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| Own a Piece of Baseball History: Mickey Mantle's Boyhood Home Shares Available for Just $7 |
Fans of baseball legend Mickey Mantle can now own a part of history with the opportunity to purchase shares in his boyhood home for as little as $7. Rally, a collectibles company known for offering shares in various valuable items, including vintage watches and sports cars, is making it possible for fans to own a piece of the Commerce Comet's legacy.
The historic home, located in Commerce, Oklahoma, is valued at $329,000 and will offer up to 47,000 shares at $7 each. This unique offering opens to the public on October 27, allowing fans and collectors to participate in fractional ownership of a real estate asset associated with one of the most iconic figures in sports history.
Mickey Mantle, who famously wore the number 7 jersey for the New York Yankees and led the team to seven World Series titles, is a beloved figure in the world of baseball. Rally is venturing into uncharted territory by bringing fractional ownership to a real estate asset. They plan to convert the house, which they acquired in 2022 for $175,000, into a museum, making it accessible to fans and enthusiasts.
Rally sees potential for various future endeavors, including Airbnb-style short-term rentals, trading cards featuring pieces of the property, and even the construction of a little league field on the premises. The direction of the property will be determined by shareholders, and the company aims to ensure the best interests of investors are met. Shareholders will also have a say in when to sell the property, according to Rally's regulatory filings.
Rally plans to retain a 1% to 5% ownership stake in the house and has already invested approximately $50,000 in refurbishments and maintenance. They anticipate covering operating expenses for at least one year. For costs related to taxes, insurance, repairs, improvements, and museum operations, Rally's cash reserves will provide a cushion for the first three to five years.
In an effort to involve the local community, Rally intends to offer free shares in the property to city residents. About 2,200 shares have been allocated for residents, with Rally covering the costs to ensure the value of other shares remains intact.
Mickey Mantle's boyhood home, situated in Commerce, Oklahoma, holds sentimental value to fans. It was in this very home that Mantle honed his baseball skills, taking at-bats in the yard and developing his iconic hitting abilities. The property is steeped in history and nostalgia, making it a compelling investment for fans of the game.
While some skeptics have raised concerns about Rally's valuation of the property, the company aims to assure the public that their intentions are to preserve and maintain this important piece of baseball history. Fractional ownership may not always be a lucrative venture, but it offers fans a unique opportunity to connect with a beloved sports icon.
Mickey Mantle's legacy remains unparalleled in the world of baseball, and this new opportunity allows fans to be part of his story. While owning a $12.6 million 1952 Topps Mickey Mantle card may be out of reach for many, this affordable chance to own a piece of Mantle's history is a dream come true for baseball enthusiasts and collectors alike.
Fractional ownership companies like Rally are changing the landscape of collecting, making it more accessible for fans to participate in preserving the legacies of their favorite sports figures. Mickey Mantle's boyhood home represents a significant part of baseball history, and now, you can be a part of it for just $7. Don't miss this extraordinary opportunity to invest in a piece of the game's heritage.
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