Ricketts Offers to Share Cubs

[dew1679666265]

Besides the administration costs, I imagine the legality of bringing that many people in would make things pretty hairy.

 

The Packers did it, didn't they?

 

I don't know how they did it or how reproducable it is, but it seems like it would be in the realm of possibility.

[satxcubfan]

The championships, the tradition, and of course, the frozen tundra of Lambeau Field -- the Packers are a different kind of team. Even more notable is their lack of a traditional owner. Instead of one tightwad billionaire running the show, hiking up prices, and threatening to move the team every season, the green and gold are owned by stockholders.

 

According to the Packers' official site, over 111,000 stockholders own approximately 4,748,000 shares. Stockholders don't receive a dividend from their shares, and no one holder can own more than 200,000 shares (to prevent a crafty maverick from taking control of the team).

 

The benefits of being a stockholder have little to do with making money. Rather, stockholders have certain voting privileges, giving them a voice in the business end of their team. However, a seven-member executive committee governs the team and handles major corporate management issues.

 

So that said, how do you get your finger in the Packers pie? We're sorry to say that you can't. The official word is, "Not only are the Packers no longer selling shares, but existing shares may not be resold or otherwise redistributed." So unless you're already holding stock certificates, your odds of becoming a cheesehead with controlling interest aren't good. And your chances of getting season tickets are even worse -- the average wait is 30 years. :shock: :shock:

[jersey cubs fan]

Besides the administration costs, I imagine the legality of bringing that many people in would make things pretty hairy.

 

The Packers did it, didn't they?

 

I don't know how they did it or how reproducable it is, but it seems like it would be in the realm of possibility.

 

Their system was set-up in the 1920's. My guess is MLB would be heavily against such a stock sale.

[dew1679666265]

Besides the administration costs, I imagine the legality of bringing that many people in would make things pretty hairy.

 

The Packers did it, didn't they?

 

I don't know how they did it or how reproducable it is, but it seems like it would be in the realm of possibility.

 

Their system was set-up in the 1920's. My guess is MLB would be heavily against such a stock sale.

 

Good point, I didn't think about that.

[KingCubsFan]

Besides the administration costs, I imagine the legality of bringing that many people in would make things pretty hairy.

 

The Packers did it, didn't they?

 

I don't know how they did it or how reproducable it is, but it seems like it would be in the realm of possibility.

 

Their system was set-up in the 1920's. My guess is MLB would be heavily against such a stock sale.

And I'm sure the Cubs would be too. They don't want to have to give detailed financial info to the public