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.
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.
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.
The seven most magic words in all the land...
"If, in the opinion of the referee,..."
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.
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.
The Florida Panthers and Cleveland Indians both were publicly traded at one point, under the ticker symbols PAW and CLEV, respectively.
"A person is smart. People are dumb, panicky, dangerous animals and you know it."
http://dalmady.blogspot.com
Board Moderators may, at their discretion and judgment, delete and/or edit any messages that violate any of the following guidelines: 1. Explicit references to alleged illegal or unlawful acts. 2. Graphic sexual descriptions. 3. Racial or ethnic slurs. 4. Use of edgy language (including masked profanity). 5. Direct personal attacks, flames, fights, trolling, baiting, name-calling, general nuisance, excessive player criticism or anything along those lines. 6. Posting spam. 7. Each person may have only one user account. It is fine to be critical here - that's what this board is for. But let's not beat a subject or a player to death, please. |