Acquisition Counsel Retainer Amendment
Author: Lewwwk
Context
The Krause House community approved a $25,000 legal counsel retainer on March 27, 2023. Since that time conversations with ownership groups have expanded beyond the NBA, to groups that are excited to bring the Krause House playbook into their sport.
Details
This proposal requests to amend the original proposal as follows:
- apply the retainer budget to acquisition opportunities in any league generating over $1B in annual revenues.
- pledge that the retainer will be repaid to the community from proceeds of any resulting transaction subsequently approved by the community.
Rationale
While Krause House began with a focus on the NBA, it is apparent that our value proposition extends across sport. Securing an LOI with any team in an elite league will be a material contribution to our mission.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
0x78d6...23E9e9 | 249,963 | 25% for For, 75% for Abstain |
0xAEa9...6f0112 | 75,798 | 100% for For |
0x2D58...a31b39 | 32,664 | 100% for For |
0xC8Af...e168EE | 4,311 | 100% for For |
0xC1a2...Bb466A | 2,500 | 100% for For |
VOTE POWER
Proposal Status
- Thu August 31 2023, 09:57 pmVoting Period Starts
- Sun September 03 2023, 09:57 pmEnd Voting Period
Current Results
1-Abstain
187,656.851
2-For
182,483.872
