I like how all these people are second guessing an expert such as Phil. The man started one ball company, made it a success and then walked away on his terms (my guess is with a nice bit of change in his pocket). Not content to sit on his duff for the next 30 years, he bought a small company, and turned it into a very well known name. He doesn't strike me as a guy in it for the money, he wants his company to succeed, if he thought Columbia wouldn't give him a great chance to succeed he wouldn't have made the move. Phil essentially rented space from Storm, all the materials and designs were owned by Dynothane, I see this as being a similar arrangement.
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What are you gonna do? Beat me with your Jesus stick?