NASHVILLE, Tenn. -- Interim Tennessee Titans president and CEO Steve Underwood said team ownership has no intention of selling the franchise.

"My sources are the five people who own the team, and to a person they all say the team is not for sale," Underwood told The Tennessean. “They tell me they are not selling. What I am being told is to find a new president to help get our club in a direction moving forward, and those are not the kinds of things that owners do when they are looking to sell.

"There have been no offers. I don't think they would listen to any offers, but no one has made any offers. The owners themselves have made themselves clear the team is not for sale. And they have made that clear to me, the team is not for sale."

Underwood also said he's spoken to coach Ken Whisenhunt and general manager Ruston Webster.

"I have spent the last 72 hours making sure they know understand that we are looking to them for the future in our franchise," he said. "We are expecting great things from both of them."

Underwood was appointed to the position on Friday as Tommy Smith announced he was retiring from the two roles he took on shortly after his father-in-law, Bud Adams, passed away in October 2012.

He claimed he was stretched too thin running the family's other business, KSA Industries in Houston, as well as the Titans. He also cited some health concerns.

But Wyatt reported a few days later that other factions of the family wanted Smith to leave the posts.

Amy Adams Strunk and Kenneth Adams IV are in Phoenix with Underwood for the NFL owners meetings.

Susie Adams Smith, Tommy Smith's wife who's been the controlling owner since the revised ownership was in place, is not with them.