If you are experienced in starting a publicly-traded company, please step forward.
The project is to launch a non-profit company with the sole aim of purchasing a future Montreal major league baseball franchise.
It would follow a model similar to many other teams, such as the Edmonton Eskimos, Green Bay Packer and countless European soccer franchises.
The idea is quite simple: sell $350 million of shares and place it in a fund to buy a baseball franchise to be located in Montreal.
Currently the lowest-costing clubs are the Oakland A's and Tampa Bay Rays, which are evaluated at around $320 million each.
I don't want to deprive another city of their baseball squad but if a team has got to move, it should be to Montreal.
The formula would be to sell 3.5 million shares for $100 each.
So for $100, you become part-owner of the Expos v.2.
Why would you pay $100 to be part-owner of a Montreal baseball team?
Because you'd have bragging rights and a plaque on your wall that your kids will show off to their friends.
Also, many Montrealers are not owners of anything, they rent their apartments, take the bus and have no property to speak of, this would be the jewel in the crown of things they could be owners of for a low price.
Until the team is purchased, the money will sit in a fund gaining interests and, worst- case scenario, the investors would get reimbursed after a few years if it proves impossible to buy a team.
The reason people have to kick-start a grassroots funding initiative is that the local moneyed-class is too slovenly or distracted by inferior sports (Molson hockey, Saputo soccer) to get this off the ground
Besides, citizen-owned teams are cool and have been thriving elsewhere around the planet for a long time.
A community-owned team would also have a stronger voice in negotiating for a grant or loan from government to build a new downtown stadium.
If a stadium isn't immediately ready, the Expos can play in the Olympic Stadium and games would likely be better attended because more people are actively invested in it.
If anybody has experience in such undertakings please pop your idea into the comment section.