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Precedent Deals

In 1998 the Cleveland Indians owner sold 40% of the Team to the public, via an IPO. 4,000,000 shares were sold at $ 15 per share. Commissioner Bud Selig approved this transaction. The IPO was successful, and for years the Indians operated as a public/private entity.

 

The Plan

We propose public ownership of the Los Angeles Dodgers Baseball Team, through an Initial Public Offering (IPO) that shall raise $ 800,000,000.00. This is the generally accepted market value of the Team.

The Offering

2,000,000 Shares @ $ 400.00 per Share

The Offering shall be managed by a syndicate of investment banks. We will require that at least one (1) of the investment banks involved in the selling syndicate be a Los Angeles - based bank.

The Management

15 Member Board of Directors, elected by the Shareholders. A founding Board will be presented to the Shareholders at the time of the Offering for approval. The Members terms will be in compliance with generally accepted corporate governance rules of public companies. The Shareholders will vote annually at their Annual Shareholder Meeting for Members.

5 Member Management Committee, chosen by the Board, to oversee the hired professionals, and day-to -day operations.

Profit Distributions

Subject to Shareholder approval, the Team shall retain all earnings for the first few years. These earnings shall be reinvested in the new Dodger Organization.

At some point in the future, the Board may elect to declare a dividend.