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Regardless of the circumstances behind you all quitting, the fact is that the team was promised to a new owner. To now take this team away from him isn't right in my opinion. As a founding member of the league, I would think that the interest of the league would take precedent over your own interest in your team. If it were me, I would gladly take another open team rather than replacing someone who had already been managing, no matter the length of time involved.
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