Want a piece of your local team? It looks like you may be able to buy some soon.
Baseball owners are set to vote next month on a proposal that would allow public ownership of teams, and it appears the plan will be approved.
However, don’t plan a takeover yet. Even if some teams do sell shares publicly, they’re sure to put in plenty of anti-takeover provisions. For instance, when H. Wayne Huizenga took the NHL’s Florida Panthers public, he made sure he controlled nearly all the shares with voting power.
Small-market teams are looking for public money as a way to stay solvent. Large-market clubs could use the money for two purposes: profits for investors and capital to sign more free agents.
sponsored According to two 2015 surveys, 62 percent of Americans do not have enough savings to handle an unexpected emergency, much less any long-term plans.