By Seth Tucker
MOLINE - Have you ever wanted to own part of a sports team but couldn't ever get your foot in the door? Well now's your chance! The Quad City Steamwheelers of the IFL are selling stocks of their team for as little as $125.
Majority owner Doug Bland sold an estimated 10% of the team to brokerage firm IPO Wallet, where they are now selling portions of the team to anyone who wants to put up the dough. Bland, in an interview with the Quad City Times, mentioned that he and other owners of the team had been thinking of selling shares to the general public for awhile, but that the cancelling of the 2020 season gave them the little extra push to go for it. In October of 2020, the team announced on social media that they would be selling shares of the team to the public.
What exactly comes with owning part of the Steamwheelers? Well for starters, it can be an investment, and after a period of years, you could sell your portion of the team in hopes that the team's value has gone up in that time so that you can make a bit of money. On the website where you can make your investment, Home - IPO Wallet, they list off a number of tiers and what comes with investing at each tier, starting with $125. At the minimum, you'll receive a stock certificate of ownership, a 10% discount on all merchandise and tickets, and an invite to the annual team owner's meeting where you will get to tour the arena, practice facility and "weigh in on matters of team importance," according to their IPO Wallet page. Other incentives include free tickets to games, jerseys and other merchandise, and a championship ring should the Steamwheelers win a championship.
For more information on the investment, visit IPO Wallet.
So what are you waiting for? Invest in the Quad City Steamwheelers now!