Peyton Manning, Inside Trader

ifmanis5

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Peyton Manning sold off his stake in 31 Denver-area Papa John’s locations two days before the NFL dropped the pizza chain as its official pizza sponsor.
https://www.denverpost.com/2018/03/06/peyton-manning-sells-papa-johns-locations/

Clearly the owner of PJ's, who is tight with Peyton (and a horrible person and also the reason why NFL is cutting ties with PJ's in the first place), tipped him off before being dropped by Roger and Peyton sold. Obvious case of insider trading.

I'm sure this will all be fairly adjudicated in a court of law with all parties held accountable and Peyton's 'aw-shucks' public persona will be permanently smeared forever. Also, this story is not being reported by ESPN as of yet since they still need him for MNF.
 

tims4wins

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What a complete piece of shit person, and family.

And yet it is Tom Fucking Brady that the NFL went after.
 

brandonchristensen

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This will be the real life equivalent of him sliding to give himself up, the refs not blowing the whistle, and him throwing a first down pass.
 

wilked

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Is this really a story?

Makes for a good headline, but not insider trading.
 

DennyDoyle'sBoil

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I am sorry, but that doesn’t qualify as “insider trading”.
I'm curious why you say that. I'm not doubting you're correct, but I'm just wondering about your analysis. Was the information about the contract not non-public? It was surely material.

We don't know if Manning got the information from an insider. But he may even be an insider itself, and even if he's not, he's not immune from tippee liability.
 

PaulinMyrBch

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Is this really a story?

Makes for a good headline, but not insider trading.
Exactly. You can sell stock in a second. But 31 franchises? That’s a closing that was in the works long before the league deal changed. Plus he sold to an existing franchise owner. So nothing to see here. (Other than click bait of course)
 

Doug Beerabelli

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Awesome if there is any inside shennanigans, but these deals usually take a long time to close (initial negotiations, LOI, negotiate buy-sell agreement, due diligence review, financing if applicable, etc). Makes one think this deal was in works well before Pizza the Hut took over. And after all the problems with the owner were out there. On the other hand, there also might be some protection language requiring the Seller to disclose any information that could adversely affect the business going forward, which could be a problem. I could see the buying franchisee distracted from such considerations by the prospect of doing a deal with Payton, but these guys usually are solidly financially secure with top legal and tax advisors. They ain't stoopid.
 

Al Zarilla

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Best thing is no more Papa John’s commercials around the NFL. Pizza Hut is no Frankie and Johnny’s (best pizza in my neck of the woods) but it isn’t garbage.
 

Greekca

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The only way this plays out negatively for Peyton is the Buyer sues under some language that Seller has to disclose any information that could adversely affect the business going forward. However, that would likely be limited to the specific locations not the corporate operations given Buyer is an existing franchisee.

If Buyer is successful, the purchase price would just be adjusted.

Do people really think being the official pizza of the NFL is make or break in the pizza business?

Nothing to see here.
 

wnyghost

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What a complete piece of shit person, and family.

And yet it is Tom Fucking Brady that the NFL went after.
Please explain how an entire family is shit.

Btw... people on SOSH think BRADY is a bad ,very bad person for concussion water and junk science.
 

tims4wins

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Please explain how an entire family is shit.

Btw... people on SOSH think BRADY is a bad ,very bad person for concussion water and junk science.
Daddy - orchestrating Eli trade, cover up Peyton sexual assault
Eli - merchandise fraud
Peyton's wife - taking the fall for HGH shipments

Maybe the entire family isn't a piece of shit. It is an entire dump. Better?
 

kenneycb

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How long of a time does it take from someone at the NFL to make a phone call? They likely knew ahead of the final announcement.
How far ahead? And how far ahead does one need to sell 31 franchises? Because until you can answer those two questions, which I certainly can't, you're wishcasting and talking out of your ass.
 

Ralphwiggum

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It’s not insider trading. It’s possible he may have breached a representation in the P&S if he knew and failed to disclose it to the buyer, but even in that case it is unclear what the damages would be. Is your typical Papa John’s franchise is going to lose a ton of business because they are no longer the official pizza of the NFL? More likely this is all just coincidental.
 

dcmissle

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Sure. Haters gonna hate.
Or have fun with it. Bram Weinstein, formerly of ESPN, now on radio locally 11:00 to 1:00.

“The Manning crime syndicate” (along with Eli and the helmets, Peyton with the HGH — for the Mrs. — and so forth).

This is not going to be an obstacle to the $10 MM per year Fox and ESPN are reportedly prepared to offer.
 

E5 Yaz

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I understand that it doesn't fall under the definition of insider trading. But I'm not at all buying that the timing is a coincidence.
 

BigSoxFan

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This thread had such great potential until facts and logic had to make their appearance.

Sigh. Onto the next Manning bashing opportunity...
 

dcmissle

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I understand that it doesn't fall under the definition of insider trading. But I'm not at all buying that the timing is a coincidence.
Nor am I. But caveat emptor in these circumstances, particularly when one is dealing with the Manning crime syndicate.
 

Average Reds

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If we need any evidence beyond the HGH scandal and the older sexual assault case to demonstrate that Peyton was/is a creep, this will do the trick. Unfortunately, those hoping that this is a crime will (probably) be disappointed.

I've worked with a franchise organization that is not dissimilar to Papa John's. Based on that experience, the terms governing a sale between franchisees are almost certainly covered in the franchise agreement both signed. (Even the metrics to establish valuation.) Which makes it incredibly difficult if not impossible to prove that anything illegal took place.

Peyton's still a creep.
 

dcmissle

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If we need any evidence beyond the HGH scandal and the older sexual assault case to demonstrate that Peyton was/is a creep, this will do the trick. Unfortunately, those hoping that this is a crime will (probably) be disappointed.

I've worked with a franchise organization that is not dissimilar to Papa John's. Based on that experience, the terms governing a sale between franchisees are almost certainly covered in the franchise agreement both signed. (Even the metrics to establish valuation.) Which makes it incredibly difficult if not impossible to prove that anything illegal took place.

Peyton's still a creep.
With the bestest Teflon since Slick Willy. Because note that the specter of MeToo is not scaring away reported 8-figure/yr offers.

http://profootballtalk.nbcsports.com/2018/03/07/report-peyton-manning-could-get-up-to-10-million-per-year-from-fox-or-espn/
 

wnyghost

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I would love to see the initial costs paid in for the franchises. I also wonder who was in charge of running them.
 

RG33

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“Insider Trading” applies to the legal or illegal buying/selling of securities — of stock — NOT of buying or selling an actual business or franchise as done here. I don’t know if this violates whatever franchisee agreements Peyton may have had in place, but it definitely is not “insider trading” as implied in the OP.

https://www.sec.gov/fast-answers/answersinsiderhtm.html
 

pappymojo

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We know he is in the running for a television gig (puke). It wouldn't surprise me if he sold the franchises to eliminate the appearance of a conflict-of-interest in regards to other advertisers on the network.

Or maybe he finally had some of their pizza.
 

Average Reds

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With the bestest Teflon since Slick Willy. Because note that the specter of MeToo is not scaring away reported 8-figure/yr offers.

http://profootballtalk.nbcsports.com/2018/03/07/report-peyton-manning-could-get-up-to-10-million-per-year-from-fox-or-espn/
On this one, I'll agree wholeheartedly.

The worst part about it is that the details aren't really in question, and the vindictive, incredibly stupid behavior of Peyton and Archie (who violated the non-disparagement clause associated with the settlement multiple times) is egregious and on the record.

And no one gives a damn, because the Mannings are icons.
 

Greekca

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I understand that it doesn't fall under the definition of insider trading. But I'm not at all buying that the timing is a coincidence.
It definitely isn't a coincidence, but that doesn't inherently make it illegal or shady. The likely reason to be selling in the first place was because of the fact that the brand was going to be disassociating from the NFL. Peyton is likely to know that before everyone else because marketing and promotion calendars are set way in advance. When I did some M&A work for a large franchisee of various different brands, they had the promotion and marketing schedule for the next 12 months provided to them by corporate. They knew in February that during the month of November of that year there was going to be an $8.99 deal on Tuesday nights. No reason for a retired football player to be associated with a brand that isn't going to have any sort of connection or presence with the NFL. Also no reason the 31 locations can't be a viable business just because Papa John's is no longer the Official Pizza of the NFL.
 

NYCSox

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It definitely isn't a coincidence, but that doesn't inherently make it illegal or shady. The likely reason to be selling in the first place was because of the fact that the brand was going to be disassociating from the NFL. Peyton is likely to know that before everyone else because marketing and promotion calendars are set way in advance. When I did some M&A work for a large franchisee of various different brands, they had the promotion and marketing schedule for the next 12 months provided to them by corporate. They knew in February that during the month of November of that year there was going to be an $8.99 deal on Tuesday nights. No reason for a retired football player to be associated with a brand that isn't going to have any sort of connection or presence with the NFL. Also no reason the 31 locations can't be a viable business just because Papa John's is no longer the Official Pizza of the NFL.
Right which is why even if there was some kind of "10b-5" rep or something similar in the purchase agreement, damages may be hard to establish. And this doesn't even get into things like deductibles and limits on consequential and incidental damages which would make recovery unlikely at best.
 

bigsid05

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I love bashing Petyon as much as the next guy but, as many others have pointed out, the buyers almost certainly knew this was coming and paid accordingly. Not uncommon in the M&A/deals world. This is not a story.
 

KiltedFool

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So the piece says these are 31 Denver area PJ stores he sold, and the buyer is listed as operating “a substantial number of Papa John’s locations in large markets”. It's entirely likely that the Buyer was at least as insider as Peyton is/was, and he may hold a substantially higher number of franchises. And Peyton's NFL links don't preclude the other franchisee from being as dialed in as he is. Nothing to see, weak click bait.

I'm more curious about how well they'll be able to minimize his fivehead once he takes a job as a commentator.
 

cgori

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Best thing is no more Papa John’s commercials around the NFL. Pizza Hut is no Frankie and Johnny’s (best pizza in my neck of the woods) but it isn’t garbage.
Wait, Frankie and Johnny's still exists on the peninsula? I haven't thought about that place in years.
 

Harry Hooper

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We know he is in the running for a television gig (puke). It wouldn't surprise me if he sold the franchises to eliminate the appearance of a conflict-of-interest in regards to other advertisers on the network.

Or maybe he finally had some of their pizza.
Zing!


So the piece says these are 31 Denver area PJ stores he sold, and the buyer is listed as operating “a substantial number of Papa John’s locations in large markets”. It's entirely likely that the Buyer was at least as insider as Peyton is/was, and he may hold a substantially higher number of franchises. And Peyton's NFL links don't preclude the other franchisee from being as dialed in as he is. Nothing to see, weak click bait.
Agreed, and if Peyton was actually selling off the bundle to such a buyer quickly, he likely did it at a reduced price.
 

Jimbodandy

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I dislike Peyton more than most, and this is just another story that will do nothing to tarnish his well-crafted Opie Cunningham image. After what he and dad did to that trainer, he should have to have "Asshole" tattooed on his five head.
 

Marciano490

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I dislike Peyton more than most, and this is just another story that will do nothing to tarnish his well-crafted Opie Cunningham image. After what he and dad did to that trainer, he should have to have "Asshole" tattooed on his five head.
I'm not sure whether this was intentional, but Dante would be proud.
 

SMU_Sox

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I don't think anyone wants to turn this into a marketing discussion but as someone who lives in DFW and our marketing and insights community is large but closely connected for more context on this: Dominoes is winning with innovation and technology and with a ton of fortitude. They also listened to their key insights people. HBR had an article on them in 2016. LA times has a more detailed writeup a year later and more success. Now they are #1 in pizza delivery share. Fuck Peyton Manning and what not and I won't derail this anymore but the pizza delivery wars have gotten high tech.

Quick edit: My colleague's wife is a VP there and that bastard has gotten to go to the past 2-3 Super Bowls. Jealous? You bet. Bitter? Maaaaaaaybe. Ok Bitter.
 

reggiecleveland

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I think Dominoes stands alone atop Shit Pizza Mountain.

I mean, I like them best for the national chains.
Little known fact. Dominoes redid all there Pizza, new recipes, etc, because it was so bad in 2010. Dominoes Canada stayed with the same crappy pizza and is still selling the cardboard crust specials.

But, when in the US Dominoes is passable.