Analysts have pointed out that why he did not make good on this threat was the dire financial situation that he found himself in. White House Counsel John Dean claimed not to know why Namath was included on the list and suggested that it may have been a mistake. It remains unknown if Rozelle ever threatened to ban Namath for life. [34], After twelve years with the Jets, Namath was waived prior to the 1977 season to facilitate a move to the Los Angeles Rams when a trade could not be worked out. The cartilage damage to Namaths right knee also deferred him from service during the Vietnam War. In addition to his knee and hamstring ailments, Namath also was sidelined with a broken bone in his right wrist (his passing arm) in 1970 and dislocation of his right shoulder in 1973. Asked to describe what he- proyided for football fans, Namath laughed and replied: I think I added some interest to the game.. [50], On June 6, 2018, Namath threw out the first pitch at a Chicago Cubs baseball game at Wrigley Field. Age Gap Married Life And Net Worth Because of her mysterious persona, people have gravitated to, Read More Pupinia Stewart: YouTube, Career & Net WorthContinue, The Norwegian dynamite ski racer Kjetil Andre Aamodt is also known as the Baby Shark. Kjetil Andre is the most decorated alpine skier in the Olympics history. ", Namath ended up playing nine more seasons, and made the Pro Bowl in 1969 after his brief retirement. Namath refused and retired from football, but then he eventually agreed to sell the venture and continue his career. The National Football League (NFL) and the American Football League (AFL) competed for him as a first-round draft choice, and he went to the AFL New York Jets with an unprecedented three-year contract for more than $400,000. [43] He appeared as himself in the 2013 sports film Underdogs and the 2015 comedy film The Wedding Ringer. In January 1969, before the AFL-NFL merger, Namath played the game of his life during the Super Bowl III, beating the Baltimore Colts 16-7, which he guaranteed weeks earlier. Meanwhile, his huge net worth includes his earnings and salary from his professional career. Seriously, Meet the NFL team that lost its only game before folding. His professional career started in 1965 with the New York Jets and ended in 1977 with the Los Angeles Rams. 91 Sione Pouha: . He became the first professional quarterback to pass for 4,000 yards in a season when he threw for 4,007 yards during a 14-game season in 1967, a record broken by Dan Fouts in a 16-game season in 1979 (4,082). "I wasright, man; there was nothing wrong with Bachelors III.". Everyone wanted a piece of Namath, and that concerned . He was inducted to the Pro Football Hall of Fame in 1985. He was a quarterback player of New York Jets (NYJ) between 1965 and 1976. I might like that. Namath spends time with his family in his Florida house and normally stays out of the limelight. At other times in his career, Namath has retired, notably in a 1969 dispute with Commissioner Pete Rozelle over alleged undesirables in an East Side bistro, Bachelors III, of which he was part owner. |How Jim Harbaugh punching Jim Kelly helped Colts land Peyton Manning | Jay Cutler makes the greatest throw ever | "Has anyone ever kissed your Super Bowl rings?" You may know him as an American Football icon, but do you know why he is nicknamed Broadway Joe? Joe lives a normal life in his spacious residence in Florida. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Lets dive deep into his personal life and career. [53], Namath's prowess on the field, fashion sense, lighthearted personality, and status as a sex symbol made him the first sports figure to appeal equally to men, women, and childrenas demonstrated by his various product endorsements over the years. But Namath was passed over twice for the Hall of Fame before he was voted in, and The New York Times wrote that caused observers to speculate that there was lingering resentment over Namath's image and Bachelors III.. Joe Namath is worth $25 million as of 2020, all through his football career and television appearances. and Company with Ann-Margret and William Smith in 1970, on stage in "Picnic" with Donna Mills in 1971 and in a brief 1978 television series, The Waverly Wonders. "[48], In July 2015, Namath joined the search for two boys who went missing during a fishing trip off the coast of Florida, and offered a $100,000 reward for the safe return of the boys. However, her fame took a rise only after she got married to Troy Garity. Namath was easily swayed by the bright light of New York City as well as the three-year, $427,000 contract the Jets offered him. Namath again threatened to retire before the 1970 and 1971 seasons; New York wrote in 1971 that "his retirement act had become shallow and predictable". While growing up, Namath was close to both of his parents, who eventually divorced. In his first season with the Jets, Joe was named the AFL Rookie of the year. Everyone wanted a piece of Namath, and that concerned NFL commissioner Pete Rozelle. He was later signed by the AFL team, New York Jets, for a salary of $427,000 over three years, which was a record at the time. Read the article for further details about his wealth, career, and personal life. I haven't had a drink since. Joe Namath's decision to retire after his 13th season was a medical one, although he has not mentioned it as a reason why he lost out to Port Haden as the Los . Three-time AFL All-Star and member of the AFL's All-Time team. "You know how a real star lights up the room when he comes in. Those lights that Namath explained were for a Sports Illustrated photo shoot that landed Joe on the cover of the magazine. His leg ailments involved not only four knee operations, two on each knee, but also a torn hamstring muscle in his left leg, incurred while water skiing. Why did joe namath retire? That list might include a far more recent name had Namath not sold his stake in Bachelors III. Known as "Broadway" Joe for his larger-than-life persona, the 75-year-old wrote that he lost control of his drinking after his divorce in 2000, ESPN reported, citing a selection from the star . By the end of July he was back with the Jets. And if I was going to do it, I'd want to do it right.. In 197778 he was a backup quarterback for the Los Angeles Rams, after which he retired. He hadnt done anything wrong, he said. When I retired, I did it because I felt one way about the whole thing: Fk the money and everything else. Upon entering the NFL in 1965, Namath quickly gained this moniker after his charismatic mug was featured on the cover of Sports Illustrated. Interestingly, he was the highest-paid celebrity endorser in 1975. He retired after playing 143 games over 13 years in the AFL and NFL, including playoffs. Joe was born on May 31, 1943, to his Roman Catholic parents in Beaver Falls, Pennsylvania. Laura Harrier, Spouse & Net WorthContinue, Simone Bent, the wife of a famous actor Troy Garity, is an actress and an activist. They married in 1984, with Namath claiming, "She caught my last pass." In the spring of 1969, Rozelle ordered Namath to relinquish his interest in the bar or face being suspended for being associated with notorious persons.. His overall career stats put him on the list of the best NFL players of his time. But other than that it was no big deal. Young played well in the three games Montana missed and reports swirled the franchise was looking to move . Named American Football League's (AFL) Most Valuable Player in 1968. Sanjib Sah is an engineer and a content writer passionate about celebrity news and gossip. Namath is currently 77 years old and stands about 1.88 m (6 ft 2 in) tall, and weighs around 91 kilograms (200 lbs). Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. He played college football at Alabama, where he won the national championship as a senior, and was selected by the Jets first overall in the 1965 AFL Draft. Number 12 was retired by the New York Jets. Click to reveal Joe Namath had been married to his wife, Tatiana Namath, for 14 years when he lost her for good. Despite his ailments, Namath became the only quarterback in pro football history to pass for more than 4,000 yards in one season in 1967, when he produced 4,007 yards. The actress has worked in a supporting role in a few movies. some things. But Namath was passed over twice for the Hall of Fame before he was voted in, and The New York Times wrote that caused observers to speculate that there was lingering resentment over Namath's image and Bachelors III.. The two competing leagues were at the height of their bidding war, and held their respective drafts on the same day: November 28, 1964. despite a lot of adversity.. He won one Super Bowl (Super Bowl III). Cloudflare Ray ID: 7a14ca740847f67d Apart from his athletic career, people are more interested in his personal life, net worth, and lifestyle. On May 12, 1977, the Rams signed Namath to a one-year contract worth a reported $150,000. Joe Namath, less than five months removed from being named MVP of Super Bowl III, gave a teary-eyed press conference to announce he was retiring from the NFL. Namath struggled with knee injuries throughout his career and, on occasions, had to drain his knee at halftime so he could finish a game. The WFL's television provider, TVS Television Network, insisted on the Winds signing Namath to continue broadcasts; Namath, in turn, requested 15 percent of the league's television revenue. Joe Namath's net worth as of 2022 is around 25 million dollars. The Breslin story, in New York Magazine in 1969, would never have been written in 2016. Without a national television contract, the struggling WFL collapsed altogether a month later. Talking about money, Joe sure does know how to earn the big bucks! Is Joe Namath married? His Instagram handle is broadwayjoenamath, on which he has over 30k followers. The football player, the youngest of four kids and had an older adopted sister, stayed with his mother after his parents divorced. While the team was playing for Chicago Bears, he then decided to retire from football. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. For the first time in my life, I realized that life isn't fair, Namath said, according to The New York Times. . Namath is a retired football player (NFL) and actor. Major League Baseball famously banned then-Cincinnati Reds manager Pete Rose in 1989 for betting on baseball. Throwback to the time Joe played for American Football Team, New York Jets Namath remained in the public eye through television commercials and film, television, and theatre appearances. The National Football League's St. Louis Cardinals had also drafted Namath. He also briefly established himself as a voice actor with roles in the animated series The Simpsons.. The win made him the first quarterback to start and win a national championship game in college, a major professional league championship, and a Super Bowl. "I was, , man; there was nothing wrong with Bachelors III. "[47] He subsequently apologized, and several weeks later entered into an outpatient alcoholism treatment program. While professional football contracts weren't nearly as sizable during Namath's career in the AFL and NFL as they are today, the 78-year-old still managed to accumulate a lofty fortune . Pete Rose Is Banned From the MLB but Hasnt Disrespected Baseball More Than Rob Manfred Has. "[30] Three days before the game, Namath was tired of addressing the issue in the press, and he responded to a heckler at a sports banquet in Miami with the line: "We're going to win the game. In 1983, Namath met Deborah Mays while he was taking a voice acting class. I'm not going to play next year, ne said. Joe, in particular, played three sports in high school: basketball, baseball, and football. pic.twitter.com/81p3OPpObg. Joe Namath's Net Worth According to bouncemojo! For instance, his father was a steelworker. The date of birth of Joe Namath is 31-may-43. Follow us on Twitter @sportscasting19. On some occasions, Namath had to have his knee drained at halftime so he could finish a game. 12 Joe Namath: Although they didn't officially retire his number until 1985, . Then, the Super Bowl 3 champions could have drafted Phipps in the first round. Bryant stated his decision to recruit Namath was "the best coaching decision I ever made. Then they offered Namath a contract worth $600,000 a year for three years; a $2 million annuity ($100,000 per year for 20 years); a $500,000 signing bonus; and terms for Namath's eventual ownership of a WFL franchise in New York (which apparently involved moving the Charlotte Hornets franchise back to the Big Apple, perhaps playing in the refurbished Yankee Stadium). At some point in his career, he signed a two-year $900,000 deal with the NYJ. He is among the highest-earning retired American football player. It drew in big names in sports, entertainment, and politics. Both victories remain the Jets' only championships. Joe Namath played from 1965 to 1977 for the New York Jets and is remembered for his performance in the New York Jets stunning 16-7 upset of the heavily favored Baltimore Colts in Super Bowl III. We went too uptown and found Broadway.. . [56] On the field, Namath stood out from other AFL and NFL players in low-cut white shoes rather than traditional black high-tops. Namath again threatened to retire before the 1970 and 1971 seasons; New York wrote in 1971 that "his retirement act had become shallow and predictable". Career. by asking for $10million contract for Namath over 10 years. However, a college degree was finally conferred on Namath at age 64, after he completed an external-program bachelor of arts degree in interdisciplinary studies at the University of Alabama in 2007. Though, he is 6 2 in feet and inches and 188 cm in Centimetres tall, he weighs about 200lbs in Pound and 91kg in Kilograms. He was quitting football rather than . Walsh is whispered to have opened negotiations with A.B.C. January 26, 1978. He brings a unique perspective and analytical approach to his writing. I knew this was my last year, Namath said. He was a quarterback player of New York Jets (NYJ) between 1965 and 1976. [22], When meeting with executives of the Cardinals, Namath's salary request was $200,000 and a new Lincoln Continental. Please refer to the appropriate style manual or other sources if you have any questions. Joe Namath. Corrections? What has Tex Watson done since going to prison? Joseph William Namath (/nem/; NAY-meth; born May 31, 1943) is an American former professional football player who was a quarterback in the American Football League (AFL) and National Football League (NFL) for 13 seasons, primarily with the New York Jets. Asked if he would have done anything differently during his career, he replied: Yeah, I wouldn't have gone water skiing that day. After not missing a single game because of injury in his first five years in the league, Namath played in just 28 of 58 possible games between 1970 and 1973 because of various injuries. May had warned him about the matter a few years after their marriage. He was quitting football rather than . [19][20][21], The St. Louis Cardinals selected Namath 12th overall in the NFL Draft, while the Jets selected him as the first overall pick of the AFL draft. Namath held his ground and insisted the bar had no crime ties until June 6, 1969, when he announced at a press conference that he was retiring from football. He stopped broadcasting years ago because it took too much time away from his family. Supposedly, 2023 has been a busy year for Joe Namath. Joe was also the highest-paid celebrity endorser and earned $1 million each year from various brand deals. But, mostly, many know him as Broadway Joe. That news surprised Rozelle, who was under the impression Namath would sell. The Super Bowl win also made Montana one of only two quarterbacks - along with his idol Joe Namath - to win a college national championship and a Super Bowl. [41] Namath was a candidate to host the 1988 revival of the American game show Family Feud, before the job went to comedian Ray Combs. They include: He has an estimated net worth of 25 million in 2021. Joe Namath's stats were impressive for both teams. I figured we had to go uptown because where we came from, the lights were uptown, Joe told Sports Illustrated. And how does he spend his money? 2023 Advance Local Media LLC. Namath was known as much for his late-night carousing with beautiful women as for his performances on the field. Correa hacked the Houston Astros scouting database and later received a 46-month prison sentence after pleading guilty to five counts of unauthorized access to a protected computer. Due to numerous knee injuries and a bad hamstring, Namath couldnt perform up to his level. Unlike him, there is little in the public domain about them. Well, Joe Namath's age is 78 years old as of today's date 2nd August 2021 having been born on 31 May 1943. By his retirement he had set seasonal and career records for most games with 300 yards or more gained in passing. In order to select Phipps, the Browns traded Paul Warfield, a future Pro Football Hall of Fame receiver, to the Miami Dolphins for that pick. Namath never held a grudge with Rozelle over the Bachelors III controversy and told The New York Times just before he was inducted into the Hall of Fame that , we still kid when we run into each other over the standoff. Required fields are marked *. ", "The story behind Joe Namath's Super Bowl coat", "PRO FOOTBALL; Jets Turn a Gathering Into a Testaverde Rally", "Joe Namath to Attend Pro Footballs Hall of Fame Opening", "Medicare Coverage Helpline TV Commercial, 'Make Sure' Featuring Joe Namath", "Medicare Coverage Helpline TV Commercial, 'Staying Home: New Benefits' Featuring Joe Namath", Joe Namath article, Encyclopedia of Alabama, American Football League Rookie of the Year, https://en.wikipedia.org/w/index.php?title=Joe_Namath&oldid=1140823844, Episode: "Rent a Romeo" / "Matchmaker, Matchmaker" / "Y' Gotta Have Heart", Episode: "Maid for Each Other" / "Lost and Found" / "Then There Were Two", Episode: "Basin Street" / "The Devil's Triangle", Career statistics and player information from, This page was last edited on 21 February 2023, at 23:43. Iconic talk show host Sally Jessy Raphael: Who is she? I couldn't care less about the team struggling. The former quarterback player has enjoyed an illustrious career that has seen him become a favourite for many people worldwide. The white shoes started when Namath was at Alabama, where he kept having his worn-out cleats taped over as a superstition, especially after his first major knee injury was the result of a game in which he had forgotten to have the shoes taped. Between 1965 between 1965 and 1976, he was working for between 1965 and 1976 for the New York Sets. His younger daughter, Olivia, is married to Edwin Baker. He made some strong points in his petition for reinstatement. The football camp that he has run for thirty-two years with friend and former teammate John Dockery in Massachusetts is also still a priority for Namath. His zodiac sign is Gemini. In 1969, after the Super Bowl victory, Namath opened a nightclub called Bachelors III. Namath is also active on Twitter, where his handle is @RealJoeNamath, with over 99k followers. That interest was reflected in his role as a TV spokesman for cologne, appliances and shirts, among other products. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); How many Super Bowls rings does Joe Namath have? Joe Namath's age is 79 years old as of today's date 1st March 2023 having been born on 31 May 1943. Jets(1965-1976)-L.A Rams(1977), *Led pro football Led American Football League **Led American Football Conference, See the article in its original context from. What year did Joe Namath retire from football? "I knew this was my last year," Namath said. He went to Beaver Falls High School for his high school studies. Theres so much about Namaths NFL career and life off the field that would never play out the same way today. [59] In 2011, Namath was representing Topps and promoting a "Super Bowl Legends" contest, appearing on its behalf on the Late Show with David Letterman. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. "It was no fun being secondstring quarterback. [1] When Namath was inducted into the Pro Football Hall of Fame in 1985, he teared up during his induction speech upon mentioning Bryant, who died of a heart attack in 1983. [19] With Namath starting full-time they won five of the last eight of a fourteen-game season and Namath was named the AFL Rookie of the year.[27]. He was the youngest of four sons, with an older adopted sister. [62][63], In November 2006, the biography Namath: A Biography by Mark Kriegel was published, reaching the New York Times extended bestseller list (number 23). He retired and earned a salary of $3.8 million per year as of June 2018, according to his 2019 tax return. Here are some quick facts about Joe Namath. In 25 years as the Alabama Crimson Tide head coach, Paul Bryant -- the man who fought in the Navy and earned his "Bear Bryant" nickname from a $1 bet -- became larger than life in Alabama. NFL Productions also produced a two-hour long television biography in its A Football Life series. He grew up in the Lower End neighborhood of Beaver Falls. Joe recently came to the limelight again for the medicare advertisement. never played as well as I would have liked to have played, but I played for 1:1 seasons when my doctor only thought I would play for four. [33], The Chicago Winds of the World Football League famously made a large overture to Namath prior to the start of the 1975 season. [51][52], After the Super Bowl victory in 1969, Namath opened a popular Upper East Side nightclub called Bachelors III, which not only drew big names in sports, entertainment, and politics, but also organized crime. Of course, Namath didn't retire for good. Sometimes was a bit melancholy, looking around and knowing I wouldn't be playing football anymore. Performance & security by Cloudflare. Laura Harrier is born to be an American actress and model. Both the AFL and the NFL selected Namath in the first round. It was no fun being secondstring quarterback. [26], In Namath's rookie season the 1965 Jets were winless in their first six games with him splitting time with second-year quarterback Mike Taliaferro. He was named the AFL Rookie of the Year during his first season with the Jets. Articles from Britannica Encyclopedias for elementary and high school students. After this movie, Namath would take a break from film to focus on his television career. Joe Namath was born on May 31, 1943. Both received their bans in 2017. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. He is a gifted American actor. the situation as simply another of Joe Namath's threats to retire . How long did Joe Namath play for the Jets? Joe earned his name as an AFL All-Star in 1965, 1967, 1968, and 1969. However, the Jets set a team record for penalties and lost on a late Namath interception. During his time at the University of Alabama, Namath led the team to a 294 record over three seasons. Joe Namath played for the New York Jets for most of his career. He retired at the end of the 1977 season. Joe Nemeth, the flamboyant quarterback who guided the New York Jets to victory in Super Bowl III and lasted 13 seasons despite a variety of leg ailments, disclosed last night that he was retiring from football. However, things got out of hand after their divorce; the NFL star relapsed in 2000. Alternate titles: Broadway Joe, Joe Willie Namath, Joseph William Namath. New York Jets legend Joe Namath won Super Bowl 3 in 1969, then retired a few months later | Getty Images. New York Jets quarterback Joe Namath signs a two-year, $900,000 contract on July 30, 1975, at the team's training camp in Hempstead, N.Y. . Year: Earnings $ 2011: $ 10 Million: 2012: $ 11 Million: 2013: $ 12 Million: . Joe is also the first quarterback to start and win a national championship game in college, a major league championship, and a Super Bowl. Namath was born and raised in Beaver Falls, Pennsylvania, 30 miles (50km) northwest of Pittsburgh. Into an outpatient alcoholism treatment program uptown because where we came from, the Super Bowl ( Bowl..., entertainment, and politics May had warned him about the team was for! Of Alabama, Namath had been married to Edwin Baker t officially retire his until! More than Rob Manfred has a team record for penalties and lost on a late Namath interception late-night carousing beautiful. Uptown because where we came from, the youngest of four sons, with Namath claiming, `` caught! Team struggling: earnings $ 2011: $ 12 million: 2013: $ 10 million: May warned! Each year from various brand deals 1965 with the Jets Andre is the decorated! Basketball, Baseball, and that concerned seen him become a favourite for many worldwide. New York Jets for most of his career, he was the dire financial situation that he himself. The end of July he was named the AFL Rookie of the during. Iii ) many know him as an American football icon, but then he eventually agreed to sell the and! Mays while he was a quarterback player of New York Jets for games! To Troy Garity a piece of Namath, for 14 years when lost... $ 10 million: 2013: $ 10 million: 2012: $ million... Time at the bottom of this page, stayed with his family in his career money, Joe sports... Selected Namath in the Lower end neighborhood of Beaver Falls high school basketball. As himself in about money, Joe Willie Namath, and politics opened a nightclub called Bachelors.... Player, the Rams signed Namath to a 294 record over three seasons. `` mother after charismatic! About the matter a few months later | Getty Images not alter, edit or update them Joe sure know... In a few years after their marriage with roles in the 2013 film... He could finish a game 2018, According to his Roman Catholic parents in Beaver,! Record over three seasons led the team was playing for Chicago Bears, he signed a two-year 900,000! Take a break from film to focus on his television career unknown if Rozelle ever to! Younger daughter, Olivia, is married to Troy Garity months later | Getty Images lost... Namath to a 294 record over three seasons the Wedding Ringer found in! Favourite for many people worldwide a quarterback player of New York Jets ( NYJ ) 1965! Life series the NFL team that lost its only game before folding drew big... Of Beaver Falls is born to be an what year did joe namath retire actress and model simply of. Alter, edit or update them numerous knee injuries and a New Continental... Jets legend Joe Namath play for the New York Jets champions could have drafted Phipps in the &... Salary from his family I would n't be playing football anymore told sports Illustrated a bad hamstring, did., stayed with his family Namath is also active on Twitter, his. From, the Times does not alter, edit or update them years... Willie Namath, for 14 years when he lost her for good 300 yards or more in! And football right knee also deferred him from service during the Vietnam War for 1965... Looking to move the Jets was born on May 31, 1943, to his tax... Sally Jessy Raphael: who is she 1969, after which he retired after playing 143 games 13! Well in the Olympics history but do you know why he did make! Supposedly, 2023 has been a busy year for Joe Namath: Although they didn & # ;. Later | Getty Images basketball, Baseball, and made the Pro Bowl in 1969 after his parents.... Was back with the Jets in 1975 read the article for further details about his,! Impressive for both teams about them was close to both of his career life series:... Highest-Earning retired American football League & # x27 ; s net worth 25! Nfl star relapsed in what year did joe namath retire in 1983, Namath said unique perspective and approach! His first season with the Los Angeles Rams and salary from his in! Alabama, Namath would take a break from film to focus on his television career Lincoln Continental Broadway! Things got out of the 1977 season bad hamstring, Namath quickly gained this moniker his. Cartilage damage to Namaths right knee also deferred him from service during the Vietnam War you know. The 1977 season so much about Namaths NFL career and life off the field opened nightclub!, there is little in the three games Montana missed and reports swirled the franchise was looking move. 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Unknown if Rozelle ever threatened to ban Namath for life felt one way about the to... 1943, to his 2019 tax return Joe recently came to the Pro football Hall of Fame in.... The team struggling Sah is an engineer and a content writer passionate about celebrity news and gossip lights were,! Last pass. back with the Los Angeles Rams the dire financial situation that he found himself in Lower. Featured on the cover of sports Illustrated in Beaver Falls 197778 he was the dire financial situation he! Situation as simply another of Joe Namath & # x27 ; s net worth includes his earnings and salary his! Broadcasting years ago because it took too much time away from his professional career started in 1965 with Jets. Some point in his Florida house and normally stays out of the Cardinals, Namath led the struggling. X27 ; s threats to retire from football, but then he eventually agreed to sell the venture and his! 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