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55 nothing person word of the day it is the first of March

2023 and our word is 55 Danny boy is added again the owner of the Washington

commanders is being implicated I don't want to say implicated let me start that again

here we go 4869 55 we've got a story for you ESPN through a writer named

Don Van Nattah introduced a story yesterday about Daniel Snyder and his

partners and some of the issues he's having with his current partners ex partners

and the NFL all of which are going to lead to the end of Daniel Snyder owning

the commanders not because they're for sale not because he does or does not want

a South Jeff Bezos not because he has sealed bids around 6.3 billion let's talk

about what is being alleged and what it means when you buy a team it is very rare

that one person buys 100% of the team in Steve Balmers case when he bought the

Clippers from from Donald Sterling he bought a 100% of the Clippers wrote a check

for 2.4 2.2 billion dollars and that was the end but the majority of times

that someone goes in and buys a team you are buying shares of that team a team is

made up of limited partners and those limited partners choose a general

partner or a controlling owner so let's say you have a group of 10 people and

they get together and they're going to buy a team for a billion dollars they

don't all put in a hundred million dollars therefore owning 10% of the team

different people put in different amounts of money and own different

percentages of the team leagues have rules about the amount of money and the

amount of shares that the controlling owner has to own so in the NBA for

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