ChiSoxJon Posted April 24, 2023 Share Posted April 24, 2023 I know I'm not the first to think of CWS becoming publicly owned like the Packers. Is it even a possibility in the MLB? The fans deserve better. Please know this is coming from someone who has defended Reinsdorf more than most. Quote Link to comment Share on other sites More sharing options...
The CashMan Posted April 24, 2023 Share Posted April 24, 2023 As long as they sell after Jerry kicks the bucket, I think the Sox will be fine. I think we are starting to entering the dollar Bill owner territory. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted April 24, 2023 Share Posted April 24, 2023 Green Bay is such a unique situation in sports. Just don't see replicating it... nor the public interest in bankrolling it with thousands of Sox shareholders in this current day and age willing to just throw their money into the wind. Not enough community good will at this point. Has to be something closer to Wrexham FC but on a much larger scale. Quote Link to comment Share on other sites More sharing options...
Lip Man 1 Posted April 24, 2023 Share Posted April 24, 2023 The next entity to own the Sox more than likely will be a corporation. Quote Link to comment Share on other sites More sharing options...
The Kids Can Play Posted April 24, 2023 Share Posted April 24, 2023 Let me say that if this ever happened, I would be so down with that approach and ready to be a Sox shareholder! Back to realty, that will never happen. The Packers situation is an anomaly. The next owner will be a very rich billionaire who will buy the Sox because he doesn't need the team for wealth or income, but he wants the thrill and ego of owning a baseball team. They will spend the money to not only compete with the big dogs, but probably use the time tested and logical "best practices" that they probably used in their successful business that they built making their billions. They will simply go recruit some top executives from a winning consistent team that knows how to build a farm system besides spending money in free agency. Quote Link to comment Share on other sites More sharing options...
Quin Posted April 24, 2023 Share Posted April 24, 2023 I'd say there's a non-zero chance that it'd be Mellody Hobson or Michael Jordan in a 2-for-1 purchase of the Bulls and White Sox (once he sells the Hornets). Quote Link to comment Share on other sites More sharing options...
3GamesToLove Posted April 24, 2023 Share Posted April 24, 2023 lolno The Packers thing is one of those things that would never happen today and only still exists as a miraculous vestige of an earlier era. Quote Link to comment Share on other sites More sharing options...
Dick Allen Posted April 24, 2023 Share Posted April 24, 2023 You don't want public ownership. You want some rich person who can't possibly spend all of their money, but is competitive as hell, and not so concerned with winning the battle for the biggest profit. 3 Quote Link to comment Share on other sites More sharing options...
Kyyle23 Posted April 24, 2023 Share Posted April 24, 2023 The funny thing is the packers thing isn’t like the fans get a say in any of it. There is still highly paid people in charge that make all of those decisions and they certainly do not answer to the fans. new owner needed for sure, but this type of ownership isn’t like handing the reigns off to poll voting of stock owners Quote Link to comment Share on other sites More sharing options...
Texsox Posted April 24, 2023 Share Posted April 24, 2023 I've been an owner of Coke for several decades. I never got much of a say in how it was run. Quote Link to comment Share on other sites More sharing options...
Squirmin' for Yermin Posted April 24, 2023 Share Posted April 24, 2023 Public ownership literally means nothing except for a way for the actual owners to make extra money from the fans. Quote Link to comment Share on other sites More sharing options...
ChiSoxJon Posted April 24, 2023 Author Share Posted April 24, 2023 The reason I ask is so White Sox Nation can pool their dollars together and save this organization Quote Link to comment Share on other sites More sharing options...
CeaseAndExist Posted April 25, 2023 Share Posted April 25, 2023 Packers "stock" isn't a real thing. They're allowed to sell it b/c it's considered memorabilia, it doesn't convey any ownership Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted April 25, 2023 Share Posted April 25, 2023 1 hour ago, CeaseAndExist said: Packers "stock" isn't a real thing. They're allowed to sell it b/c it's considered memorabilia, it doesn't convey any ownership Celtics did the same thing back in 80s... more for novelty's sake. Quote Link to comment Share on other sites More sharing options...
South Side Hit Men Posted April 25, 2023 Share Posted April 25, 2023 (edited) 2 hours ago, CeaseAndExist said: Packers "stock" isn't a real thing. They're allowed to sell it b/c it's considered memorabilia, it doesn't convey any ownership It is actual stock (par value $0.025 per share), but the articles of incorporation state profit not reinvested in the team, including the sales proceeds from a liquidation of the franchise, is to be donated to the Green Bay Packers Charitable Foundation. The bylaws also state the corporation shall be located in Green Bay. https://h2o.law.harvard.edu/text_blocks/28518 I believe nearly all fans of every team across the world would prefer the having the same type entity (all profits go to charity, the team cannot be relocated) than the current arrangement of a select few people profiting off of in many cases heavily tax subsidized private businesses. Edited April 25, 2023 by South Side Hit Men Quote Link to comment Share on other sites More sharing options...
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