rams, he could not be majority owner because his two other franchises are in Denver not St. Louis.