Quote:
Originally Posted by trublmaker
Why don't they have a single share sale ala the green bay packers. X number of shares for for a couple hundred where all the money raised goes to the arena cost. I'd buy one
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I suggested this several pages back. That would of course require the team to be sold and agreement from the BoG. Would they? Would be an interesting exercise for sure. In the Green Bay model there are about 5,000,000 shares, with the last public offering being 269,000 shares starting at $250. I figure it would take about $1B to buy out ownership and then build a new arena from cash. So with a $250 per share IPO price, that would mean about 4,000,000 shares.
So how many shares can I put you down for?
Quote:
Originally Posted by Parallex
If the Flames want to try and cry poverty they can go ahead and do that... show the public your audited books before asking for a public bailout (and maybe don't have the guy responsible for producing that outcome, AKA the President of the Company, be the one asking for it).
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I do believe the Flames opened up the books to the City for the purposes of this process.