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Author:	[Investments] Topic: Sports teams and IPO's
pezeveng	View Space \| Blog \| Friends \| Playbook \| My Sportsbook: bet365 \|
Veteran Joined: Dec 2004 Posts: 4707 Location:	#1 Posted: 2/24/2011 3:44:34 PM Not sure if anyone can tell me this Iam hoping Wallstreet know. Celtics had an IPO in the early 80's and traded regularly into the 90's till the current owners bought all the shares up. Do you know how much each share was purchased for and what the IPO was. I was also looking at the Florida Panthers and their IPO was $10 in 1997 but I can't find what that sold for as well at the end. The reason I ask is Iam wondering if Wilpon will sell 25% of the mets on the public market to raise badly needed funds and if its a good investment.
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Renton2010	View Space \| Friends \| Playbook \| My Sportsbook: Pinnacle Sports \|
Banned Joined: Aug 2010 Posts: 764 Location: Ontario	#2 Posted: 2/24/2011 11:02:41 PM Florida Panthers IPO Lawsuit Paragraph 44 44. During the Class Period the market price of FPHI shares was consistently priced at approximately $10.00 per share. As soon as defendants announced the purchases of the resort properties on December 22, 1996 and their expanded plans for the Company the price of FPHI stock began to rise rapidly. The market price of Company shares increased rapidly from its average price of $10.00 per share during the Class Period to a closing price of $32.00 per share on January 24, 1997. Cleveland Indians IPO with info about Celtics In the case of the Celtics, the team finished its 1997-98 season with 36 wins and 46 losses. A chart of the team's stock (below) shows Celtics shares followed the team downward.
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Renton2010	View Space \| Friends \| Playbook \| My Sportsbook: Pinnacle Sports \|
Banned Joined: Aug 2010 Posts: 764 Location: Ontario	#3 Posted: 2/24/2011 11:20:25 PM Cleveland Indians IPO Quite interesting in that all three IPO's I have researched and listed, and their subsequent charting all mirror the teams performance that year. Celtics had a bad year and the stock got hammered. Panthers did well and the stock rallied over 300%. Indians stock faltered at first but then went above water as the team performed well in the standings.
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pezeveng	View Space \| Blog \| Friends \| Playbook \| My Sportsbook: bet365 \|
Veteran Joined: Dec 2004 Posts: 4707 Location:	#4 Posted: 3/2/2011 5:34:58 PM I know the Panthers had other interests that help raise the stock price. I think it was a hotel chain or a resort of some sort. I think this is the best move for the currents Mets ownership.
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Renton2010	View Space \| Friends \| Playbook \| My Sportsbook: Pinnacle Sports \|
Banned Joined: Aug 2010 Posts: 764 Location: Ontario	#5 Posted: 3/2/2011 7:05:37 PM QUOTE Originally Posted by pezeveng: I know the Panthers had other interests that help raise the stock price. I think it was a hotel chain or a resort of some sort. I think this is the best move for the currents Mets ownership. What do you think is the best move? Raising Capital and then investing it elsewhere?
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Renton2010	View Space \| Friends \| Playbook \| My Sportsbook: Pinnacle Sports \|
Banned Joined: Aug 2010 Posts: 764 Location: Ontario	#6 Posted: 3/2/2011 7:10:08 PM Considering Wilpon is selling non-controlling shares, I guess he can whatever he wants with that cash. I believe the Green Bay Packers had an IPO as well, some years back. The shares were non-voting and had the stipulation that they could never be sold for less than IPO value, basically making them collectors items as the team doesn't share profits.
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