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Baseball Primer Newsblog— The Best News Links from the Baseball Newsstand
Wednesday, November 02, 2011
And give them a complete orthognathiccup makeover while you’re at it!
The LA Dodgers are for sale – the victims of a rich guy’s messy finances and even messier divorce. So? How about offering them first to the community rather than have some rich guy scooping them up? The Green Bay Packers don’t have a single owner but instead millions of us. Shares cost $200 and all you get are bragging rights but it sure is fun to brag and say “I am an owner.” When I cheer for the Packers, I don’t cheer for some rich guy’s team, I cheer for my own team. I don’t live in LA but I would buy a share of the Dodgers so I could also own a baseball team. I bet many of you would buy a share, too. It really enhances the franchise to have the community own the team rather than one single person. I think it would help the franchise. Why not try it? We know it works since it has worked so well in Green Bay. Use Green Bay as a model.
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1. BobT Posted: November 02, 2011 at 01:57 PM (#3984900)CEO: Do you think we should give Aaron Rodgers a contract extension?
Stockholders human mic: DO YOU THINK WE SHOULD GIVE AARON RODGERS A CONTRACT EXTENSION
CEO: Well, should we?
Stockholders: WELL, SHOULD WE?
CEO: Make a decision
(Stockholders wave hands in the air)
There's your answer right there.
I like the idea, but it would require a level of transparency that would terrify Selig and the other owners. So...it will never happen.
edit: cokes and such
Also, public ownership is against MLB by-laws. Its against NFL by-laws too, but the Packers were grandfathered in.
I don't recall there being much issue with financial disclosure, but then again, I wasn't wasting time on BTF then....
owned by Arkansas Travelers Baseball Inc., which was formed in 1960 when Ray Winder led a public stock drive to purchase the New Orleans franchise for a move to Little Rock. The Travs have operated under this ownership structure ever since.
Each share of stock in the Arkansas Travelers is worth $5; the same as its original 1960 price. The stock's price never fluctuates, and all dividends are pledged back to the Travelers for operation of Dickey-Stephens Park.
There are approximately 2,800 stockholders amongst the ownership and the Travs do not accept public requests for stock ownership.
Perhaps minority shares are allowed to be public, but the I think you still need a singular majority owner.
I mean Bud doesn't even like it when you have too many rich people as minority investors, I don't think he'd go for a thousand regular Joes.
I don't know how common it is, but when the Wichita Wranglers were going to relocate, they had a clause that required them to be offered for sale to the city of Wichita. The city refused and the club relocated to Springdale, Arkansas.
Awesome. Actually, the problem with the Dodger shareholder meetings would be that no one would show until it was 1/3 over and everyone would leave before the voting happens.
I was actually working in Cleveland (City of Light, City of Magic) when the shares were sold. It was a standard IPO, albeit with a mostly retail investor base. At the time it seemed like everyone in town bought a piece.
I don't recall the ownership structure (I've tried to forget my years in Cleveland) but *think* it may have been an LP with Jacobs remaining as GP, or some such other 2 tiered structure. I recall reading the OS at the time & being pleasantly surprised by the level & amount of disclosure, but again, memory is hazy.
In any case, while I'm sure Selig disliked the idea, it did go forward.
Anyone with a clearer memory on this deal?
Cleveland (even now, I can remember, cause the Cuyahoga river, goes smokin' through my dreams)
Occupy Lombardi Avenue!
From what I've read, most shareholders have no real voting rights when it comes to publicly owned companies anyway.
It's a trap!
I've never quite understood how English club football ownership works. They have owners in the same sense as North American sports, but the owner doesn't have the ability to pick up and move? (Aside from MK Dons)
I think that they do, but where would any English team move to? That is one saturated market. Also, the clubs are so fiercely identified with a particular locale, they would lose a lot of their support if they moved (see the contoversy about Spurs moving from North London to East London). Anyway, the whole "franchise" thing is incredibly controversial in England and you bring it up at your peril. The important thing to remember is that sports franchises should be like any other aspect of modern American life--those with the cash should rule us with an iron fist for our own good. Now get a job you hippies!
I was at the pub with an English friend of mine on Saturday and made the mistake of saying that in FIFA 11 I was playing a game with Notts County "as my franchise". He gave me the friendly advice to never, ever, EVER use that word in an English pub again.
It differs in the leagues has a very hands-off attitude to whom are allowed to take over clubs, taken to its extreme in Leeds' and Notts County's wholly fictional ownership*. Also, the only way to squeeze a profit out of most of the teams is asset stripping. Also, Peter Ridsdale is considered to be a fit and proper person.
*) Leeds was owned by something that was absolutely not Ken Bates, no further details. Notts County was subject to a faked foreign takeover, leading to Sven-Göran Eriksson's most embarrassing moment**.
**) Somebody should make a definite top 50 list of his embarrassing moments.
Don't let the fact that it's impossible ruin a column topic!
By going the anarchist commune route, of course.
Duh.
Didn't know we had a king, I thought we were an autonomous collective.
You're fooling yourself.
I'm guessing its okay so long as you have a singular majority owner. AFAIK, the Packers don't have that.
IIRC Joan Kroc tried to bequeath the Padres to the city of San Diego, but MLB said no.
Listen: Strange women lying in ponds distributing free agent contracts is no basis for a system of baseball excellence! Solid starting rotations derive from a mandate from the masses, not from some... farcical aquatic stock exchange.
You can't expect to find quality young infielders just 'cause some watery tart threw an option at you!
I mean, if I went 'round, saying I was an MLB owner, just because some moistened bink had lobbed a stock certificate at me, they'd put me away!
D'oh.
I knew I should have spent more time in school studying foreign languages.
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