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Bronco Stock - Boise State Broncos, Inc.
Proceeds from Bronco Stock will be used to build new athletic facilities that help keep our nationally-recognized coaching staffs and attract the best student-athletes possible. A total of 200,000 shares will be issued during this inital Blue Chip Stock offering at a cost of $100 per share.
What you think...time for Cyclone Stock?
Personally, I don't like it due to the whole voting aspect of it. I'm not sure how the voting would work or what you vote for, but I want the Athletic Director making the decisions and not a group of fans.
I agree, I like fundraising, but not that part....maybe vote on the next event, not the use of funds.Quote:
Originally Posted by SCNCY
Good idea....they are using it to expand their south endzone. :biggrin:
They are in the MTN West conference now, why on earth would they need to raise money? The TV network will keep them a float for years to come. :pwink: God that was almost us!
Question is if Pollard launched a fund raising tool such as this would you buy in?
I would not because donating the money to the Athletic Department and buying season tickets would be enough for me, and I have no business in having a say in Athletics. However, I'm sure people would buy this because it would give a chance for people who donate a relatively small amount a sense of entitlement to the Athletic Department. For the most part, there are always a few people who donate a lot of money to the Athletic Department and they are in the know about what is going on inside. Iowa State does not have a problem with these people like other schools do (Boone Pickens). This idea sounds like its a way for that person who donates a couple hundred dollars a way to know and have a say in the way the department does things, which I do not like. So basically, will people buy in to this. My answer is Yes.Quote:
Originally Posted by JCloned
I read through the brochure and such kind of quickly, but I didn't see where it said they would be voting on which projects move forward. The closest thing I saw was that the members will recieve an "invitation to shareholder meetings" and "voting rights to elect Directors" presumably of the "corporation." Doesn't sound like they will weild any real power. Did I read that wrong?
Yeah, it doesn't really say much as to what this board of directors will do, as well as the role of the board of directors. As we all know, the board of directors sets the long term goals of an organization and the CEO carries it out. But the Athletic director already does this so why is there a need for the board. I know they are trying to raise capital by selling stock (which essentially would be no different than just donating the money in this case), but the added value is that you are now a 'owner' and that sounds cool.Quote:
Originally Posted by LutherClone
I think that the Board of Directors for "Boise State Broncos, Inc." will serve a very very limited role. I think their main goal is to caputre the sentiment that the Packers have with their fans who are part "owners" of the team. Just my 2 cents.Quote:
Originally Posted by SCNCY
The Packers are a good analogy, it is an interesting approach. Frame your stock certificates and put on your wall...Quote:
Originally Posted by LutherClone
Memorial Union was originally, in part, financed this way. The students bought shares, and I believe MU was student-owned until recently.Quote:
Originally Posted by JCloned
Of course, I'm not sure what if anything the original purchasers got for their money. The right to vote on stuff?
It's a bad idea as a political move. I know it isn't functioning like a corporate stock, but it is just one more thing politicians interested in eliminating tax exempt status can point at and say "see". One more thing to make it appear to be more about being a profit organization.
News flash, it is a for profit organization. They just spend all the profits and wahlah... it magically becomes a non profit.Quote:
Originally Posted by vmbplayer
News flash, everyone knows that, but politics is all about perception. This is one more bullet for the revolver of the pols that want tax exempt status revoked from college athletics.Quote:
Originally Posted by Cyclone06