No one is able to be a sports team owner, usually, without being filthy, stinking prosperous. However, that is not always the case, as some teams actually trade on stock markets and people can purchase shares. Some publicly-traded sports teams are not exactly bad choices, either.
Public not common in America
One of the lyrics in the song "Money" by Pink Floyd goes "I think I need a football team." Granted, they don't mean the NFL, since soccer is called football everywhere except Canada, Australia and the U.S. However, it would be neat to be the owner of sports team. The hitch is that most sports groups are privately owned. To purchase one or an ownership stake, one has to be wealthy.
You could always buy a share in a publicly-traded sports team though, and technically you own part of the team for a small amount of money. There are only a few numbers of sports teams publicly owned though, and most of them are not U.S. groups.
Getting in on IPO
Earlier this year, it was publicized that Formula One, the world's premier racing series, was going to have an initial public offering in Singapore. Unfortunately, according to the Wall Street Journal, the majority owners of Formula One, CVC Capital Partners, put the brakes on the Formula One Initial Public Offering. However, they do plan to hold it later this year.
The IPO scheduled for a serious sports franchise is for Manchester United, according to The Atlantic. Manchester, also called "Man U" or "The Red Devils," are essentially the New York Yankees of soccer and are not only going to have an IPO, they decided recently to stage it in the U.S. rather than Singapore, where the team's owners had initially planned on holding it. The team is mostly owned by the Glazer family, according to the Wall Street Journal, who also own the Tampa Bay Buccaneers of the NFL.
Do not purchase all
Manchester United, once trading begins, may be a good buy in the long run, as it is essentially the biggest sports franchise on the planet. Madison Square Gardens, the well-known venue, is also not a bad stock, according to Daily Finance, as it has consistently traded above the Standard and Poor 500 market average.
BusinessWeek explained that the American Basketball Association is trading for 5 cents per share currently, which was not good news. There has also been bad news for World Wrestling Entertainment, which is publicly traded, according to Daily Finance.
Some other well-known soccer teams are publicly owned but according to the Atlantic, don't do as well as typical stocks, as their industry performance is heavily tied to game performance, and losing streaks tend to tank share value.
Only one American sports team is publicly-traded, namely the Green Bay Packers. They are an oddity, as the National Football League forbids more than 32 owners of any one team. However, the Packers joined the league before the rule was instated. It's a terrible investment, though. The stock can't be sold for profit and the team, a non-profit, pays no dividends.
Public not common in America
One of the lyrics in the song "Money" by Pink Floyd goes "I think I need a football team." Granted, they don't mean the NFL, since soccer is called football everywhere except Canada, Australia and the U.S. However, it would be neat to be the owner of sports team. The hitch is that most sports groups are privately owned. To purchase one or an ownership stake, one has to be wealthy.
You could always buy a share in a publicly-traded sports team though, and technically you own part of the team for a small amount of money. There are only a few numbers of sports teams publicly owned though, and most of them are not U.S. groups.
Getting in on IPO
Earlier this year, it was publicized that Formula One, the world's premier racing series, was going to have an initial public offering in Singapore. Unfortunately, according to the Wall Street Journal, the majority owners of Formula One, CVC Capital Partners, put the brakes on the Formula One Initial Public Offering. However, they do plan to hold it later this year.
The IPO scheduled for a serious sports franchise is for Manchester United, according to The Atlantic. Manchester, also called "Man U" or "The Red Devils," are essentially the New York Yankees of soccer and are not only going to have an IPO, they decided recently to stage it in the U.S. rather than Singapore, where the team's owners had initially planned on holding it. The team is mostly owned by the Glazer family, according to the Wall Street Journal, who also own the Tampa Bay Buccaneers of the NFL.
Do not purchase all
Manchester United, once trading begins, may be a good buy in the long run, as it is essentially the biggest sports franchise on the planet. Madison Square Gardens, the well-known venue, is also not a bad stock, according to Daily Finance, as it has consistently traded above the Standard and Poor 500 market average.
BusinessWeek explained that the American Basketball Association is trading for 5 cents per share currently, which was not good news. There has also been bad news for World Wrestling Entertainment, which is publicly traded, according to Daily Finance.
Some other well-known soccer teams are publicly owned but according to the Atlantic, don't do as well as typical stocks, as their industry performance is heavily tied to game performance, and losing streaks tend to tank share value.
Only one American sports team is publicly-traded, namely the Green Bay Packers. They are an oddity, as the National Football League forbids more than 32 owners of any one team. However, the Packers joined the league before the rule was instated. It's a terrible investment, though. The stock can't be sold for profit and the team, a non-profit, pays no dividends.
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