Minute Media Closes On $15M Investment Round ESPN Still Hurting Disney Quarterly Results Under Armour's Kevin Plank Defends Company MLB Postseason Boosts 21st Century Fox' Q2 Callaway Golf Posts Solid Financials Under Armour Posts Tepid Forecast For '17 No Bidders For Bauer Hockey's Parent Co. ISC Revenues Up For '16, Admissions Down StubHub Q4 Results Show 20% Jump From '15 Sports Owners Investing In Tech Startups
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).