Public Company
The Roughriders are one of only a few publicly owned professional sports companies in North America, complete with a board of directors. The Roughriders' public ownership model is similar to the Green Bay Packers where a limited number of shares have been sold to the public. It is not possible to resell these shares, no dividend payment is possible and no person may hold more than 20 voting shares. A recent public offering of Rider Shares — Series 1 — commenced in 2004 at an offering price of $250 per share In 2006 the Ottawa Sun reported that the Roughriders had sold around 3,000 at $250 each. The Series 1 offering closed in 2008 after all 6,000 shares were sold. A second public offering, Series 2, was launched in 2010 in honour of the team's 100th anniversary.
Read more about this topic: Saskatchewan Roughriders
Famous quotes containing the words public and/or company:
“In common with other rural regions much of the Iowa farm lore concerns the coming of company. When the rooster crows in the doorway, or the cat licks his fur, company is on the way.”
—For the State of Iowa, U.S. public relief program (1935-1943)
“A man should not go where he cannot carry his whole sphere or society with him,Mnot bodily, the whole circle of his friends, but atmospherically. He should preserve in a new company the same attitude of mind and reality of relation, which his daily associates draw him to, else he is shorn of his best beams, and will be an orphan in the merriest club.”
—Ralph Waldo Emerson (1803–1882)