Buy a piece of the Dolphins?
It’s a long shot for sure, but Stan D’Alo, a Dolphins season ticket holder from Coral Springs, is trying to gauge fan interest in purchasing stock in the team.
He’s launched buythefins.com, a Web site where fans can indicate their interest in purchasing a piece of the Dolphins. He’s estimating 10 million shares at $120 to $130 apiece. No one would be allowed to own more than 2 percent of the total shares.
“We’re going to ask people 'if stock was offered in the team would you buy it?',” D’Alo said. “Basically I want to organize people and see how much interest there is.”
D’Alo was inspired to launch the site after word leaked last month that Dolphins owner H. Wayne Huizenga was in talks to potentially sell the team for at least $1 billion. D’Alo figured it’d be worth trying to make the team a community asset, like the Green Bay Packers.
The Packers, who face the New York Giants in Sunday's NFC Championship game, have been publicly owned since 1923. According to the team's Web site, 112,015 stockholders own more than 4.75 million shares, but the stock doesn’t appreciate and shareholders don’t receive dividends. No one is allowed to own more than 200,000 shares. The company is overseen by a board of directors and an executive committee.
The team is so popular that stock sales have helped the Packers out of financial trouble on four occasions, including as recently as 1997, when fans spent $200 a share to raise $24 million for Lambeau Field renovations.
So far, D’Alo says he has about 20 people on the stock-request waiting list. That’s after he held up a sign at the Dolphins final home game last month. He’s encouraging others to talk up the idea and print out fliers to post at their offices.
“The league doesn’t want to have this kind of ownership,” said D’Alo, a season ticket holder for nine years. “[But] If they want the kind of money they will ask for franchises in the future they aren’t going find a lot of people who are going to be able to lay out that kind of money. It’s going to take corporations to buy teams in the future.”
Corporate ownership is prohibited in the NFL.
“I believe that if people want something they should gather and communicate with others who have the same interest and figure out a way to pay for it with private dollars. That is what my Web site is about,” D’Alo said.
“I leave this up to public debate and let the people decide if they would like to take part in communicating with our organization to make this happen.”




Comments
This is the best Dolphins news in years. Sign me up!
Posted by: Bill | January 16, 2008 11:56 AM
Gimme a piece of that! I'd love to have stock in my favorite team. I agree I think it should have growing value as the team value increases, but either way, I'm in!
Posted by: ChrisG | January 16, 2008 9:21 AM
Doubt it would ever happen...but if it did...I'd buy some shares in a heart beat.
Posted by: JinVA | January 15, 2008 7:55 PM
I want in!!!!!
I signed up & any & all serious DOL-FANS should do this as well. As a fan of the 'Phins for the past 34 years, it would be dreadful to even fathom the idea of the "Mexico Dolphins or L.A. Dolphins" We would have some say in this matter. Now is the time for action. If it can work in Green Bay it can definitely work in Miami. Sh*t or get off the pot; people!!
Posted by: Dolfankirb | January 15, 2008 6:10 PM
Maybe somebody needs to ask Huizenga what he thinks about it. It's all fluff if he's not a willing partner.
Posted by: Stephen | January 15, 2008 5:41 PM
all for it. i do agree about the stock not appreciate in value. how about at least a small dividend. you can sign me up.
Posted by: john kimble | January 15, 2008 4:40 PM
dumb,dumb,dumb,
Posted by: D Sine cera | January 15, 2008 4:04 PM
I'd be up for it too. the part i dont understand is how the stock does not appreciate. that doesnt make any sense. if you own a percent of the team and the team becomes more valuable, then you ownership value should go up as well.
Posted by: Depressed Dolfan | January 15, 2008 1:31 PM
Would the only purpose if this be so a fan could listen in on shareholders meetings and have an overpriced souvenir?
http://0mg.com
Posted by: 0mgcom | January 15, 2008 1:20 PM
I'm all for it and I put my name down. I would love to own a piece of the Dolphins and have some say in what's going on. Maybe I can knock some sense into this franchise so we can stop giving away draft picks for QB's that never pan out. If I was in the front office the day Rick Spielman made the trade for A.J. Feeley I would have fired him on the spot. Even if Feeley would have turned out to be the next Marino, trading a 2nd round pick for a 3rd string QB is just idiotic.
Posted by: datruth55 | January 15, 2008 12:19 PM
What is the upside to owning a stock that doesn't appreciate in value? Everyone knows the team will appreciate in value , and most likely all salaries will also increase . It would only seem fair that a person willing to invest in a venture be allowed to make a profit . See if Huizenga is willing to own the team for no gain and tell me what he says . If the numbers are correct , I think he paid 240 million or so for the team and is asking over a billion .
Posted by: perspective | January 14, 2008 4:50 PM