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Last month, for just the fifth time in the team's 92-year history, the publicly owned Packers launched a stock offering for 250,000 shares in the franchise. Here's the official certificate that a fan named Arvind received in the mail recently, which boldly acknowledges him as a shareholder in the "Green Boy Packers, Inc." More »
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For just the fifth time in their 92-year history, the publicly owned Green Bay Packers launched a stock offering this week, issuing at least 250,000 shares to anyone who wants to count themselves as an owner of an NFL team. It's an irresistible offer for a devoted fan, and within 11 minutes of stock going on sale, the Packers had sold $400,000 worth of shares. If the initial 250,000 shares sell out before March, the team is authorized to issue up to 880,000 shares. At $250 apiece (not including a $25 "handling fee"), the Packers could raise as much as $220 million—more than enough to pay for their planned $143 million renovation of Lambeau Field. Thirty-one other NFL owners are seething with jealousy. They wish they could get money from their fanbase so easily. More »
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Al Davis had plenty of respect within the NFL power structure, as we learned this weekend. Those of us who knew him only as a craggy-faced Jamarcus-loving iconoclast now know of him as something better than that, a powerfully transformative figure. But he still had enemies. Among them: onetime Raiders head coach—now Redskins head coach—Mike Shanahan. More »
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Every morning, the fine folks at Sports Radio Interviews sift through the a.m. drive-time chatter to bring you the best interviews with coaches, players, and personalities across the sports landscape. Today: the Cowboys owner says he didn't get furious until after the entire Chargers game. More »
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The cash-strapped Mets are in talks to sell a minority stake in the team to hedge fund manager David Einhorn for $200 million. Normally, minority shareholders aren't news, but these Mets aren't in a normal situation. With more than a billion dollars at stake in the Bernie Madoff lawsuit, the team hemorrhaging money to the tune of $70 million this year, and already in debt to MLB, it's not unforeseeable that Fred Wilpon and Saul Katz need to sell the whole damn team just to remain personally solvent. And it's not unlikely that David Einhorn would be there waiting to buy everything. More »
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"The Board of Newcastle United can today confirm that the Club is for sale at the price of £100m. Interested parties should contact Newcastle United at admin@nufc.co.uk (or Keith Harris at Seymour Pierce) for further details." [The Sun] More »
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It's easy to forget, when we're all caught up in the fun of the postseason and what-not, that every moment we find ourselves excited about it is designed primarily — almost solely — on putting more money in owners' pockets. You'd think they wouldn't have to fudge the rules to make more money. But they do. More »
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Yesterday, the Cincinnati Reds announced that owner Carl Lindner is selling controlling interest in the team to local businessman Robert Castellini, who was part of the St. Louis Cardinals ownership group. We don't usually get into the business of owners too much here, mainly because we find it much more interesting to talk about people who can run and jump and things rather than old bald white men who sign checks. More »
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Longtime Giants owner — and just about the only sports owner we can ever remember professing affection for, if just because he was old and spindly — Wellington Mara has died at the age of 89. Mara was one of the most influential owners in sports history, pioneering the notion of sharing television revenue among all the teams, which is why, say, we have a team in Green Bay right now. Mara was a busy man, but his wife might have been even busier; they had 11 children and 40 grandchildren. More »
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We're not saying that baseball owners who claim they're losing money are full of horse manure or anything, but a report in The New York Post says that Major League Baseball will not be offering MLB.com up as an IPO because owners don't want to open up their financial records to the public. More »
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Everybody's favorite punctuation-resistant NBA owner Mark Cuban has had a busy offseason, hollering at New York Times reporters, apologizing for cutting Michael Finley and remembering the exact moment he stopped being one of us and became dirty, grimy rich. More »
]]> http://deadspin.com/index.php?op=postcommentfeed&postId=125359&view=rss&microfeed=true Patriots owner Robert Kraft now says that he meant to give Russian president Vladimir Putin his Super Bowl ring in the first place. More »
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Patriots owner Robert Kraft was out doing what huge capitalists do this week: Meeting with leaders of other countries and gladhanding them enough so they'll give them some free shit down the line. Kraft shook hands with Russian president Vladimir Putin and, to show off, handed Putin his Patriots championship ring, the notoriously overstacked-with-diamonds one. More »
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Well, it was only a matter of time. The Tampa Bay Devil Rays — the saddest, cheapest, most desperate franchise in baseball — has taken to selling furniture at the ballpark. Seriously. The D-Rays have a deal with a local furniture outlet to sell ottomans and sofas and all kinds of things you lie down on — like Wade Boggs, for example — in the ramp leading up to the team clubhouse. More »
]]> http://deadspin.com/index.php?op=postcommentfeed&postId=110163&view=rss&microfeed=true Wanted: Wealthy individual (white preferred. sorry!) willing to plunk down $400 million for franchise with limited television rights, decaying stadium and loyal (if a little too black) fan base. Must be open to making no decisions and following orders from former car salesmen and lawyers. Oh, and you can't change the name. More »
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This is what President George Bush did to Colin Powell: He saw that he was an extremely popular public figure; gave him an initial high-ranking, visible position (Secretary of State); did all the real maneuvering behind his back (with Dick Cheney); waited until he needed his public persona the most and used it to defend a shaky premise (invading Iraq); and then left Powell to take the public hit when that premise was proven faulty. More »
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Like everyone, we were beginning to wonder if George Steinbrenner was stashed away in an old-folks home somewhere, terrorizing the arts and craft room and insisting that old ladies shave their facial hair. But alas: He's still around, giving an interview with the YES Network that will air Sunday. The New York Times' Richard Sandomir has some selected quotes: More »
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Angels owner Arte Moreno is the type of guy we like. In case you forgot, this guy got around the Angels' agreement with the city of Anaheim that he would keep their city in the team's name by calling them the "Los Angeles Angels of Anaheim," knowing full well that the name would just be shortened to LAA. As always, legislators are impotent in the face of billionaires; the California General Assembly voted yesterday to require the team inform its fans that it plays in Anaheim, not Los Angeles. (It has to pass the California Senate next. Wonder what Arnold will think?) This would seem an extraneous gesture; if one needs to inform one's fans where, exactly, the team plays, it is possible that the team's name is the least of one's worries. Still: Maybe the idiots with the ThunderStix will get lost on the way to the park. More »
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