Estate of Paul E. Brown, Deceased, Peter D. Brown and Michael Brown, Co-Executors - Page 27

                                         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                  .5                       





Page:  Previous  17  18  19  20  21  22  23  24  25  26  27  28  29  30  31  32  33  34  35  36  Next

Last modified: May 25, 2011