A decedent had owned a controlling interest in one company which owned a major league professional sports franchise as well as a controlling interest in a second company which owned various sports and entertainment venue assets (including the venue in which the major league sports franchise played its home games). Certain minority investors held interests in both entities but those interests were of varying percentages. There were also investors in the franchise entity that did not hold ownership in the sports and entertainment venue entity and vice versa. The estate made a decision to sell both the sports franchise business and the sports and entertainment venue business to a single buyer group that wanted to negotiate one price for the collection of assets. We provided a fairness opinion regarding the allocation of the transaction proceeds amongst the ownership of the sports franchise entity and the ownership of the sports and entertainment venue entity.