There are 4015 registered users on this forum.
There are currently 2000 season tickets holders in Ottawa.
This is roughly 6000 people having a high level of interest for the CFL. Whether they like the Renegades or not is irrelevant to the fact that if they want a healthy league, they need all teams to be stable enough not to be bailed out by the others.
If the Renegades' owners want to call it quit and no other buyer is around, that'll mean the team will fold. The current owners would obviously prefer to sell with a loss than lose everything.
If 6000 people put 666 in a bank account, that makes 4 000 000 available.
4 millions $ is way enough to buy something off someone who believe he will just lose it without getting anything in return.
4 millions is also enough to cover the yearly losses of a failing team (the Rens, with their shltty attendance, lost 3,8 M in 2005)
The Obvious Conclusion
Should 6000 fans commit to investing 666$ per year, they could own a football team.
The Renegades would then become the fourth community-owned team of the league. It would be managed by a board elected by its 6000 members. President of the board would act as governor.
Plus, as an incentive to invest 666 $, every investor could get a season ticket for the Renegades game. Frank Clair Stadium holds 28 8000, so giving 6000 tickets to the owners would not compromise the sale of 22 800 seats (which is way more than what they sell now).
I know not every one on this site would invest, but:
- All we'd need would be to meet the number 6000, no matter where the investors are found.
- Getting more than 6000 could lower the investment of each one.
- If someone wants to invest 1333$ to get two shares, or 2000$ to get three, that's as many people as we can afford to lose on the overall 6000.