the winnipeg sandbox

Latest topics

» Gord Steeves should run for Mayor
by FlyingRat Wed Aug 13, 2014 4:58 pm

» To discontinue?
by EdWin Sat Jul 12, 2014 9:26 pm

» Sandbox breakfast get-together, Saturday, January 25, 2014.
by rosencrentz Fri Apr 11, 2014 11:27 pm

» 2013-14 Bisons/CIS Thread
by Hollywood Tue Apr 01, 2014 11:56 pm

» Katz must resign
by cobragt Mon Oct 28, 2013 5:09 pm

» Best Breakfast/Brunch
by cobragt Mon Oct 28, 2013 5:07 pm

» Manitoba Action Party
by RogerStrong Mon Oct 21, 2013 2:24 pm

» Police Respond to a silent alarm With Guns Drawn
by EdWin Tue Aug 20, 2013 10:10 pm

» Details about Cineplex SuperTicket -- interesting promotion
by MattKel Thu Jul 18, 2013 4:08 pm

» Freep locks out non-subscriber commentary
by Deank Mon Jul 08, 2013 3:58 pm

» 7-year sentence for Berlusconi
by FlyingRat Mon Jun 24, 2013 2:32 pm

» New Stadium
by grumpy old man Mon May 27, 2013 4:34 pm

» Winnipeg News Android App
by grumpy old man Mon May 27, 2013 4:33 pm

» First Post
by grumpy old man Fri May 24, 2013 2:43 pm

» The New Sals at Pembina and Stafford
by grumpy old man Thu Apr 25, 2013 1:35 pm

» Emma Watson wants to do nude scenes for 50 shades of grey movie
by FlyingRat Wed Apr 24, 2013 10:39 am

» Museum finally admits it needs to raise more money priovately.
by FlyingRat Wed Apr 24, 2013 10:32 am

» And You Thought Your Taxes Are High Now!!!
by FlyingRat Wed Apr 24, 2013 10:21 am

» free chocolate sample
by cobragt Sun Mar 31, 2013 6:12 pm

» Do you want a gift certificate for A winnipeg restraunt?
by cobragt Sun Mar 31, 2013 6:12 pm


You are not connected. Please login or register

Livs idea taking hold?

Go to page : 1, 2  Next

View previous topic View next topic Go down  Message [Page 1 of 2]

1 Livs idea taking hold? on Sun Sep 19, 2010 3:53 pm

Deank

avatar
contributor eminence
contributor eminence
"Or the football club could issue public shares in the team and see the Bombers truly become community-owned. Katz has been praising this idea since 2006, when he got into an oversight dispute with former club president Lyle Bauer."


http://www.winnipegfreepress.com/breakingnews/stadium-aint-dead-yet-103229789.html



_________________
Why do we call them fingers if no one has ever seen them fing?

2 Re: Livs idea taking hold? on Sun Sep 19, 2010 3:58 pm

grumpy old man

avatar
administrator
administrator
Can the community raise $150 million to build a new stadium? Are there 30,000 people/investor groups willing to spring $5,000 each?

Will that $5,000 investment hold its' value?


_________________
Yes, I really am that Grumpy...

It's their, they're and there; in Canada it's colour, cheque, rumour and zed...

3 Re: Livs idea taking hold? on Sun Sep 19, 2010 5:25 pm

Guest

avatar
Guest
Selling the team on the open market is somehow now being touted as it then becoming "community owned"??? Just like MTS is I reckon.

The team will be privately owned if it is sold albeit by members of the community....but that's not community owned for chrissake!!

4 Re: Livs idea taking hold? on Sun Sep 19, 2010 5:28 pm

grumpy old man

avatar
administrator
administrator
I don't think it is really community owned now. The structure currently in place is quite baffling. How do I get elected to the board of governors? How do unconnected peeps become elected?

To "sell" the team creates a true community ownership structure IMO. It would be very interesting to see how that would manifest itself.


_________________
Yes, I really am that Grumpy...

It's their, they're and there; in Canada it's colour, cheque, rumour and zed...

5 Re: Livs idea taking hold? on Sun Sep 19, 2010 5:29 pm

Guest

avatar
Guest
*sigh*

6 Re: Livs idea taking hold? on Sun Sep 19, 2010 5:56 pm

rosencrentz

avatar
uber-contributor
uber-contributor
"What me worry?"


_________________
They cut my back open ! Help!
http://www.elansofas.com

7 Re: Livs idea taking hold? on Sun Sep 19, 2010 7:11 pm

Livio

avatar
Guest
This is how it could manifest itself.

The price you pay would lead to lower season tickets and also make use of your RRSP money. Just a way to invest in your City and leave a legacy to your family.

8 Re: Livs idea taking hold? on Sun Sep 19, 2010 7:15 pm

Guest

avatar
Guest
Livio wrote:This is how it could manifest itself.

The price you pay would lead to lower season tickets and also make use of your RRSP money. Just a way to invest in your City and leave a legacy to your family.


http://members.shaw.ca/WinnipegStadium/


9 Re: Livs idea taking hold? on Sun Sep 19, 2010 8:38 pm

Deank

avatar
contributor eminence
contributor eminence
"I don't think it is really community owned now. The structure currently in place is quite baffling. How do I get elected to the board of governors? How do unconnected peeps become elected?"

Kneepads


_________________
Why do we call them fingers if no one has ever seen them fing?

10 Re: Livs idea taking hold? on Mon Sep 20, 2010 10:26 am

AGEsAces

avatar
moderator
moderator
The only problem with selling shares though...is that shares get bought/sold.

So answer this...
You own a company and buy 10 shares for $5k each ($50k) (cause most personal investors won't fork that much over).

A BIG company comes along (say CanadInns) and offers you $10k each for your 10 shares, thus doubling your investment...would you take it?

Now, say they did that for multiple investors?
Or say they bought a "majority" of the shares through their direct company, or through subsidiary companies...NOW who owns the team?

It would only be able to work if there were limitations put on the purchase of the shares, ie. no one entity (individual, corporation, parent-corp) could own more than "X" number of shares.

It will take longer to sell them...but it would protect the team indefinitely from having someone control a majority.

http://www.photage.ca

11 Re: Livs idea taking hold? on Mon Sep 20, 2010 10:32 am

Deank

avatar
contributor eminence
contributor eminence
yes sir comrade AA


_________________
Why do we call them fingers if no one has ever seen them fing?

12 Re: Livs idea taking hold? on Mon Sep 20, 2010 10:35 am

AGEsAces

avatar
moderator
moderator
Deank wrote:yes sir comrade AA

Hey...don't get me wrong...I like the proposal...I just see it as a back-door way of someone scooping up the team to control it...with the permission of the public.

If I had the money...I'd buy some "seats" myself...but I would probably be inclined to sell if offered the right amount...unless my return was guaranteed in some way indefinitely.

http://www.photage.ca

13 Re: Livs idea taking hold? on Mon Sep 20, 2010 10:37 am

Livio

avatar
Guest
AgeAces, you don't go the share structure, and even if you do, yes you can put in a shareholders rights plan or "poison pill "

I much prefer the fractional ownership, where you basically own "property". But yes, those can be traded.

GreenBay has shares but no real market, subsequently a black market for shares has opened up but there is zero risk someone can acquire enough shares , legally, to control the team.

14 Re: Livs idea taking hold? on Mon Sep 20, 2010 10:45 am

LivingDead

avatar
general-contributor
general-contributor
grumpy old man wrote:Can the community raise $150 million to build a new stadium? Are there 30,000 people/investor groups willing to spring $5,000 each?

Will that $5,000 investment hold its' value?

How much did the community fork over to help Gail build her Monument?

How much $$ would a 1% tax on all purchases within city limits generate? Would a majority of winnipeggers support the bombers and vote yes to a temperary 1% sales tax to pay for a top notch stadium?

The fine people of Grand Forks, ND voted to have a tax pay for their stadium/arena.


_________________
"The problem with socialism is that eventually you run out of other people's money." -- Margaret Thatcher


http://www.youtube.com/watch?v=YGL8CiUtXF0
http://www.albinoblacksheep.com/flash/youare

15 Re: Livs idea taking hold? on Mon Sep 20, 2010 10:50 am

Deank

avatar
contributor eminence
contributor eminence
" 1% tax on all purchases within city limits generate?"

according to sam about 114 mill per year


_________________
Why do we call them fingers if no one has ever seen them fing?

16 Re: Livs idea taking hold? on Mon Sep 20, 2010 11:04 am

grumpy old man

avatar
administrator
administrator
I like the way they do that in the US. Usually a plebiscite is held and if peeps vote yes then away they go. Good idea IMO.


_________________
Yes, I really am that Grumpy...

It's their, they're and there; in Canada it's colour, cheque, rumour and zed...

17 Re: Livs idea taking hold? on Mon Sep 20, 2010 11:23 am

Deank

avatar
contributor eminence
contributor eminence
the plebiscite in grand forks (or was it fargo?) took 3 or 4 attempts before it passed (ie was shoved down the throats of the majority of the populace)


_________________
Why do we call them fingers if no one has ever seen them fing?

18 Re: Livs idea taking hold? on Mon Sep 20, 2010 11:25 am

Guest

avatar
Guest
I don't believe that the people are always right, so, I'm not so sure about plebicites personally.

Voting can present an entire other list of problems...remember the Quebec question thingy.

But we do need a more direct and open look at the Bomber board.

19 Re: Livs idea taking hold? on Mon Sep 20, 2010 11:26 am

Livio

avatar
Guest
Hell, why not raise it 2% , thats 228 million.

taxes, just a lazy way to do things.

You want a stadium, pony up. Or do we just use the Term "UserPay" when its convenient.

Not everyone wants to pay more sales tax for a Stadium.

20 Re: Livs idea taking hold? on Mon Sep 20, 2010 11:30 am

Bartron

avatar
major-contributor
major-contributor
Deank wrote:the plebiscite in grand forks (or was it fargo?) took 3 or 4 attempts before it passed (ie was shoved down the throats of the majority of the populace)

I think it was Fargo, the arena in Grand Forks is owned by the Ralph Engelstad foundation I believe.

21 Re: Livs idea taking hold? on Mon Sep 20, 2010 11:30 am

Livio

avatar
Guest
Agree JTF, Bauer and his crew had over a decade to leverage a Free site to their advantage. No imagination or creativity. The board whoever they are, or get elected is piss poor and if the City is guaranteeing something ( I think Lyle's pay was ) then we should reconsider what exactly community owned means.....by the way, what Does it mean ?


This board is completely ineffectual and has proven itself incapable of managing the Bomber finances.

22 Re: Livs idea taking hold? on Mon Sep 20, 2010 11:37 am

Guest

avatar
Guest
The Bomber board should be doing what Asker is doing imo.

23 Re: Livs idea taking hold? on Mon Sep 20, 2010 12:30 pm

LivingDead

avatar
general-contributor
general-contributor
Bartron wrote:
Deank wrote:the plebiscite in grand forks (or was it fargo?) took 3 or 4 attempts before it passed (ie was shoved down the throats of the majority of the populace)

I think it was Fargo, the arena in Grand Forks is owned by the Ralph Engelstad foundation I believe.

The aleris center is public. The engelstad stadium is for the college football. and is located on the grounds of UND in Grand Forks


_________________
"The problem with socialism is that eventually you run out of other people's money." -- Margaret Thatcher


http://www.youtube.com/watch?v=YGL8CiUtXF0
http://www.albinoblacksheep.com/flash/youare

24 Re: Livs idea taking hold? on Mon Sep 20, 2010 12:31 pm

LivingDead

avatar
general-contributor
general-contributor
If the government can fund Special Intrest groups and Artists. Then Fair is Fair and they can fund Sports. Sport is the artistry of the human body in motion.


_________________
"The problem with socialism is that eventually you run out of other people's money." -- Margaret Thatcher


http://www.youtube.com/watch?v=YGL8CiUtXF0
http://www.albinoblacksheep.com/flash/youare

25 Re: Livs idea taking hold? on Mon Sep 20, 2010 2:19 pm

Bartron

avatar
major-contributor
major-contributor
LivingDead wrote:
Bartron wrote:
Deank wrote:the plebiscite in grand forks (or was it fargo?) took 3 or 4 attempts before it passed (ie was shoved down the throats of the majority of the populace)

I think it was Fargo, the arena in Grand Forks is owned by the Ralph Engelstad foundation I believe.

The aleris center is public. The engelstad stadium is for the college football. and is located on the grounds of UND in Grand Forks


I was talking about Ralph Engelstad arena. http://en.wikipedia.org/wiki/Ralph_Engelstad_Arena it's definitely not used for football.

The alerus center is used for football.

Sponsored content


View previous topic View next topic Back to top  Message [Page 1 of 2]

Go to page : 1, 2  Next

Permissions in this forum:
You cannot reply to topics in this forum