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Fire seek season ticket and ownership support in quest for AFL

July 19, 2007 - arenafootball2 (af2) - Louisville Fire News Release

Will Wolford, who has been the primary owner of the Louisville Fire Arena Football team for six years, is looking to decrease his ownership as the primary owner and open up shares to new interested owners.

"I want to open ownership up to the city of Louisville. I want owners who are passionate about football, people who are passionate about Arena Football, and more importantly citizens who are passionate about the city of Louisville. We need support, we have such talented players that its time for people to put their money where their mouth is, not only from an ownership standpoint but as season ticket holders."

Wolford's plan is to sell 500 shares of the team for $1000 each. If season ticket holders increase from 1740 to 3500 he will buy the team back in hopes to make a push to the Arena Football League in two years.

"I will still own up to 10% of the team. I want momentum and I think this can do it. I want momentum for everyone to embrace this franchise as Louisville, Kentucky's team. Let's face reality here, the National Hockey League, National Basketball Association, and the National Football League are not coming to Louisville for awhile. The city of Louisville is not an AF2 type of city. It is however an AF1 city. It's time for everyone to step up. Louisville could be the home of an Arena Football one team in a couple years if people will step up. "

In a press conference Wolford explained how much he appreciated the ownership style of the NFL's Green Bay Packers. The Packers are currently the only non-profit, community owned major league professional sports team in the United States. Currently, a total of 4,750,925 shares are owned by 111,967 stockholders.

"I love the way the Packers do it, they have the 100 thousand owner's concept. By stepping down I feel like I am doing what's best for the city. We are doing exceptional in all areas except that our season ticket holders are so low. Season tickets are the engine of a sports franchise. Immediate improvement is needed if Louisville wants to push to the Arena Football League."

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The opinions expressed in this release are those of the organization issuing it, and do not necessarily reflect the thoughts or opinions of OurSports Central or its staff.

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