Pro Football Talk has an article out this afternoon that details the NFL's issues with the Titans ownership structure. Click on the link to read the full thing. In short, the NFL doesn't like that the Titans don't legally have a controlling owner. The family has given Amy Adam Strunk control, but that is not enough.
From the PFT article:
The league regarded the written consent to make Strunk the owner a useful interim step, but the league also does not believe that the move goes far enough over the long haul. Which is why the NFL is expecting something more.
Florio goes on to say that they could fix the problem by Amy Adam Strunk buying the other two-thirds of the franchise. The Bills recently sold for over $1 billion. That means Strunk would need to come up with around $700,000 in cash to buy the others out. Who doesn't have that cash lying around?
Also, the other people involved would have to be willing to sell to her. We have no idea if they want to do that.
Look, I don't pretend to understand all of this, and I would be good with this group selling the team, but it doesn't seem right to me that the NFL is putting them through the ringer like this.