Haslams Sell Pilot to Warren Buffet

Discussion in 'The Thunderdome' started by Tenacious D, Oct 3, 2017.

  1. Tenacious D

    Tenacious D The law is of supreme importance, or no importance

    The potential ramifications of this seem to be both huge and wide.



    The witch may be dead at last.

    Link: https://amp.knoxnews.com/amp/726050001
     
  2. RockyHill

    RockyHill Loves Auburn more than Tennessee.

  3. Daddy Gee

    Daddy Gee Chieftain

    Consolidating funds for Gruden
     
  4. NorrisAlan

    NorrisAlan Put Custom Title Here

    [​IMG]
     
  5. peelwonder

    peelwonder Member

    But they are still 50.1 which I'm pretty sure means they are majority stakeholder. Really just essentially from a corporate governance standpoint still means they hold all power.
     
  6. justingroves

    justingroves supermod

    For now, it's transitioning to 20% ownership

    By 2023, the Omaha-based holding company, headed by celebrity CEO Warren Buffett, will become Pilot's majority shareholder, with the Haslam family keeping 20 percent ownership.
     
  7. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    Guessing the third generation didn't want to run it.

    Buffet now owns two of the largest non-government businesses in Knox Co. area.

    And funds a Senate run.
     
  8. Tenacious D

    Tenacious D The law is of supreme importance, or no importance

    I wonder if Buffet owning Clayton has anything you do with their relatively small stake in UT Athletic Donations?
     
  9. InVolNerable

    InVolNerable Fark Master Flex

    So next coaching search, after we fire PJ Fleck for going 29-33 in 5 years, they wont have as much of a say.
     
  10. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    I'd guess so.

    Plus Jim Clayton didn't give away crap until he got old and realized his legacy would be that of a meiser.
     
  11. Tenacious D

    Tenacious D The law is of supreme importance, or no importance

    I will fight you.
     
  12. NorrisAlan

    NorrisAlan Put Custom Title Here

    Only after I have had a round or two with him.
     
  13. justingroves

    justingroves supermod

    First Bank just bought up a bunch of Clayton banks. I'm remodeling one on Summit Avenue now
     
  14. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    Yup. He's done all right for himself, no doubt, just what his legacy was veering towards.

    That he came from Henderson, TN and Jim Ayers came from Parsons is quite funny to me.
     
  15. NorrisAlan

    NorrisAlan Put Custom Title Here

    How are these deals usually done? Is it straight cash, homie, or some kind of stock swap?
     
  16. IP

    IP Advanced Pruitt Apologetics Bot

    Don't be disgusting.
     
  17. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    Probably a mixture of both.
     
  18. justingroves

    justingroves supermod

    Jim Ayers is funny guy. He's got a sign in his office that says "Don't laugh at the guy in overalls, he may be your boss"
     
  19. NorrisAlan

    NorrisAlan Put Custom Title Here

    I am always fascinated by these guys that start from nothing and end up building a billion dollar business. it obviously isn't just hard work, but smarts, a great idea and most importantly, the right place at the right time. In other words, a lot of good fortune.
     
  20. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    100% truth.
     

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