CFL STAMPEDERS, FEELING TIMES ARE RIGHT, LOOK TO GO PUBLIC
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).