That’s life under the franchise system, you license, you never really own.
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Stripping the franchisee devalues EVERY franchise , it’s a terrible move ... you’re one computer generated fake recording away from Magic Johnson buying you out for peanuts.
Franchisees get stripped, there’s nothing new about this. Usually it’s based on finances, but embarrassing the league is always a possible reason. And it’s not a fake recording, and he won’t be bought out for peanuts (which would devalue the other franchises).