Staubach Scores w/$700M Real Estate Co. Buyout

Things seem to be rolling Roger Staubach’s way. First, his Navy Midshipmen finally beat Notre Dame for the first time since Roger was under center in Annapolis. Now, the ex-Cowboys QB is about to become $700 million richer.

Roger Staubach corporate suit

FORBES reports that the Staubach Company, Roger’s real estate services firm, is about to be purchased by a larger conglomerate for a sum about as handsome as he is:

Under terms of the deal, Jones Lang LaSalle will pay $613 million over a five-year period for the Dallas-based company, with $123 million in cash and $100 million in stock at closing. Possible performance bonuses, or earn-outs, total $114 million.

And with the acquisition, Roger will also be getting a new office space:

Staubach will join JLL as executive chairman, and Staubach CEO Greg O’Brien will become CEO of brokerage in the Americas for JLL.

But what of Roger’s 1600 employees? Some of them are already taking steps to secure employment elsewhere:

As is usually the case with such mergers, brokers in rival companies are insisting that they are inundated with résumés from disgruntled brokers at Staubach rushing to find a new place for themselves. “There will be a substantial defection from Staubach,” insisted one broker at a New York firm. “There are no golden handcuffs.”

We’re sure there’s still some handcuffs around for the more kinky brokers.

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