The Atlantic City CardSharks were a professional indoor football team based in Atlantic City, New Jersey . They were members of the Eastern Division of the Atlantic Conference of the National Indoor Football League (NIFL) during the 2004 season. Notable players included QB Tony Racioppi, DE Eddie Byrnes, WR/KR Steve Garrison. The team played its home games at Boardwalk Hall .
105-743: Coached by former Oakland Raider Mike Siani , the CardSharks won their first ever game on April 10, 2004, with a 77-37 victory over the Greenville Riverhawks . The CardSharks finished the regular season with 9-5 record, finishing in second place in the Eastern Division, earning a playoff spot. The CardSharks lost in the first round of the 2004 NIFL Playoffs to the Lexington Horsemen (final score: 45-25). The team folded after only playing one season in 2004. Note: Statistics are correct through
210-695: A wild card berth. After playoff victories against the Houston Oilers , Cleveland Browns , and San Diego Chargers , the Raiders went to Super Bowl XV , and clinched their second NFL championship in five years with a 27–10 win over the favored Philadelphia Eagles in Super Bowl XV . With the victory, the Raiders became the first ever wild card team to win a Super Bowl. Two Super Bowl records of note occurred in this game: 1) Kenny King 's 80-yard, first-quarter, catch-and-run reception from Jim Plunkett remained
315-510: A "Private Fund Limited Partnership" (PFLP), which is available for collective investment schemes constituted by an agreement in writing. The order relaxed the rules applying to private fund partnerships in order to remove some uncertainty in the application of the law, reduce administrative costs, and help ensure "that the UK remains an attractive and competitive location for private investment funds in comparison to other jurisdictions". The relaxation of
420-472: A 2–2 start. After flying to Houston for a match with the Texans, the Raiders were stunned by the news that Al Davis had died at his home on October 8 after having been with the franchise for all but its first three years of existence. A last-second interception from Texans quarterback Matt Schaub allowed the Raiders to win that game, but in the next week's match with Cleveland (a 24–17 win), Jason Campbell sustained
525-475: A 37–22 loss to the Houston Oilers . The Raiders were allowed to move to Candlestick Park for the final three home games of the 1960 season after gaining the approval of San Francisco's Recreation and Park Commission, marking the first time that professional football would be played at the new stadium. The change of venue, however, failed to attract larger crowds for the Raiders during their time at Candlestick Park, with announced attendance of 12,061 (vs.
630-632: A contract with the Oakland Raiders. Bill King was hired for the play-by-play and Scotty Stirling (an Oakland Tribune sportswriter) was color commentator. When the University of California refused to let the Raiders play home games at Memorial Stadium in Berkeley, they chose Kezar Stadium in San Francisco as their home field. The team's first regular season home game was played on September 11, 1960,
735-544: A criminal for the hit. The Raiders won 13 regular season games and a close victory over New England (the only team to beat them in the regular season) in the first round of the playoffs . They then knocked out the injury-plagued Steelers in the AFC Championship to go to Super Bowl XI . Oakland's opponent was the Minnesota Vikings , a team that had lost three previous Super Bowls. The Raiders led 16–0 at halftime. By
840-478: A decade. Led by veteran quarterback Rich Gannon , Oakland won their first division title since 1990, and advanced to the AFC Championship, where they lost 16–3 to the eventual Super Bowl champion Baltimore Ravens . The Raiders acquired all-time leading receiver Jerry Rice prior to the 2001 season. They finished 10–6 and won a second straight AFC West title but lost their divisional-round playoff game to
945-456: A form of corporate organization roughly equivalent to a master limited partnership . A Kommanditgesellschaft auf Aktien has two types of participators. It has at least one partner with unlimited liability (Komplementär). It is in that sense a private company. Komplementärs are natural persons or legal persons . If the Komplementär is a corporation with limited liability then the type of
1050-646: A fourth-place finish in the AFC West after a loss in Week 11 dropped them to 0–10. The Raiders were the last team in the league that year to win a game, finally doing so the next week against their division rival, the Kansas City Chiefs, but they were defeated 52–0 by the Rams the next week. The Raiders did manage to defeat their geographic rival, the San Francisco 49ers, and defeated Buffalo in Week 16, which mathematically eliminated
1155-614: A late 4th-quarter touchdown amid three Miami defenders to win 28–26 and end the Dolphins' chances of a three-peat and a fourth consecutive Super Bowl appearance. In the 1975 season opener, the Raiders beat Miami and ended the Dolphins' 31-game home winning streak. With an 11–3 record, they defeated Cincinnati in the divisional playoff round , but again fell to the Steelers in the conference championship . In 1976 , Valley sold his interest in
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#17328514674701260-427: A new head coach from outside the Raiders organization for only the second time when he hired Philadelphia Eagles offensive coordinator Jon Gruden , who previously worked for the 49ers and Packers under head coach Mike Holmgren . Under Gruden, the Raiders posted consecutive 8–8 seasons in 1998 and 1999, and climbed out of last place in the AFC West. Oakland finished 12–4 in the 2000 season, the team's most successful in
1365-404: A number of businessmen willing to invest in the new team. A limited partnership was formed to own the team headed by managing general partner Y. Charles (Chet) Soda , a local real estate developer, and included general partners Ed McGah, Oakland City Councilman Robert Osborne, F. Wayne Valley , restaurateur Harvey Binns, 1928 Olympic gold medalist Donald Blessing , and contractor Charles Harney,
1470-516: A playoff berth. In 1972 , with Wayne Valley out of the country for several weeks attending the Olympic Games in Munich , Davis's attorneys drafted a revised partnership agreement that gave him total control over all of the Raiders' operations. McGah, a supporter of Davis, signed the agreement. Under partnership law, by a 2–1 vote of the general partners, the new agreement was thus ratified. Valley
1575-679: A professional American football team that played in Oakland from its founding in 1960 to 1981 and again from 1995 to 2019 before relocating to the Las Vegas metropolitan area where they now play as the Las Vegas Raiders . Between 1982 and 1994 , the team played in Los Angeles as the Los Angeles Raiders . The team's first home game was at Kezar Stadium in San Francisco, against
1680-511: A season-ending collarbone fracture. With backups Kyle Boller and Terrell Pryor considered unsuitable to replace him, the Raiders made a desperation bid with Cincinnati to acquire quarterback Carson Palmer , who had retired after a feud with that team, but was still under contract with them. With Al Davis's passing, Hue Jackson was effectively in charge of all on-field decisions and he finally convinced Bengals owner Mike Brown to give up Palmer in exchange for Oakland's 2012 first-round draft pick. With
1785-502: A second consecutive season. As part of the agreement to bring the Raiders back to Oakland the city agreed that they would increase the capacity of the Coliseum. The result was a structure of 20,000 capacity seating that became known as Mount Davis after Davis. The structure was completed in time for the 1996 season . After two more unsuccessful seasons (7–9 in 1996 and 4–12 in 1997) under White and his successor, Joe Bugel , Davis selected
1890-443: A single game outside their own division or the weak NFC West. During all this time, Al Davis, who was now past his 80th birthday and in increasingly poor health, refused to hire a general manager or relinquish his absolute control of the team's on-field activities and he continued to make all major decisions regarding draft picks, trades, or signings himself. He came under fire both for this and for strategies that were out-of-step with
1995-647: A stadium with a baseball franchise. The baseball infield for the Oakland Athletics at the Oakland Coliseum was present during Raiders games during the early NFL seasons. The end of the MLB season correlated with the beginning of the NFL season, which forced the Raiders to play certain games on a dirt field. The Raiders began 2012 by losing a very poorly executed home opener on Monday Night Football to San Diego 22–14. The team
2100-629: A team of tough, take-no-prisoners players —such as future Hall of Fame offensive linemen Jim Otto , Gene Upshaw , and Art Shell ; linebacker Ted ("the Stork") Hendricks ; defensive end Ben Davidson ; and cornerback Willie Brown —who would occasionally cross the line into dirty play. Those teams also featured an additional foursome of future Hall of Fame players in tight end Dave Casper , kicker George Blanda , and wide receiver Fred Biletnikoff , as well as fiery quarterback Ken ("the Snake") Stabler . In 1970 ,
2205-883: Is contingent upon them not taking an active role in the management of the partnership. LPFs were introduced in 2020 and are intended to provide a domestic Hong Kong vehicle for private equity funds. Japanese law has historically provided for two business forms similar to limited partnerships: In 1999, the Diet of Japan passed legislation enabling the formation of "limited partnerships for investment" ( 投資事業有限責任組合 , tōshi jigyō yūgen sekinin kumiai ) . These are very similar to Anglo-American limited partnerships, in that they adopt most provisions of general partnership law but provide for limited liability for certain partners. Profits of an investment limited partnership pass through to all partners proportional to their investment share. For tax purposes, profits and losses will only pass through to
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#17328514674702310-488: Is customary that the documentation and electronic materials issued to the public by the firm will carry a clear statement identifying the legal nature of the firm and listing the partners separately as general and limited. Hence, unlike the GPs, the limited partners do not have inherent agency authority to bind the firm unless they are subsequently held out as agents (and so create an agency by estoppel ); or acts of ratification by
2415-545: Is the stock of the company (Grundkapital) and divided into shares. A KGaA is in that aspect comparable with a German Aktiengesellschaft . The investment of all partners is the corporate's total capital (Gesamtkapital). The KGaA is a traditional type of very large family businesses (that are partly publicly traded) in Germany; the consumer products giant Henkel , pharmaceutical company Merck and media conglomerate Bertelsmann are prominent examples. In case of Merck, besides
2520-688: The 2004 season 5–11, with only one divisional win (a one-point victory over the Broncos in Denver). During a Week 3 victory against the Buccaneers, Rich Gannon suffered a neck injury that ended his season and eventually his career; he never returned to the team and retired before the 2005 season. Kerry Collins , who led the New York Giants to an appearance in Super Bowl XXXV and signed with Oakland after
2625-632: The AFL–NFL merger took place and the Raiders became part of the Western Division of the American Football Conference in the newly merged NFL. The first post-merger season saw the Raiders win the AFC West with an 8–4–2 record and go all the way to the conference championship , where they lost to the Colts . Despite another 8–4–2 season in 1971 , the Raiders failed to win the division or achieve
2730-574: The Chargers in a 41–17 loss on December 4), 9,037 (vs. the New York Titans in a 31–28 loss on December 11) and 7,000 (estimated, vs. the Broncos in a 48–10 victory to close out the season on December 17) at Candlestick. The Raiders finished their first campaign with a 6–8 record, and lost $ 500,000, equivalent to $ 5.15 million in 2023. Desperately in need of money to continue running
2835-567: The Department for Business and Trade ) consulted in 2008 on proposals to modify and merge the two Acts, but the proposals did not go ahead. Scots law on partnerships (including limited partnerships) is distinct from English law . Under Scots law, partnerships are legal persons distinct from the partners. However, lawsuits may still be filed against the partners by name, the general partners are still exposed to 'pass-through' liability, and partners are still jointly and severally liable (although in
2940-458: The Houston Oilers on September 11, 1960, with a 37–22 loss. They played their last game as an Oakland-based team on December 29, 2019, a game which they lost 16–15 to make them finish 3rd in the AFC West , eliminate them from playoff contention, and suffer a late-season collapse after starting with a 6–4 record. A few months after the inaugural American Football League draft in 1959, the owners of
3045-614: The Limited Partnership Ordinance and limited partnership funds, known as "LPFs", governed by the Securities and Futures Ordinance . Neither limited partnerships nor LPFs are separate and distinct legal persons. Instead, they are simply partnerships of persons, some of whom enjoy limited liability as a result of compliance with statutory requirements. Like many other jurisdictions, the partners who enjoy such limited liability are known as limited partners and their limited liability
3150-576: The Napoleonic Code (1807) reinforced the limited partnership concept under European law. In the United States , limited partnerships became widely available in the early 19th century, although a number of legal restrictions at the time made them unpopular for business ventures. Britain enacted its first limited partnership statute in 1907. A kommanditselskab (abbreviated K/S) is the Danish equivalent of
3255-487: The Tampa Bay Buccaneers to sign him. In return, the Raiders received cash and future draft picks from the Buccaneers. The sudden move came after months of speculation in the media that Davis and Gruden had fallen out with each other both personally and professionally. Bill Callahan , who served as the team's offensive coordinator and offensive line coach during Gruden's tenure, was named head coach. Under Callahan,
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3360-399: The Tampa Bay Buccaneers , coached by Gruden. The Raiders, who had not made significant changes to Gruden's offensive schemes, were intercepted five times by the Buccaneers en route to a 48–21 blowout. Some Tampa Bay players claimed that Gruden had given them so much information on Oakland's offense, they knew exactly what plays were being called. Callahan's second season as head coach
3465-494: The Uniform Limited Partnership Act (to the extent the amendments are adopted by state legislature) also permitted limited partnerships to become limited liability limited partnerships in states that adopt the change. Under this form, debts of a limited liability limited partnership are solely the responsibility of the partnership, thereby removing general-partner liability for partnership obligations. This change
3570-681: The "vertical game", an aggressive offensive strategy based on the West Coast offense developed by Chargers head coach Sid Gillman . Under Davis the Raiders improved to 10–4, and he was named the AFL's Coach of the Year in 1963. Though the team slipped to 5–7–2 in 1964, it rebounded to an 8–5–1 record in 1965. He also initiated the use of team slogans such as "Pride and Poise", "Commitment to Excellence", and "Just Win, Baby"—all of which are registered trademarks . In April 1966, Davis left
3675-474: The 1962 season, Valley hired Al Davis , a former assistant coach of the San Diego Chargers, as head coach and general manager. At 33, he was the youngest person in over 30 years to hold the position of head coach, and the youngest person ever to hold the position of general manager, in professional football. Davis immediately changed the team colors to silver and black, and began to implement what he termed
3780-461: The 2003 season, became the team's starting quarterback. In an effort to bolster their offense, in early 2005 the Raiders acquired Pro Bowl wide receiver Randy Moss via trade with the Minnesota Vikings , and signed free agent running back Lamont Jordan of the New York Jets. After a 4–12 season and a second consecutive last-place finish, Turner was fired as head coach. On February 11, 2006,
3885-463: The Alameda County Board of Supervisors the next month, as well as by the NFL. The move was greeted with much fanfare, and under new head coach Mike White the 1995 season started off well for the team. Oakland started 8–2, but injuries to starting quarterback Jeff Hostetler contributed to a six-game losing streak to end the season, and the Raiders failed to qualify for the playoffs for
3990-492: The Bills from playoff contention for the 15th straight year. Oakland's final record that season was 3–13. Their offense struggled mightily, averaging just 282.2 yards per game (last in the league). Quarterback and second-round pick Derek Carr proved to be a positive addition, serving as the starter for the entire season and set a Raiders record for most passing yards in one season by a rookie. Also, linebacker Khalil Mack , selected in
4095-521: The Eagles in Week 9 when quarterback Nick Foles threw a record seven touchdown passes. In Week 15, they gave up 56 points to the Chiefs. In 2014, Dennis Allen was fired after a 0–4 start and replaced by former Dolphins head coach and then-Raiders offensive line coach Tony Sparano for the remainder of the season. They became the first team to be mathematically eliminated from playoff contention and were guaranteed
4200-442: The GPs will be the ones which are personally liable. Limited partners are subject to the same alter-ego piercing theories as corporate shareholders. However, it is more difficult to pierce the limited partnership veil because limited partnerships do not have many formalities to maintain. So long as the partnership and the members do not co-mingle funds, it would be difficult to pierce the veil. In some jurisdictions (for instance in
4305-524: The Jaguars. A home win over Denver in Week 15 saw the team approach a playoff spot, but faltered in a loss to the Colts which ensured that they would miss the postseason for the 8th straight year. By beating Kansas City in Week 17, the Raiders became the first team in NFL history to sweep their division and still not make the playoffs. Despite beginning to turn the team around, Tom Cable was fired by Al Davis soon after
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4410-682: The New Zealand Companies Office . Registration, maintenance and annual return filing for Limited Partnerships and Overseas Limited Partnerships are conducted through manual forms. In the United Kingdom , limited partnerships are governed by the Limited Partnerships Act 1907 and, on matters on which that Act is silent, also by the Partnership Act 1890 . The UK Department for Business, Enterprise and Regulatory Reform (now
4515-532: The Oakland business community for calling his acquaintances "señor"), the fledgling team (and its owners) changed the team's name nine days later to the Oakland Raiders, which had finished third in the naming contest. The original team colors were black, gold and white. The now-familiar team emblem of a pirate (or "raider") wearing a football helmet was created, reportedly a rendition of actor Randolph Scott . Oakland Raiders games were broadcast locally on KNBC (680 AM;
4620-429: The Raiders after being named AFL Commissioner. Two months later, the league announced its merger with the NFL . With the merger, the position of commissioner was no longer needed, and Davis entered into discussions with Valley about returning to the Raiders. On July 25, 1966, Davis returned as part-owner of the team. He purchased a 10 percent interest in the team for US$ 18,000, equivalent to $ 169,034 in 2023, and became
4725-541: The Raiders again won Western Division titles, only to lose the AFL Championship to the eventual Super Bowl winners—the New York Jets (1968) and Kansas City Chiefs (1969). In 1969, John Madden became the team's sixth head coach, and under him the Raiders became one of the most successful franchises in the NFL, winning six division titles during the 1970s. It was during this period that the Raiders forged an image as
4830-443: The Raiders defeated their division rival with eight touchdowns (two passing, five rushing, and one interception return), setting a score of 59–14 for the most points in franchise history. After beating Seattle 33–3 and then Kansas City 23–20 for a third straight win, the Raiders went into their bye week with a winning 5–4 record. However, after the bye week, the Raiders fell to Pittsburgh and Miami before beating San Diego and losing to
4935-460: The Raiders finished the 2002 season 11–5, won their third straight division title, and clinched the top seed in the playoffs. Rich Gannon was named MVP of the NFL after passing for a league-high 4,689 yards. After beating the New York Jets and Tennessee Titans by large margins in the playoffs , the Raiders made their fifth Super Bowl appearance in Super Bowl XXXVII . Their opponent was
5040-597: The Raiders from Oakland to Los Angeles. The move, which required three-fourths approval by league owners, was defeated 22–0 (with five owners abstaining). When Davis tried to move the team anyway, he was blocked by an injunction . In response, the Raiders not only became an active partner in an antitrust lawsuit filed by the Los Angeles Memorial Coliseum (who had recently lost the Los Angeles Rams ), but filed an antitrust lawsuit of their own. After
5145-543: The Raiders reached the AFC Championship , but lost 27–10 to the Dolphins . In 1974 , Oakland had a 12–2 regular season, which included a nine-game winning streak. They beat the Dolphins in the divisional round of the playoffs in a see-saw battle before falling to the Steelers in the AFC Championship . The playoff game against the Dolphins is known in NFL lore as the Sea of Hands game in which running back Clarence Davis caught
5250-452: The UK), the limited liability of the limited partners is contingent on their not participating in management. Partnership interests (including the interests of limited partners) are afforded a significant level of protection through the charging order mechanism. The charging order limits the creditor of a debtor-partner or a debtor-member to the debtor's share of distributions, without conferring on
5355-493: The athletes: you were magnificent out there, you really were." The team would not see a repeat performance in 1981 , falling to 7–9 and a losing record for the first time since 1964. Prior to the 1980 season, Al Davis attempted unsuccessfully to have improvements made to the Oakland–Alameda County Coliseum , specifically the addition of luxury boxes . On March 1, he signed a memorandum of agreement to move
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#17328514674705460-457: The biggest draft bust in NFL history, as well as poorly conceived trade acquisitions, such as the one to acquire Carson Palmer in 2011. Surveys of players across the league consistently showed that the Raiders had become one of the least desirable teams to play for. In addition, with the Miami Marlins obtaining their own ballpark in 2012, the Raiders became the last team in the NFL to still share
5565-524: The builder of San Francisco's Candlestick Park, built on a bleak parcel of land he owned; the road leading to the stadium is known as Harney Way. A "name the team" contest was held by the Oakland Tribune , and the winner was announced April 4, 1960, as the Oakland Señors . After a few days of being the butt of local jokes (and accusations that the contest was fixed, as Soda was fairly well known within
5670-428: The case of limited partners, only to the extent of their capital contribution). There has been discussion over whether limited partnerships operating under English law should be made separate legal entities as under Scots law, and in the same way as limited liability partnerships are. The Law Commission report on partnership law LC283 suggested that creation of separate legal personality should be left as an option for
5775-449: The company has to be named as UG (haftungsbeschränkt) & Co. KGaA , GmbH & Co. KGaA , AG & Co. KGaA or SE & Co. KGaA . Under consideration of the aspects of European freedom of establishment it is also possible that corporations established under foreign law can become Komplementärs of a KGaA forming companies like Limited & Co. KGaA . The investment of the partners with limited liability (Kommanditisten)
5880-477: The conclusion of the 2011 season, Hue Jackson was fired and replaced by former Broncos defensive coordinator Dennis Allen , the first defensive-minded Raiders head coach since John Madden. At Davis's death, the once-elite franchise was a mess, with one of the NFL's oldest rosters, almost no salary cap space, and valuable first-round draft picks squandered on bust players, such as Robert Gallery, Darrius Hayward-Bey, and most especially JaMarcus Russell, widely considered
5985-533: The contemporary NFL, in particular, his attempt to recreate the vertical game used by Daryle Lamonica and Jim Plunkett. Jamarcus Russell was drafted due to Davis's assumption that he had the proper physical traits needed for this style of play. The signing of Randy Moss in 2005 also proved a costly mistake that consumed large portions of salary cap space. The Raiders' biggest off-season moves were trading quarterback Bruce Gradkowski to Cincinnati and cornerback Nnamdi Asomugha to Philadelphia. With their new coach in place,
6090-439: The creditor any voting or management rights. When the partnership is being constituted, or the composition of the firm is changing, limited partnerships are generally required to file documents with the relevant state registration office. Limited partners must explicitly disclose their status when dealing with other parties, so that such parties are on notice that the individual negotiating with them carries limited liability. It
6195-513: The end of the 2012 CIFL season . Note: The Finish, Wins, Losses, and Ties columns list regular season results and exclude any postseason play. This American football team article is a stub . You can help Misplaced Pages by expanding it . This article about a sports team in New Jersey is a stub . You can help Misplaced Pages by expanding it . Oakland Raiders National Football League ( 1970 – 2019 ) The Oakland Raiders were
6300-436: The end, forcing their opponent into multiple turnovers, they won 32–14 for their first post-merger championship. The following season saw the Raiders finish 11–3, but lose the division title to 12–2 Denver . They settled for a wild card playoff berth, beating the Colts 37–31 in two overtime periods , but then falling to the Broncos 20–17 in the AFC Championship . During a 1978 preseason game, Patriots WR Darryl Stingley
6405-430: The eventual Super Bowl champion New England Patriots , in a controversial game that became known as the " Tuck Rule Game ". The game was played in a heavy snowstorm, and late in the fourth quarter an apparent fumble by Patriots quarterback Tom Brady was recovered by Raiders linebacker Greg Biekert . The recovery would have led to a Raiders victory; however, the play was reviewed and determined to be an incomplete pass (it
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#17328514674706510-569: The firm create ostensible authority. The societates publicanorum , which arose in Rome in the third century BC, may have arguably been the earliest form of limited partnership. During the heyday of the Roman Empire , they were roughly equivalent to today's corporations . Some had many investors, and interests were publicly tradable. However, they required at least one (and often several) partners with unlimited liability. A very similar form of partnership
6615-487: The first Hispanic head coach in NFL history. Flores led the Raiders to another 9–7 season, but not the playoffs. The following off-season, the popular gun-slinging quarterback Ken Stabler was traded to the Houston Oilers , a move which was unpopular and criticized at the time. In the fifth week of the 1980 season , starting quarterback Dan Pastorini broke his leg and was replaced by former number-one draft pick Jim Plunkett . Plunkett led Oakland to an 11–5 record and
6720-518: The first case was declared a mistrial , in May 1982 a second jury found in favor of Davis and the Los Angeles Coliseum, clearing the way for the move. With the ruling, the Raiders finally relocated to Los Angeles for the 1982 season to play their home games at the Los Angeles Coliseum. On June 23, 1995, Davis signed a letter of intent to move the Raiders back to Oakland. The move was approved by
6825-490: The first round, had 75 tackles and 4 sacks. Limited partnership A limited partnership ( LP ) is a type of partnership with general partners who have a right to manage the business and limited partners who have no right to manage the business but have only limited liability for its debts. Limited partnerships are distinct from limited liability partnerships , in which all partners have limited liability. The general partners (GPs) are, in all major respects, in
6930-695: The franchise, a meeting of local civic leaders and businessmen was called, chaired by former United States Senator William Fife Knowland , editor of the Oakland Tribune ; Edgar Kaiser of Kaiser Steel; developer Robert T. Nahas; and Oakland City Councilman Robert Osborne. Also attending the meeting were Oakland Mayor Clifford E. Rishell; City Councilmen Frank J. Youell, Felix Chialvo, Glenn E. Hoover, Fred Maggiora, John C. Houlihan, Dan Marovich, and Howard E. Rilea; Alameda County Board of Supervisors President Kent D. Pursel; and County Supervisors Emanuel P. Razeto, Leland W. Sweeney, and Francis Dunn. The gathering found
7035-442: The general partner(s) while the partnership has negative equity (i.e. liabilities exceeding assets); however, profits and losses while the partnership has positive equity are shared equally. In New Zealand , Limited Partnerships are a form of partnership involving General Partners, (who are liable for all the debts and liabilities of the partnership) and Limited Partners (who are liable to the extent of their capital contribution to
7140-438: The hiring of 31-year-old USC offensive coordinator Lane Kiffin , the youngest coach in franchise history and the youngest coach in the NFL. In the 2007 NFL Draft, the Raiders selected LSU quarterback JaMarcus Russell with the #1 overall pick. Kiffin coached the Raiders to a 4–12 record in the 2007 season . After a 1–3 start to 2008 and months of speculation and rumors, Al Davis fired Kiffin on September 30, 2008. Tom Cable
7245-432: The law in relation to PFLPs was welcomed by the financial industry. In the United States , the limited partnership organization is most common among film production companies and real estate investment projects, or in types of businesses that focus on a single or limited-term project. They are also useful in " labor - capital " partnerships, where one or more financial backers prefer to contribute money or resources while
7350-553: The limited liability enjoyed by limited partners was contingent upon their refraining from taking any active role in the management of the firm. However, Section 303 of the Revised Uniform Limited Partnership Act (if adopted by a state legislature) eliminates the so-called "control rule" with respect to personal liability for entity obligations and brings limited partners into parity with LLC members, LLP partners and corporate shareholders. The 2001 amendments to
7455-474: The limited partners have no management authority, and (unless they obligate themselves by a separate contract such as a guarantee) are not liable for the debts of the partnership. The limited partnership provides the limited partners a return on their investment (similar to a dividend ), the nature and extent of which is usually defined in the partnership agreement. General Partners thus bear more economic risk than do limited partners, and in cases of financial loss,
7560-610: The limited partnership. The owners are divided into general partners (komplementarer in Danish) and limited partners (kommanditister in Danish). Often the only general partner of a K/S is an Anpartsselskab with the least possible capital, thus reducing the liability of the K/S to the capital of the Anpartsselskab. Kommanditgesellschaft auf Aktien – abbreviated KGaA – is a German corporate designation standing for 'partnership limited by shares',
7665-404: The longest touchdown Super Bowl pass play for the next 16 years; and 2) Rod Martin 's three interceptions of Eagles' quarterback Ron Jaworski still stands today as a Super Bowl record. Reflecting on the last ten years during the post-game awards ceremony, Al Davis stated "...this was our finest hour, this was the finest hour in the history of the Oakland Raiders. To Tom Flores, the coaches, and
7770-474: The ordinary course of the partnership's business. As with a general partnership, "an act of a general partner which is not apparently for carrying on in the ordinary course the limited partnership's activities or activities of the kind carried on by the limited partnership binds the limited partnership only if the act was actually authorized by all the other partners." Like shareholders in a corporation , limited partners have limited liability . This means that
7875-606: The other partner performs the actual work. In such situations, liability is the driving concern behind the choice of limited partnership status. The limited partnership is also attractive to firms wishing to provide shares to many individuals without the additional tax liability of a corporation. Private equity companies almost exclusively use a combination of general and limited partners for their investment funds. Well-known limited partnerships include Enterprise Products and Blackstone Group (both of which are public companies ), and Bloomberg L.P. (a private company ). Before 2001,
7980-506: The owning family Merck also the members of the executive board are fully and privately liable for the company (including a period after withdrawal). Also the German football club Borussia Dortmund uses this corporate organization (as Borussia Dortmund GmbH & Co KGaA ) for its professional football team as part of its compliance with the " 50+1 rule ". Hong Kong offers two forms of limited partnerships, namely limited partnerships governed by
8085-407: The partners to decide upon when a partnership is formed. There were concerns that automatically making partnerships separate legal entities would restrict their ability to trade in some European countries and also expose them to different tax regimes than expected. The Legislative Reform (Private Fund Limited Partnerships) Order 2017 made provision for partners to register their limited partnership as
8190-472: The partnership). The Limited Partnerships Act 2008 replaces Special Partnerships that exist under Part 2 of the Partnership Act 1908. Special partnerships are considered obsolete as they do not provide the appropriate structure preferred by foreign venture capital investors. Features of Limited Partnerships include: The registers of Limited Partnerships and Overseas Limited Partnerships are administered by
8295-423: The previous home season between Kezar and Candlestick, the Raiders moved exclusively to Candlestick Park in 1961, where total attendance for the season was about 50,000, and finished 2–12. Valley threatened to move the Raiders out of the area unless a stadium was built in Oakland, but in 1962 the Raiders moved into 18,000-seat Frank Youell Field (later expanded to 22,000 seats), their first home in Oakland. It
8400-646: The qirad but whether the qirad transformed into the commenda, or the two institutions evolved independently cannot be stated with certainty. In the Mongol Empire , the contractual features of a Mongol- ortoq partnership closely resembled that of qirad and commenda arrangements, however, Mongol investors were not constrained using uncoined precious metals and tradable goods for partnership investments and executed money-lending. Moreover, Mongol elites formed trade partnerships with merchants from Italian cities, including Marco Polo 's family. Colbert's Ordinance (1673) and
8505-423: The same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership. As in a general partnership, the GPs have actual authority, as agents of the firm, to bind the partnership in contracts with third parties that are in
8610-424: The season ended for remarking "I finally began to feel that we weren't losers." Davis then promoted offensive coordinator Hue Jackson to the head coaching position in his first public appearance since November 2009. The physically frail, but still sharp Davis explained his decision to fire Cable by saying "If .500 isn't losing, then I don't know what losing is." Some critics also argued that the Raiders failed to win
8715-477: The season progressed. A three-game losing streak in December badly harmed their playoff chances, but up to Week 17, they remained in contention to clinch the division. However, the Raiders lost a must-win game at home to San Diego and so for the ninth year in a row failed to make the playoffs or produce a winning record. Despite rumors of selling the team, Al Davis's family indicated that they would retain ownership. At
8820-483: The season was somewhat ameliorated by the fact that four of the Raiders' five wins were against opponents with above-.500 records. At the end of their 2009 campaign, the Raiders became the first team in NFL history to lose at least 11 games in seven straight seasons. In 2010, the Raiders had a better draft than those of the previous years and also cut the underachieving Jamarcus Russell in May after he showed up to minicamp overweight. Replacing him as starting quarterback
8925-722: The station later became KNBR ), with Bud (Wilson Keene) Foster handling play-by-play and Mel Venter providing color analysis. Foster, the "Voice of the California Golden Bears", had a long career in radio, 1945–1955 as the "Voice of the Oakland Oaks" of the defunct Pacific Coast League; Foster was the first 1946–1949, 1951–1953, "Voice of the San Francisco 49ers". After the 1962 season, Foster would only call CAL (University of California at Berkeley) football until his retirement. Raider games, 1963–1965 were heard on KDIA 1410 AM, with Bob Blum and Dan Galvin. In 1966. KGO Radio 810 signed
9030-432: The team announced the return of Art Shell as head coach. In announcing the move, Al Davis said that firing Shell in 1995 had been a mistake. Under Shell, the Raiders lost their first five games in 2006 en route to a 2–14 finish, the team's worst record since 1962. Oakland's offense struggled greatly, scoring just 168 points (fewest in franchise history) and allowing a league-high 72 sacks . Wide receiver Jerry Porter
9135-581: The team opened 2011 in Denver for their first prime-time appearance in three years. On a rain-slicked Monday night, Oakland won an extremely sloppy game 23–20 after repeated penalties and Broncos mistakes. Kicker Sebastian Janikowski also booted a 63-yard field goal for only the third time in NFL history. In Week 2, the Raiders lost a wild shootout match in Buffalo 38–35, beat the Jets 34–24, and then lost to New England 31–19 for
9240-451: The team's third general partner—the partner in charge of football operations. On the field, the team Davis had assembled and coached steadily improved. With John Rauch (Davis's hand-picked successor) as head coach, the Raiders won the 1967 AFL Championship , defeating the Houston Oilers 40–7. The win earned the team a trip to Super Bowl II , where they were beaten 33–14 by Vince Lombardi 's Green Bay Packers . The following two years,
9345-427: The team, Valley received a $ 400,000 loan from Buffalo Bills founder Ralph Wilson , equivalent to $ 4.12 million in 2023. After the conclusion of the first season Soda dropped out of the partnership, and on January 17, 1961, Valley, McGah and Osborne bought out the remaining four general partners. Soon after, Valley and McGah purchased Osborne's interest, with Valley named as the managing general partner. After splitting
9450-467: The team, and Davis—who now owned only 25 percent of the Raiders—was firmly in charge. The Raiders beat Pittsburgh in a revenge match on the season opener and continued to cement their reputation for hard, dirty play by knocking WR Lynn Swann out for two weeks in a helmet-to-helmet collision. Al Davis later tried to sue Steelers coach Chuck Noll for libel after the latter called safety George Atkinson
9555-413: The trade for Palmer complete, Kyle Boller was still needed to start their Week 7 matchup with the Kansas City Chiefs. During the contest, Boller threw three interceptions to open the game while Palmer replaced him early in the second half. However, he also threw three interceptions, and the Raiders lost to the Chiefs 28–0. With the AFC West extremely weak, the Raiders vacillated between 3rd and 1st place as
9660-553: The yet-unnamed Minneapolis franchise accepted an offer to join the established National Football League as an expansion team (now called the Minnesota Vikings ) in 1961, sending the AFL scrambling for a replacement. At the time, Oakland seemed an unlikely venue for a professional football team. The city had not asked for a team, there was no ownership group and there was no stadium in Oakland suitable for pro football (the closest stadiums were in Berkeley and San Francisco ) and there
9765-610: Was Jason Campbell , traded from Washington. The outlook for the team improved, but it was not apparent after they opened by suffering a 38–13 rout in Tennessee. Returning to Oakland, the Raiders defeated St. Louis and then lost a 21–20 game in Arizona. After a home loss to Houston, they beat their division rival Chargers 35–27 for the first time in seven years, and then lost the "Battle of the Bay" to San Francisco. The Week 7 game in Denver set records as
9870-465: Was a temporary home for the team while the Oakland–Alameda County Coliseum was under construction. Under Marty Feldman and Red Conkright —the team's second and third head coaches since entering the AFL—the Raiders finished 1–13 in 1962, losing their first 13 games (and making for a 19–game losing streak from 1961 and 1962) before winning the season finale, and attendance remained low. After
9975-645: Was already a successful NFL franchise in the Bay Area in the San Francisco 49ers . However, the AFL owners selected Oakland after Los Angeles Chargers owner Barron Hilton threatened to forfeit his franchise unless a second team was placed on the West Coast. Accordingly, the city of Oakland was awarded the eighth AFL franchise on January 30, 1960, and the team inherited the Minneapolis club's draft picks. Upon receiving
10080-401: Was benched by Shell for most of the season in what many viewed as a personal, rather than football-related, decision. The Raiders also earned the right to the first overall pick in the 2007 NFL draft for the first time since 1962, by virtue of having the league's worst record. One season into his second run as head coach, Shell was fired on January 4, 2007. On January 22, the team announced
10185-627: Was considerably less successful. Oakland finished 4–12, their worst showing since 1997 . After a late-season loss to the Denver Broncos , a visibly frustrated Callahan exclaimed, "We've got to be the dumbest team in America in terms of playing the game." At the end of the 2003 regular season, Callahan was fired and replaced by former Washington Redskins head coach Norv Turner . The team's fortunes did not improve in Turner's first year. Oakland finished
10290-473: Was furious when he discovered this, and immediately filed suit to have the new agreement overturned, but the court sided with Davis and McGah. That year would see the team achieve a 10–3–1 record and another division title. In the divisional round of the playoffs , they were beaten by the Steelers 13–7 on a play that would later be known as the Immaculate Reception . With a record of 9–4–1 in 1973 ,
10395-429: Was knocked out of the game. The loss of Heyward-Bey inspired the rest of the team, which rallied to tie the game 31–31, and with 4 seconds left, Sebastian Janikowski kicked a 43-yard field goal to win the game 34–31. In the end though, the Raiders finished the 2012 season 4–12. During 2013, there was little apparent sign of improvement as the Raiders once again finished 4–12, including a particularly embarrassing loss to
10500-404: Was lost as long as the trader had not violated the rules of the contract. In contrast, his investment partners on land had unlimited liability and were exposed to risk. A commenda was not a common form for a long-term business venture as most long-term businesses were still expected to be secured against the assets of their individual proprietors. As an institution, the commenda is very similar to
10605-477: Was named as his interim replacement, and officially signed as the 17th head coach of the Oakland Raiders on February 3, 2009. Their finish to the 2008 season would turn out to match their best since they lost the Super Bowl in the 2002 season. However, they still finished 5–11 and ended up third in the AFC West , the first time they did not finish last since 2002. They produced an identical record in 2009; however,
10710-512: Was plagued by fumbles and dropped passes, and did not score a touchdown until near the end. On the bright side, defensive performance was decent and helped contain the Chargers' passing game. After another miserable loss in Miami, the Raiders returned home to take on Pittsburgh in Week 3. In the 4th quarter, trailing by 10, wide receiver Darrius Heyward-Bey collided with Pittsburgh safety Ryan Mundy and
10815-448: Was present in Arabia at the time of the coming of Islam ( c. 700CE ), and this became codified into Islamic law as Qirad . In medieval Italy , a business organization known as the commenda appeared in the 10th century that was generally used for financing maritime trade. In a commenda, the traveling trader of the ship had limited liability, and was not held responsible if money
10920-538: Was ruled that Brady had pump faked and then "tucked" the ball into his body, which, by rule, cannot result in a fumble – though this explanation was not given on the field, but after the NFL season had ended). The Patriots retained possession of the ball, and drove for a game-tying field goal. The game went into overtime and the Patriots won, 16–13. Shortly after the 2001 season, the Raiders made an unusual move that involved releasing Gruden from his contract and allowing
11025-434: Was tragically injured by a hit from Raiders FS Jack Tatum and was left paralyzed for life. Although the Raiders achieved a winning record at 9–7, they failed to qualify for the playoffs. After ten consecutive winning seasons and one Super Bowl championship, John Madden left the Raiders (and coaching) in 1979 to pursue a career as a television football commentator. His replacement was former Raiders quarterback Tom Flores ,
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