Got $50?

[cusimano_brothers 1,655]

Toronto Star.

[NeverForgetMac25 483]

Quite a concept it was when the soccer club did it a few years ago, and it sure would be interesting if this sort of ownership took off.

Many people don't realize the Green Bay Packers have no owner. The team is owned by shareholders from all over. Granted the team president and CEO is decided by the Board of Directors, who then selects personnel. Not exactly apples to apples, but interesting nonetheless.

[achildr1 255]

That's extremely interesting to me. Only thing is, they want to buy a lower level junior team. I personally feel like if the team wasn't at least a major junior team it would run into a couple problems.Who knows anything about personel/players for low level junior teams? I'm sure enough knowledgable people could come together for a CHL team though.It's a lot harder to follow a team like that then a higher, more publisized league.

I feel like if this started at at least the CHL level, it could be done. Even with the high price tag. I've watched and played hockey for over 15 years and been a subscriber to The Hockey News for almost as long. I am nearly 100% positive that there are tons of Canadians alone that would put up 50 bucks to have a stake in a CHL team.

[VM1138 1,921]

This sounds awesome, and I agree that problems would arise in not knowing the personnel at that level. That's probably the idea, to make us think we have power but figure we won't meddle too much due to lack of knowledge.

I'd love for this idea to take off, at least in some instances.

[55fan 5,133]

Quite a concept it was when the soccer club did it a few years ago, and it sure would be interesting if this sort of ownership took off.

Many people don't realize the Green Bay Packers have no owner. The team is owned by shareholders from all over. Granted the team president and CEO is decided by the Board of Directors, who then selects personnel. Not exactly apples to apples, but interesting nonetheless.

I had thought the Packers were owned by the city. Thanks for expanding my knowledge.

[NeverForgetMac25 483]

I had thought the Packers were owned by the city. Thanks for expanding my knowledge.

Technically speaking, they are somewhat "owned by the city." See below:

The Green Bay Packers Board of Directors is the organization that serves as the owner of record for the Green Bay Packers football club. The Packers have been a publicly-owned, non-profit corporation since August 18, 1923. The corporation currently has 111,921 stockholders, who collectively own 4,749,925 shares of stock. There have been four stock sales, in 1923, 1935, 1950 and 1997. Shares in 1923 sold for $5 apiece, while in 1997 the shares were issued at $200 each.

The National Football League, of which the Packers are a member, does not allow corporate membership, and instead requires clubs to be wholly owned either by a single owner, or small group of owners, and requires that at least one owner owns a 1/3 stake in the team. The Packers are granted an exemption to this rule, as they have been a publicly-owned corporation since before the rule was in place.

The corporation is governed by a seven-member Executive Committee, elected from a board of directors. The committee directs corporate management, approves major capital expenditures, establishes board policy and monitors management's performance in conducting the business and affairs of the corporation.

The elected president of the executive committee, currently Mark H. Murphy, represents the corporation at the NFL owners meetings and other league functions. The president is the only officer who receives compensation. The balance of the committee is sitting gratis.

[Motown4013 350]

I wonder if this will happen. I would be more than interested in doing this. Thanks OP...and if you see any follow up stories, let us know!

[Barrie 900]

Quite a concept it was when the soccer club did it a few years ago, and it sure would be interesting if this sort of ownership took off.

Many people don't realize the Green Bay Packers have no owner. The team is owned by shareholders from all over. Granted the team president and CEO is decided by the Board of Directors, who then selects personnel. Not exactly apples to apples, but interesting nonetheless.

That's like the Saskatchewan Roughriders of the Canadian Football League, the fans own them. The city of Regina, where the team plays, is only 200,000 and the Province is only 1,000,000 so there isn't enough corporate support. If the city wants a team, the fans need to own it. It makes for a great atmosphere at home games. Actually Saskatchewan by far has the best fans in the league, and I'm not just saying that because I am one

[howeaboutthat 22]

$50 for a hockey team. Don't be too hasty, you might be able to pick up Glendale Coyotes for that when the NHL finally realises hockey isn't a desert sport.

[Branton87 77]

50 bucks? That's a ticket to a Wings game! Or a cheaper ticket to a Wings game and a couple of 24 ounce Molsons while I'm there.