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View Full Version : Can you buy stock in MLB or the Reds?



BearcatShane
03-28-2009, 04:57 PM
This might be a dumb question, but I was just wondering if it is possible to buy stock in Major League Baseball or individual teams? And if so, what is the ticker symbol for MLB and/or the Reds? Thanks.

kaldaniels
03-28-2009, 05:04 PM
This might be a dumb question, but I was just wondering if it is possible to buy stock in Major League Baseball or individual teams? And if so, what is the ticker symbol for MLB and/or the Reds? Thanks.

No.

BearcatShane
03-28-2009, 05:08 PM
Thanks Kal.

WMR
03-28-2009, 05:10 PM
The Reds sold stock awhile back but weren't the shares like 5-6 million dollars apiece? In other words, it was a significant ownership stake.

LawFive
03-28-2009, 06:26 PM
IIRC when the Castellini group came in, there were a couple of partial shares available which they further divided into "microshares". The amount it took to get in was never released but I imagine it was still 6 figures.

kaldaniels
03-28-2009, 06:30 PM
IIRC when the Castellini group came in, there were a couple of partial shares available which they further divided into "microshares". The amount it took to get in was never released but I imagine it was still 6 figures.

That wasn't stock though right? More like an ownership stake?

remdog
03-28-2009, 06:39 PM
It seems to me that it was possible to buy shares in MLB teams at one time---maybe 20-30 years ago. Baltimore comes to mind for some reason but I could be wrong.

In the early '70's I purchased stock in the Clevland Cavs. Owned the stock for about five years and then they went private. Got about $1.00/share (I had paid $5.00/ share) plus two tickets to a game in the cheap seats. :lol:

Rem

redsfandan
03-28-2009, 07:08 PM
Couldn't you buy stock in the Boston Celtics? I don't mean instead of the Reds or any other MLB team but I thought I remembered that as a possibility maybe 10+ years ago and that they were the only major sports team to do that at that time.

westofyou
03-28-2009, 08:52 PM
The Packers are the only non-profit, community-owned major league professional sports team in the United States.

kaldaniels
03-28-2009, 10:09 PM
The Packers are the only non-profit, community-owned major league professional sports team in the United States.

Even that comes with a disclaimer...for the most part a share of Packer stock is a symbolic item. And the franchise is grandfathered in this regard...it is now illegal for an NFL team to be a public company.

Degenerate39
03-28-2009, 11:07 PM
Couldn't you buy stock in the Boston Celtics? I don't mean instead of the Reds or any other MLB team but I thought I remembered that as a possibility maybe 10+ years ago and that they were the only major sports team to do that at that time.

I had a history teacher that owned a share of the Celtics.

oneupper
03-29-2009, 02:02 AM
The Florida Panthers and Cleveland Indians both were publicly traded at one point, under the ticker symbols PAW and CLEV, respectively.

LawFive
03-29-2009, 09:11 PM
That wasn't stock though right? More like an ownership stake?

I beleive that is correct.

Caseyfan21
03-30-2009, 12:42 AM
The Florida Panthers and Cleveland Indians both were publicly traded at one point, under the ticker symbols PAW and CLEV, respectively.

My grandparents bought me and all my cousins one share of stock in the Indians when we were younger. When they bought back I think we actually made a few bucks on it.