Legendary Yankees Mickey Mantle's Boyhood Home to be Sold Via Fractional Ownership for $7 Shares, Company Announces
Rally to open historic Mantle home to investors and fans for $7 shares.
- Rally, a collectibles company, announced that it will sell up to 47,000 shares in Mickey Mantle's childhood home, priced at $7 apiece, referencing Mantle's jersey number.
- Mantle and his family moved into the house when he was four. It was here that Mantle learned to hit, practicing at the rusted tin-covered shed in the property's backyard.
- Fractional ownership, the purchasing method implemented by Rally, allows individuals to own a portion of a property and share usage rights. This affords buyers more control over the property than a timeshare agreement.
- Rally is planning multiple uses for the property including converting it into a museum, setting it up for short-term Airbnb-style rentals, and creating trading cards with pieces of the property embedded in them.
- In a gesture of goodwill, Rally plans to offer 2,200 shares in the property to residents of Commerce, Oklahoma - Mantle's hometown - free of charge.