Titans Co-Owner Selling Her Stake in Team

Susie Adams Smith is selling her share of the Titans’ parent company, KSA Industries, which was founded by her late father, Bud Adams, Jason Wolf of the Tennessean reports.

The company includes several businesses in addition to the NFL team, including oil, gas and real estate.

Her sister, Amy Adams Strunk, also owns one-third of the company and will remain the team’s controlling owner.

The Titans released a statement on Tuesday afternoon from Adams Strunk:

“Recently Susie (Smith) began the process of selling her portion of KSA Industries, which includes a fractional indirect interest in the Tennessee Titans. We respect her right to make this decision and will cooperate fully with the process, which will not impact team operations in any way.

“Regardless of the outcome of this process, I will continue to serve as the controlling owner of the Titans. The remaining two-thirds of the team controlled by myself, Kenneth Adams IV, Barclay Adams and Susan Lewis is not and has never been for sale.

“Both personally and as a group, we have invested time, effort and capital to improve this franchise and we are excited to see the results on and off the field for years go come.”

Earlier today, Titans president and CEO Steve Underwood told Bloomberg: “Amy Strunk before, after and during the sale will remain in full and complete control of Titans operations. Literally nothing will change about our day-to-day operations.”

Forbes valued the Titans at $2 billion in 2016, making Smith’s stake worth approximately $660 million. The Titans are the 24th most-valuable team in the league.


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One Response to “Titans Co-Owner Selling Her Stake in Team”

  1. Oilers Forever says:

    “making Smith’s stake worth approximately $660 million”

    Never has a part of a corpse been worth so much…

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