10
He was head coach from 1968 to 1975. In 1967, Mike Brown became
secretary and James R. Williams became treasurer.
On April 28, 1970, the Bengals' shareholders extended the
1967 voting trust to April 27, 1980. In 1973, each Bengals
shareholder exchanged his stock for stock in OVS-Del., a Delaware
corporation, and extended the 1967 voting trust agreement without
change, except that Mike Brown was named successor voting
trustee.
The Bengals began to play in the AFL in 1968. When the NFL
and AFL merged for the 1970 season, Cincinnati, Pittsburgh,
Cleveland, and Houston became members of the Central Division of
the American Football Conference (AFC) of the NFL.
The Bengals lost money in 1968 and 1969. They did not
receive any national TV contract money during these seasons.
They played at Nippert Stadium in Cincinnati, which had a
capacity of only about 30,000.
The Bengals won their AFC division in 1970. From 1968 to
1990, the Bengals had 171 wins, 168 losses, and one tie.
6. Sales, Redemptions, and Transfers of Bengals Stock from
1977 to 1980
Several shares of OVS-Del. stock were redeemed or sold in
arm's-length transactions from 1977 to 1979. The price per share
increased gradually from $14,828.13 (in 1977) to $24,000 (in
1979) in these transactions. On August 4, 1980, OVS-Del.
redeemed 110 shares of its stock owned by Sawyer for all of the
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011