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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).