Selling stock in an MLS team - IT'S POSSIBLE Many said previously that selling stock in an MLS team CANNOT be done. I just found such a public company that IS ALREADY publicly traded on NASDAQ. ----- The following is taken from their 1999 Annual Report (sign-up for free to FreeEdgar.com and you can get the whole annual report as well as all other SEC filings). San Diego Soccer Development Corporation, a California corporation, was founded in 1997 to develop, own, and run a professional soccer team in San Diego, with the ultimate goal of becoming a Major League Soccer franchise. The Company is headquartered at 2123 Garnet Avenue, Suite B, San Diego, CA 92109. The Company operates as The San Diego Flash soccer club. The Company stages professional soccer games and competes in the A-League, America's Division II professional league. ----- See Yahoo Finance for more info (charts, news, etc.) http://finance.yahoo.com/q?s=SDSD.PK&d=t
YES. There is a publicly traded company that exists for 1 purpose, to obtain and operate an MLS team. Point proven. Public ownership of MLS teams is a possibility. BTW, the Company put out a press release today: http://biz.yahoo.com/prnews/020808/dath022_1.html
you don't have to go public to sell shares of stock. the sec allows the sale of shares through regulation a. (i'm sure you can find out all the details at sec.gov) ben and jerry's did this to raise cash before they went public.
these guys totally went bust, with A-league franchises in San Diego, Orange County and the Bay Area all folding in the last two years, leaving many unpaid bills behind them. they were giving away this new magazine (pretty nice, actually, though i never read all the way through it) during the WC campaign in various local bars but how they plan on making money off it is sort of beyond me. the guy had big dreams to build a SSS for the Flash in San Diego and it piddled out like so much dust in the wind. the "publicly traded company" doesn't exist for the SOLE purpose of getting a MLS franchise, although this WAS the ultimate goal. his plans failed miserably. he's a big dreamer but reality has bitten him in the #ss. but if you want to give him your money, feel free...so to speak.
Well, not really. What it means is that you could own an entity that operates an MLS team, like say AEG, if it wasn't closely held by Phil himself. But, as things stand now, you couldn't ever have public ownership of a team, since the teams belong to the league and the league can't be bought (insert all-star game joke here)
Acctually this corporation that was San Diego Flash, use to trade at a much higher price during the glory days of the market. I use to trade as a Nasdaq Bulletin Board stock, but now is relegated to the Pink Sheets. As far as I know, the operations have ceased for this corporation, but I may be wrong.
The stock market--the original promotion/relegation system. __________________ "How much easier it is to be critical than to be correct" Benjamin Disraeli
run away, run away.... I remember some one mentioning this stock to me some time ago. At the time it was around $1.80 per share. When I found out who it was i told the guy to stay away from it...unless he had the guts to "go short" on it. Too bad I didn't - would have been one of the greatest plays of all time! This was the old "Peacock Financial Group" which owned 3 clubs at one time...and folded them all! The entity may still exist, but I don't think they have any league or team affiliation what-so-ever.
I can't believe these guys are still around. They must have second jobs because they can't be eating with the revenue that they have coming in.