CEDAR RAPIDS, Iowa (March 5, 2013)—One of the co-owners of the Cedar Rapids, Iowa Titans football team is selling his stake on Craigslist.

The Titans announced earlier this week that owner Mike Polaski is trying to sell his 20 percent stake in the two-year-old Indoor Football League team.

Polaski wrote on Craigslist that a downturn in his business as a restaurant owner is the reason.

He’s asking $80,000 for his stake in the team.

The team's general manager and co-owner, Chris Kokalis, says Polaski was influential in bringing the team to Cedar Rapids.

He said Polaski's decision to sell has no impact on the Titans' daily operations.

The Titans (3-0) were in first place in IFL's United Conference and face the Wyoming Cavalry on Friday.