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It's been tried before, unsuccessfully so far: http://www.cnn.com/TECH/computing/9909/28/love.the.jets.idg/index.html http://www.cnn.com/TECH/computing/9909/28/
by dpapathanasiou 19y ago
It's been tried before, unsuccessfully so far: http://www.cnn.com/TECH/computing/9909/28/love.the.jets.idg/index.html http://www.cnn.com/TECH/computing/9909/28/love.the.jets.idg/...
- transburgh 19y agoThis is more realistic. They dont need $500 million (as stated in your link) to buy a team. If you look at the numbers involved it is much more attainable.
- dpapathanasiou 19y agoI think it's less to do with the amount than post-sale management/operational issues. Imagine the debate over whether or not to sign a particular player, e.g. Still, it's an idea with appeal: it would be great to be a part-owner of my favorite teams.
- transburgh 19y agoEverything is based on majority vote. With over 50,000 voting members there is enough critical mass that it would be hard to sway the results for political reasons.
- dpapathanasiou 19y agoThat might work, if you limit each person to one share of the team (there might be other rules needed, too). Where it would break down is if a handful of people owned most of the shares, leading to factional in-fighting. Most of the leagues (like the NFL in the Jets case), though, don't like this kind of ownership structure. Do you think this group, if it can raise the cash, would be approved?
- transburgh 19y agoI'm actually a member of the group. Each person has only one vote. The group has already been through all the legal entities in England and has been approached by 4 teams that are interested in the investment.
- dpapathanasiou 19y agoWell, good luck with it. If you're successful, I'll hit you up for luxury suite tickets when I'm in the UK ;)