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 word public:
“The square dance fiddler’s first concern is to carry a tune, but he must carry it loud enough to be heard over the noise of stamping feet, the cries of the “caller,” and the shouts of the dancers. When he fiddles, he “fiddles all over”; feet, hands, knees, head, and eyes are all busy.”
—State of Oklahoma, U.S. public relief program (1935-1943)