Document Type
Article
Media Type
Text
Abstract
The recent and lingering recession has put a significant financial strain on many industries and businesses in the United States, especially professional sports teams. While professional sports teams may not be the most profitable investment to begin with, owners must still keep them as financially sound as possible. This is especially true in these tough financial times. Going public provides the opportunity to raise capital rapidly and thus cannot be overlooked. Having sufficient capital resources is not just important from a business aspect, but is also necessary from a competitive standpoint. As a result, many teams must explore every avenue to either cut costs or raise additional capital, including going public. Nevertheless, going public entails many challenges and implications. Additional factors, such as SEC rules and regulations, potential investors, and the element of control, must all be considered prior to the initial public offering. In the end, going public could become a valuable tool for professional sports teams to ride out the recession and become more financially stable.
First Page
69
Last Page
94
Publication Date
11-1-2010
Department
Other
ISSN
0734-1490
Language
eng
Publisher
Northern Illinois University Law Review
Recommended Citation
Green, Bryan A. and Garrett, Jorge E. Leal
(2010)
"Considerations for Professional Sports Teams Contemplating Going Public,"
Northern Illinois University Law Review: Vol. 31:
Iss.
1, Article 2.
Suggested Citation
Jorge E. Leal Garrett & Bryan A. Green, Considerations for Professional Sports Teams Contemplating Going Public, 31 N. Ill. U. L. Rev. 69 (2010).
