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.
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Famous quotes containing the words public and/or company:
“How difficult the task to quench the fire and the pride of private ambition, and to sacrifice ourselves and all our hopes and expectations to the public weal! How few have souls capable of so noble an undertaking! How often are the laurels worn by those who have had no share in earning them! But there is a future recompense of reward, to which the upright man looks, and which he will most assuredly obtain, provided he perseveres unto the end.”
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“We’re too unseparate. And going home
From company means coming to our senses.”
—Robert Frost (1874–1963)