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re: Will we ever see a publicly traded franchise in a major American sport?
Posted on 3/17/15 at 12:43 pm to slackster
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
0
Posted on 3/17/15 at 2:27 pm to slackster
You mean like the Green Bay Packers?
Posted on 3/17/15 at 3:59 pm to graychef
quote:
Is Green Bay publicly traded? I know anyone can buy stock, but there is no return on that stock, right? Or am I mistaken?
Anybody can buy it, but it isn't transferrable. It can only be bought in your name when the team decides to issue stock (has only happened 5 times in their history)and cannot be traded once purchased. Despite being called stock it doesn't come with the traditional perks of stock including equity interest and it doesn't pay dividends. It's essentially a vehicle the team uses to fund raise (the last two renovations of Lambeau Field have been funded by stock sales). However, stockholders do have voting privileges and have a say in the teams board of directors and president
Posted on 3/17/15 at 4:51 pm to LL012697
Isn't the NFL a non-profit entity?
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