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Non-Tech : CLEV (Cleveland Indians Baseball Company) -- Ignore unavailable to you. Want to Upgrade?

To: caly who wrote (30)	5/13/1999 7:16:00 PM
From: caly	Read Replies (1) \| Respond to of 68

Good article... espn.go.com And this was in the following linked article... Here's how this all could play out in plain English for an Indians shareholder: Let's say two years from now, Jacobs sells the team for $300 million, possibly a conservative figure based on the fact that sports franchises are now hot commodities for television networks and billionaires drooling at their resell value. Take away the $35 million the club has in debt, according to the Indians' Stefanov, and that leaves the value at $265 million. Since there are 12.5 million shares outstanding, shareholders would receive $21.20 per share. An investor buying into the stock at its current price of 7, therefore, could triple his or her money. That is, if Jacobs, 73, decides to sell the team he has owned since 1986. fnews.yahoo.com