Jeremy Submits Term Sheet

In a bit of an unorthodox move, Jeremy has submitted a term sheet outlining his demands for his upcoming contract negotiation. We know Jeremy's background is Venture Capital but is he serious? His demands are as follows:

1. Player will GIVE the club $5M in return for a 34% ownership stake
2. Player will have a say in all management decisions both on and off the field
3. Player will submit T&E reports for all away games
4. Player reserves the right to hire his own hitting coach
   
5. In the event of a capital infusion from another source, Player must be given additional shares so as not to dilute his investment.
6. Player will arrange sale of team in the event the team should win it all this season
7. Current manager will be give golden parachute package in the event of sale
8. If the team does NOT win it all, Player will rally other owners to replace the manager
9. The team will pay all legal fees incurred by the player

After we picked ourselves up off the floor and wiped the tears of laughter out of our eyes, we could appreciate the irony of Jeremy submitting 9 demands. That being said, the clubs response is simple. We are not looking for venture capital no matter how it is disguised. As for Jeremy's contract negotiations, we'll be in touch.