View Single Post
Old 04-19-2014, 06:03 PM
soxfanreggie soxfanreggie is offline
WSI High Priest
Join Date: Aug 2004
Location: Normal, IL/Sarasota, FL
Posts: 11,050

Originally Posted by StillMissOzzie View Post
I'm no MBA, but my understanding is that there is a big difference between being a minority investor/share owner, and owning the kind of stock from the sale proposed by the Cubs.
Minority owners do get to share in the profits, even if they don't get to vote on business decisions and management direction and stuff like that.
Ownership of shares to be sold by the Cubs probably gets you an uber-cool membership card, a secret decoder ring, and a stock certificate suitable for framing. In other words, fleecing the blue sheep for easy cash.

If the Cubs can get away with that, more power to them. Any big investor is going to make sure they are protected in terms of profits. If they can pull a Green Bay Packers-play, they can rake in many millions for the price of worthless paper that entitles them essentially nothing.
Reply With Quote