Not everyone can afford to own a sports team, but â€” thanks to Darren Thompson â€” owning a piece of the Toronto Maple Leafs may become a reality, reports thestar.com.
So far, Thompson says he has attracted 7,000 pledges with a value of $100 million, and that progress helped create a favourable impression after meetings with ownership representatives on Tuesday.
â€œWe had some conversations with stakeholders and if we get into the ballpark of what a bid should be, then they will entertain our bid,â€ Thompson said.
The financial aspect of Thompsonâ€™s plan is to have one million Canadians pledge $1,000 each, which would get his plan a $1 billion sum needed to seriously enter the bidding process for the team.
With the proper backing from banks â€” Thomson said he will be discussing the feasibility of common shares as one possible way to represent so many potential â€œownersâ€ â€” and other institutions, Thompson said he hopes to return to the stakeholders sometime after the Stanley Cup final in June with a legitimate bid.
Video after the jump.
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