New Owners Could be Us the Fans? (Nonprofit Similar to Packers)

[LooneyPlatoons]

Probably not realistic depending on the number of fans and buy in and not sure if MLB has rules against it. But if the team is valued roughly at $2billion that means at least 500,000 fans would buy in at $4k a share, 1 million fans $2k a share etc. Or do something similar to the Packers with stock sales for a couple hundred with a limit on the amount an individual can purchase. Just a fun thought.

• Any fan could potentially buy a share of the team ( The Packers currently have over 500,000 owners)

• Fan elected board of directors who have the team's best interest in mind so we wouldn't have to worry about a profiteering, crappy, or meddling owner

• Profits get reinvested in the staff, operations, and infrastructure 

New Yorker article about the Packers being a not for profit fan owned team

 

 

 

 

 

 

 

[WicketMaiden]

The German Bundesliga (Football / Soccer) has a 50+1 rule. This states that 50% plus one share of the voting rights of the club (franchise) must be fan owned, which gives fans genuine influence over the financial and strategic decisions made by the club at board level. There is a movement to petition the EPL for the same model in England.

If MLB had a similar model in place franchises like the A's would likely have bigger payrolls to appease the voting fans, rather than lining owners' pockets with any excess revenues. 

Alongside increased fan engagement, it also provides the benefit of 'the wisdom of crowds' and prevents sports franchises from making ego-driven financial decisions that are to the detriment of the long term financial health of the club.

Link to the German model (no paywall) : https://inews.co.uk/sport/football/50-1-rule-fan-ownership-bundesliga-model-how-works-germany-uk-premier-league-982574

If you have The Athletic subscription: https://theathletic.com/2545146/2021/04/29/explained-germanys-501-ownership-model-the-benefits-and-the-problems/ 

[Taylor]

I'll chip in $5 and a half-punched Golden Spoon punch card.

[Angel Oracle]

Packers are worth over $1 billion more than the Halos, at $3.5 billion.

[totdprods]

I don't think this is likely - doesn't seem like a model MLB's owner circle would be enthused by - but this is such a cool way for sports teams to be owned, and in a perfect world, how they should be owner. Teams, stadiums, etc. are representative of the community and those who live there.

[Amazing Larry]

If everyone chipped in a thousand bucks you would need 2.5 million fans to buy in.

Good luck with that.

[79CAAman]

Any of you fellow Angels fans having a really good year?  Maybe pitch in a little extra.

[Taylor]

5 minutes ago, Lhalo said:

If everyone chipped in a thousand bucks you would need 2.5 million fans to buy in.

Good luck with that.

And most Angel fans are kind of dumb.

[Tank]

i'd be interested in buying a share. i like how the packers do it, and it seems to be working pretty well for them.

[3pitchwalk]

yes please, with the caveat that an angels fan collective has a direct impact on decisions during the first year of ownership.

it'd be fun to see them try to justify their terrible decisions as the season played on.

[Slegnaac]

Next time the lotto gets up to $1B, every AW member should send @Chuckster70 $50 to buy lotto tickets.  If we hit, leverage it to buy the team, like Frank McCourt did.

[Lou]

2 hours ago, Slegnaac said:

Next time the lotto gets up to $1B, every AW member should send @Chuckster70 $50 to buy lotto tickets.  If we hit, leverage it to buy the team, like Frank McCourt did.

I'm going to put in $51 and become managing general partner.

[Slegnaac]

8 hours ago, Lou said:

I'm going to put in $51 and become managing general partner.

I would vote for that