Most female owners inherit a team from a father, husband or brother. Now some are buying their way into football. The Titans’ titan goes deep on what it all means for the league.
efore the Tennessee Titans kicked off their NFL season with a home game against the New York Giants on September 11, team owner Amy Adams Strunk spent nearly two hours with tailgaters outside Nashville’s Nissan Stadium. “Omigod, it’s her,” one young woman shouted, before asking for the requisite photos.
But there are signs of change—this summer, Ariel Investments’ Mellody Hobson bought a 5.5% stake in the Denver Broncos for $245 million as part of the Waltons’ ownership group that also brought in Carrie Walton Penner, granddaughter of Walmart founder Sam Walton, with a 30% stake. Sign Here Please: Young Amy Adams Strunk gets an autograph from Heisman Trophy winner and Houston Oilers halfback Billy Cannon.It’s a vision her father could not have foreseen. Bud Adams, who died in 2013 at age 90, was a legend in professional football. A member of the Cherokee nation who made his fortune in oil, he was instrumental in founding the American Football League and started the Oilers for just $25,000.
After a family scrum—which saw the ousting of her brother-in-law as CEO—Adams Strunk and her nephews wrested control of the team in 2015. “It was a hard decision,” she says, “but my dad’s legacy was very important to me and the boys.”
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