Someone divided the lenders apparent asking price/total readership of DBD and came up with something like $150,000. A few weeks ago when word was going around about the Ontario Teachers Pension Plan was working on selling their shares in the Leafs, I started wondering. Can a Toronto/Green Bay style public ownership work in Dallas?
I do not know. I think an entire higher level college course could be taught on NHL finances, and another course on the differences between NFL and NHL.
From what little I know, the Packers fans have had to raise cash twice for the team in their history. Otherwise it seems like it has been a functional nonprofit. I do not know where their profits go, assuming since the NFL is a beast, and the Packers are usually a popular team, they should always been in the black. I do know that they have rules in place that no single individual can own more than.. I think 200,000 shares? which represent like 10% ownership, it's a small amount. So no single individual can force changes.
For the Leafs, I think they have been a profitable entity for so long, that they never worry about down years, or having red years. Even when they suck, they are able to place profits into the Sports Group, and make it better.
For Dallas. I could wish that all of us here on DBD, plus a few other folk, could buy a legitimate share in our team. But on the flip side, I know I couldn't afford to continue purchasing stock every year for the next 2-3 years until the Stars are in the black again. Civic ownership seems like one method by which we could assure the Stars never move. It could possibly inspire fans and devotion. But I do not know how much money these billionaire owners in the Sun Belt are funnelling into their teams on a day to day basis. From what I understand, winning the lottery with just enough money to buy the team outright would just place the Stars in the same position, a broke team looking for money.
How do you choose leadership, who makes the day to day decisions and how are overall decisions made? I think Green Bay does a stockholder vote for certain issues. How does a civic ownership group get started? How do you collect all the money and show the lenders that you're for real? I guess if there were enough crazy people like me who would throw a grand or two (don't ask how I'd get that grand) for a 1/300,000 stake in my favorite team then we have a chance. Assuming we could raise the purchase price, plus 100 million to create a functional Dallas Stars Sports Inc., then maybe that would be enough to see us through this rough stretch, and then into the black. But that is a discouraging number, 300,000 fans? We would need quite a few folks like Mark Cuban and Mo buying up maximal minority shares to make that realistic. Would be sort of interesting if we could trick a few of the players like Mo and Lehts to throw a couple million away for us.
Assuming we could get a few dozen local big bucks to throw in, maybe it's not as ridiculous as me hoping that the DBD community of 18-1900 can raise the price of a house to gain community ownership of the Stars. Then we would hopefully never have to deal with this non-owner bullshit, we would always have the Stars in Dallas, and get back to our real focus, raising many more Cups in Dallas.