Wasserman Receives $100M Investment New York State OKs Lawsuit Against RBS Stats LLC Buys Bloomberg Sports FanDuel Closes $70M Round Of Venture Capital SeatGeek Closes On $35M In VC Financing CFL Team To Give Out Free Tickets After Loss CFL B.C. Lions' Promotion Guarantees A Win Cohon Will Not Return As CFL Commissioner Golf Sales Cut Into Dick's Profits Argos Seek Alternatives If Jays Make Playoffs
Upcoming Conferences and Events
CFL STAMPEDERS, FEELING TIMES ARE RIGHT, LOOK TO GO PUBLIC
Published November 19, 1997
The CFL Calgary Stampeders will conduct an IPO of C$2.5M on the Alberta Stock Exchange, "making them the first Canadian-based football club to go public," according to Gayle Macdonald of the Toronto GLOBE & MAIL. The 2.5 million common shares will sell for $1. The prospectus does note -- "many times and in bold ink -- that these securities are 'highly speculative' and contain 'a high degree of risk.'" Team Owner Sig Gutsche will receive three million common shares and end up with roughly 55% control of the team. The prospectus has been given "tentative approval" by CFL Chair and Acting Commissioner John Tory (GLOBE & MAIL, 11/19).