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Will we ever see a publicly traded franchise in a major American sport?
Posted on 3/17/15 at 9:59 am
Posted on 3/17/15 at 9:59 am
Fan owned franchises are popular and widespread in European soccer clubs, and I find it interesting that it hasn't spread to the United States.
Link discussing fan owned clubs
I know it is unpopular among the leagues and the owners would likely shoot it down, but the idea is intriguing from both a fan and an investment perspective.
You'd have to think the potential financial windfall of going public would be of great interest to owners, particularly in the NFL and NBA with the recent obscene valuations we've seen.
ETA: I'm talking about a for-profit, publicly traded franchise. Apparently that wasn't clear in the OP.
Link discussing fan owned clubs
I know it is unpopular among the leagues and the owners would likely shoot it down, but the idea is intriguing from both a fan and an investment perspective.
You'd have to think the potential financial windfall of going public would be of great interest to owners, particularly in the NFL and NBA with the recent obscene valuations we've seen.
ETA: I'm talking about a for-profit, publicly traded franchise. Apparently that wasn't clear in the OP.
This post was edited on 3/17/15 at 10:12 am
8
Posted on 3/17/15 at 10:00 am to slackster
You mean like the Green Bay Packers?
Posted on 3/17/15 at 10:00 am to slackster
You mean like the Green Bay Packers?
Posted on 3/17/15 at 10:07 am to slackster
Pro sports franchises are just a toy for the super wealthy here in the U.S. I don't see any owner here wanting to give up the control that comes with going public.
Posted on 3/17/15 at 10:11 am to slackster
I would argue they are not a true corporation nor are they publicly traded. They are not required to have a CPA firm audit their financials for public trade purposes, nor is their stock readily available to the public (I think you have to live in Green Bay to purchase it).
Posted on 3/17/15 at 12:19 pm to slackster
The Celtics used to be publicly traded. They went private 10-15 years ago.
Posted on 3/17/15 at 12:43 pm to slackster
quote:
ETA: I'm talking about a for-profit, publicly traded franchise. Apparently that wasn't clear in the OP.
I doubt it, there is too much potential for insider trading. Imagine a team signs someone like LeBron and he buys their stock knowing it would go up when his signing is announced, he could then sell once his signing is announced and clean up. Then after he signs he could short the stock, get hurt and then clean up when the stock crashes. Players could make way more doing this than actually playing. They wouldn't even have to do the investing themselves, they could work with hedge fund managers and investment bankers and then take a % of the profits. That is just what players could do, trainers could be paid millions for tips. You would run into the same issues you get with legalized gambling on pro sports but it has the potential to be 100x worse.
This post was edited on 3/17/15 at 12:46 pm
Posted on 3/17/15 at 2:27 pm to slackster
You mean like the Green Bay Packers?
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