OT NBA Orlando owner dies

[LadyStanley]

Orlando Magic owner and Amway co-founder Rich DeVos dies at age 92
Orlando Magic owner and Amway co-founder Rich DeVos dies at the age of 92

Team purchased in 1991 for $85m.

Unclear if there will be any issues with ownership, transfer, sale. Article did not address it.

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[LadyStanley]

Orlando Magic owner Rich DeVos dies at 92

In recent years, the DeVos family restructured its Magic ownership group through estate planning, Magic Chief Executive Officer Alex Martins said several years ago. The four children of Rich and Helen DeVos now own the largest stakes in the franchise, although ownership of the team also extends into other generations of the family, Martins said.

Looks like no hiccups in ownership.

 

[StreetHawk]

Orlando Magic owner Rich DeVos dies at 92



Looks like no hiccups in ownership.

It should have already been planned out given his age. Hopefully it has and there won’t be a legal battle over it.

 

[Dirty Old Man]

DeVos also owned the AHL Grand Rapids Griffins; but it looks like ownership had been transferred to his son Dan some time ago...