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Wednesday, 27 October 2010 14:41

What Football Might Learn from Baseball

It appears that the Buffalo Bills are teetering on the edge of catastrophe. A recent article in The Street points out that Ralph C. Wilson, Jr. (owner of the Bills) is now 91 years old and without a succession plan. What is he thinking?

At the moment, this question is bubbling to the surface because of renewed speculation about moving the team across the border. Wilson vows to keep the team in Buffalo as long as he owns it. “Such speculation could be easily confirmed or denied if the 91-year-old Wilson -- the NFL's oldest owner, who has no intention to move the team during his tenure -- laid out a succession plan. Instead, the Bills join the more than half of North American public and private companies who cannot immediately name a successor to their chief executive, says the writer, Jason Notte.”

In addition to the matter of moving the team, there are serious financial ramifications of the absence of a succession plan. The team has been on a losing streak, but internal issues are compounding the external questions and negatively affecting the value of the team by 12% already this year.  Read the whole article here.

When we see stories like this, we must ask why football has not learned from baseball. After seeing such a smooth and orderly transition in ownership when George Steinbrenner recently passed away, one can only wonder what Wilson is thinking, because it does not appear to be about the team and its future.

If you need help with succession planning, call us (732-397-8489), This e-mail address is being protected from spambots. You need JavaScript enabled to view it us or leave a message at our web site.

David Wolfskehl

David Wolfskehl

David Wolfskehl is President and CEO of The Practice Building Team, a member of the DGW & Associates Family of Companies. The Practice Building Team helps professional services firms accelerate their growth. To learn more, please visit our web site at http://www.tpbteam.com.

David has been an entrepreneur and a guide for entrepreneurs throughout his adult life. After successfully selling his business in October of 2005,

David began offering workshops on unlocking the power of your employees. He also started Networking4connections, a consulting firm focused on teaching professionals how to win opportunities to promote their business to A clients.

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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