"The Super Bowl champion Green Bay Packers got the NFL's approval this week to sell more stock to the public, but even the Pack can't compete with the buzz of another anticipated "football" stock offering.
Manchester United, the English soccer club valued at $1.8 billion by Forbes and perhaps more by its rabid global fan base, is pondering an initial public offering. The club could reap $2.8 billion from wannabe "owners" if and when it begins to list on Singapore's stock exchange, according to reports."
The article goes on to discuss the drawbacks of a purchase and comes down on the side that while it is a novelty and nice to talk about, as an investment buying your favorite team is often not a very good investment. This is best summarized:
"One of the team's celebrity followers told DailyFinance he has no plans to become No. 111,508. Dominic Fumusa, a Wisconsin native who plays Edie Falco's husband on the Showtime series Nurse Jackie, said, "Nobody is a bigger Packer fan than me, but this makes as much sense to me as people who pay money to have a star in the sky named after a loved one.""
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