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.
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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.Quote:
Originally Posted by BearcatShane
Thanks Kal.
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.
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?Quote:
Originally Posted by LawFive
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
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.
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.Quote:
Originally Posted by westofyou
I had a history teacher that owned a share of the Celtics.Quote:
Originally Posted by redsfandan
The Florida Panthers and Cleveland Indians both were publicly traded at one point, under the ticker symbols PAW and CLEV, respectively.
I beleive that is correct.Quote:
Originally Posted by kaldaniels
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.Quote:
Originally Posted by oneupper