27 transfer. The other NFL owners never approved the sale from Brown to Sawyer. Bill Ray, then the NFL treasurer, prepared a memorandum to the NFL file which showed that on September 29, 1983, the Bengals were owned as follows: Name Shares John Sawyer 330 Austin Knowlton 248 Paul Brown 1 Mike Brown 1 Peter Brown 1 David G. Gamble 1 Virginia Fite 1 Louis Nippert 1 James R. Williams 1 William J. Williams 1 Total 586 G. Brown Family Limited Partnership 1. Formation, Ownership, and Dissolution of the Brown Family Limited Partnership On August 17, 1983, Paul, Mike, and Peter Brown formed the Brown family limited partnership (Brown family partnership). The stated value of the capital contribution made by each partner was: Capital ContributionUnits General Partner Paul Brown $ 49,000 49 Limited Partners Paul Brown $2,300,000 2,300 Mike Brown 500 .5 Peter Brown 500 .5Page: Previous 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Next
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