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Dude · 05-22-2002, 12:11 PM

Interesting...

I think a combination of your ideas could work.

1. Stock options, exactly as you’ve outlined.
2. A conglomeration of local business that would conceivably have co-op advertising interest in the team.

Consider that the Whitecaps lose ~$350,000.00 / year (this number may be a bit exaggerated, but realistic). Divide that by 10 local companies, that comes down to a budget of $35,000.00 / year. Basically, this loss would be written off as an advertising expense, and the company would have pretty much unlimited use of the Whitecaps name & facility for advertising and cross promotion. It seems to me that $35,000.00 / year is a fairly reasonable yearly budget for a medium-to-large local company to invest, if it can be justified as a reasonable advertising value. Companies like Umbro, The Keg, & Save-On Foods may actually see this as a value.

Of course, to make this work, you would need one of the companies to hold majority ownership (i.e.: 11%) to make this work, and that company would have to be seen as clearly in charge, and control. For example, that company could be ProWave, directed by Leonard Bobarduzzi.

Anyhoo…just a thought…

DudewouldliketoseetheWhitecapscaaryonindeffinetly

05-22-2002, 12:11 PM	#96 (permalink)
Dude Member Joined: Jul 2001 Location: Where my kids are Posts: 8,262 TTP Friends: (3)	HOS ideas Interesting... I think a combination of your ideas could work. 1. Stock options, exactly as you’ve outlined. 2. A conglomeration of local business that would conceivably have co-op advertising interest in the team. Consider that the Whitecaps lose ~$350,000.00 / year (this number may be a bit exaggerated, but realistic). Divide that by 10 local companies, that comes down to a budget of $35,000.00 / year. Basically, this loss would be written off as an advertising expense, and the company would have pretty much unlimited use of the Whitecaps name & facility for advertising and cross promotion. It seems to me that $35,000.00 / year is a fairly reasonable yearly budget for a medium-to-large local company to invest, if it can be justified as a reasonable advertising value. Companies like Umbro, The Keg, & Save-On Foods may actually see this as a value. Of course, to make this work, you would need one of the companies to hold majority ownership (i.e.: 11%) to make this work, and that company would have to be seen as clearly in charge, and control. For example, that company could be ProWave, directed by Leonard Bobarduzzi. Anyhoo…just a thought… DudewouldliketoseetheWhitecapscaaryonindeffinetly __________________ Om nom nom nom...