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silentbob_7264 · 09-11-2004, 03:05 AM

As a last-ditch effort to sell the team, Dave Lageschulte, owner of the Arena Football League's Indiana Firebirds, put the franchise up for bid on eBay on Thursday night. As of 4 p.m. ET Friday, one person had matched the minimum opening bid of $1 million, though the auction reserve price has not been met.

The winner of the auction, which will close on Sept. 16, receives the AFL rights to the Indiana market, the team assets and the lease at Conseco Fieldhouse in Indianapolis. The Firebirds are one of two AFL teams expected to announce that they will fold when the league's board of directors meet on Sept. 20.

As of right now, 17 bids have been placed, with the top bid now at over 2.2 million dollars. The reserve has still not been met.

Requirements for potential bidders:

According to AFL requirements, any purchasers are subject to thorough background and financial investigations and must meet a combined net worth of $60 million and must have at least $6 million liquid post-purchase to operate the team. All application materials and fees must be submitted and processed by the AFL prior to September 20, 2004. Application approval requires a 3/4 affirmative vote by the AFL Board of Directors.

http://cgi.ebay.com/ws/eBayISAPI.dll...519718868&rd=1

CM1847 · 09-11-2004, 09:29 PM

So why is there a reserve? IF they are going under, take any money you can get and run......especially when that money is currently 2.7 million dollars.

horsemen · 09-11-2004, 10:59 PM

Great, AFL teams going under and being sold on e-Bay, yet a well supported team like the Iowa Barnstormers is allowed to move from a city that built a new arena for them. I still have a vendetta against the league for that. Somebody buy the Firebirds and move them back to Des Moines.

bjf1377 · 09-11-2004, 11:46 PM

But this raises the question: would you rather have the Firebirds, or the MIG fighter jet that was on there a few months back (both for about $3-5 million)?

SPTO · 09-12-2004, 05:41 AM

Yeesh and I thought the CFL was bad when it comes to folding franchises. I thought you couldn't get any worse then folding a franchise in the MIDDLE of the season but this tops the cake.

49ersrule23 · 09-12-2004, 09:56 AM

Maybe I should bid for them.

Sabercatsfan · 09-14-2004, 01:46 AM

Just what I need, my own Arena Football team.

silentbob_7264 · 09-14-2004, 02:59 AM

I've been told the reserve is set at 5 million.

09-11-2004, 03:05 AM	#1
silentbob_7264 Rookie OVR: 1 Join Date: Dec 2003	AFL's Indiana Firebirds for sale on eBAY As a last-ditch effort to sell the team, Dave Lageschulte, owner of the Arena Football League's Indiana Firebirds, put the franchise up for bid on eBay on Thursday night. As of 4 p.m. ET Friday, one person had matched the minimum opening bid of $1 million, though the auction reserve price has not been met. The winner of the auction, which will close on Sept. 16, receives the AFL rights to the Indiana market, the team assets and the lease at Conseco Fieldhouse in Indianapolis. The Firebirds are one of two AFL teams expected to announce that they will fold when the league's board of directors meet on Sept. 20. As of right now, 17 bids have been placed, with the top bid now at over 2.2 million dollars. The reserve has still not been met. Requirements for potential bidders: According to AFL requirements, any purchasers are subject to thorough background and financial investigations and must meet a combined net worth of $60 million and must have at least $6 million liquid post-purchase to operate the team. All application materials and fees must be submitted and processed by the AFL prior to September 20, 2004. Application approval requires a 3/4 affirmative vote by the AFL Board of Directors. http://cgi.ebay.com/ws/eBayISAPI.dll...519718868&rd=1 __________________ Stewie Griffin: My God, I'm to entrust my life to a turtle? Nature's "D" student! Greg Weinstein : Don't pitch the bitch. Deputy Travis Junior : CPT - Colored People Time. Last edited by silentbob_7264; 09-11-2004 at 03:07 AM.

09-11-2004, 09:29 PM	#2
CM1847 Bacon OVR: 19 Join Date: Jul 2002 Posts: 5,372	Re: AFL's Indiana Firebirds for sale on eBAY So why is there a reserve? IF they are going under, take any money you can get and run......especially when that money is currently 2.7 million dollars.

09-11-2004, 10:59 PM	#3
horsemen Pro OVR: 5 Join Date: Jun 2003	Re: AFL's Indiana Firebirds for sale on eBAY Great, AFL teams going under and being sold on e-Bay, yet a well supported team like the Iowa Barnstormers is allowed to move from a city that built a new arena for them. I still have a vendetta against the league for that. Somebody buy the Firebirds and move them back to Des Moines. __________________ "We can all be geniuses because one definition of genius is the infinite capacity for taking pains." Knute Rockne

09-11-2004, 11:46 PM	#4
bjf1377 Lurker OVR: 41 Join Date: Jul 2002 Location: Parma Heights, OH Posts: 6,622 Blog Entries: 5	Re: AFL's Indiana Firebirds for sale on eBAY But this raises the question: would you rather have the Firebirds, or the MIG fighter jet that was on there a few months back (both for about $3-5 million)?

09-12-2004, 05:41 AM	#5
SPTO binging OVR: 53 Join Date: Feb 2003 Location: The 905 Posts: 68,062 Blog Entries: 46	Re: AFL's Indiana Firebirds for sale on eBAY Yeesh and I thought the CFL was bad when it comes to folding franchises. I thought you couldn't get any worse then folding a franchise in the MIDDLE of the season but this tops the cake. __________________ Member of the Official OS Bills Backers Club "Baseball is the most important thing that doesn't matter at all" - Robert B. Parker

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09-12-2004, 09:56 AM	#6
49ersrule23 Banned OVR: 6 Join Date: Apr 2003 Location: Tagged as the Franchise Player	Re: AFL's Indiana Firebirds for sale on eBAY Maybe I should bid for them.

09-14-2004, 01:46 AM	#7
Sabercatsfan MVP OVR: 10 Join Date: May 2003 Location: Washington	Re: AFL's Indiana Firebirds for sale on eBAY Just what I need, my own Arena Football team. __________________ Willie Mays Hayes: “Say hey! Willie Mays Hays here! Play like Mays, but I run like Hays!”

09-14-2004, 02:59 AM	#8
silentbob_7264 Rookie OVR: 1 Join Date: Dec 2003	Re: AFL's Indiana Firebirds for sale on eBAY I've been told the reserve is set at 5 million. __________________ Stewie Griffin: My God, I'm to entrust my life to a turtle? Nature's "D" student! Greg Weinstein : Don't pitch the bitch. Deputy Travis Junior : CPT - Colored People Time.

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AFL's Indiana Firebirds for sale on eBAY