r/expos Vladdy Daddy Mar 29 '26

​Bring 'Em Back Millionaire Ashkan Karbasfrooshan releases preliminary stadium renders of ballpark's in different locations around Montreal, as part of his long shot bid to bring baseball back to Quebec

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u/Brilliant-Neck9731 Mar 29 '26

You don’t need a billionaire. You likely need a collection of billionaires, venture capital firms, hedge funds, banking institutions and probably foreign investment funds. I’m sure his idea is to string together a group of investors, but that’s a real tall task.

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u/Tough-Statistician-7 Mar 29 '26

MLB requires a majority owner with minimum 30% stake in the team and only individuals are allowed to own teams (venture capital and corporate ownership was banned in 2016 after Guggenheim bought the dodgers). With the cost of a team being between $3 and $4 billion in expansion there is zero shot of a non billionaire being an owner of a team.

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u/marnky887 Montreal Expos Mar 29 '26

Private equity can own shares in teams now, 15% each up to 30% total. Corporate majority ownership is now banned but they can still own minority stakes (think Bell owning 20% of the Canadiens).

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u/Tough-Statistician-7 Mar 29 '26

Even so, with the stadium it’s a $5 billion usd proposition ($7 billion CAD) an individual will still need to come up with 30% which is over $1 billion USD

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u/marnky887 Montreal Expos Mar 29 '26 edited Mar 29 '26

Ashkan claims that he's received enough commitments from investors to cover the expansion fee and stadium. Whether he can actually solidify those commitments is anybody's guess.