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<blockquote data-quote="TJV" data-source="post: 461306" data-attributes="member: 4300"><p><span style="color: #000000"><span style="font-family: 'Tahoma'">We disagree on the importance of the Packers cash reserve vs. every other team in the league. Yes, the Packers don’t pay dividends on their stock, don’t have to support an ownership family, and the team can raise a great deal of money from stock offerings. But the proceeds of those sales must be kept separate from other team funds and can only be used for NFL approved expenditures like stadium renovation; they cannot be used for front office – or more important - players salaries. </span></span></p><p> </p><p><span style="font-family: 'Tahoma'"><span style="color: #000000">Remember when Harlan was going door to door to get taxpayer support for the stadium renovation? Here’s a quote from a June, 2000 story in Sports Business Daily: </span></span></p><p><a href="http://www.sportsbusinessdaily.com/Journal/Issues/2000/06/20000605/No-Topic-Name/Packers-Play-The-Poverty-Card.aspx" target="_blank"><u><span style="color: #800080"><span style="font-family: 'Tahoma'">http://www.sportsbusinessdaily.com/Journal/Issues/2000/06/20000605/No-Topic-Name/Packers-Play-The-Poverty-Card.aspx</span></span></u></a><span style="color: #000000"><span style="font-family: 'Tahoma'"> Harlan may have been guilty of exaggeration but there’s no question the Packers were headed in the wrong direction, fiscally. </span></span></p><p> </p><p><span style="color: #000000"><span style="font-family: 'Tahoma'">The Packers are in a great financial position <em>currently</em> but as other teams build new stadiums there’s a danger the Packers will slip down the league revenue rankings again. Every other team can sell its franchise – Forbes 2012 list values the Jaguars franchise - #32 on the list - at $770M. Every other team can receive a cash infusion from its ownership. Every other team can sell an ownership interest for an infusion of cash. So the latest Lambeau renovation adding seats wasn’t a “luxury”, it was a necessity as are the Packers efforts to continue to build a commercial destination around Lambeau Field. Forbes reports the Cowboys (valued at $2.1<strong>B</strong>) had $100M+ more in operating income than any team in the league last season. Daniel Snyder’s use of UFA like a fantasy football team owner is only possible because of his non-football related deep pockets. </span></span></p><p> </p><p><span style="color: #000000"><span style="font-family: 'Tahoma'">Almost every other team can afford to make mistakes in paying large signing bonuses to manipulate the cap and not worry about cash reserves. Only the Packers franchise is in trouble if their cash reserves are depleted. So yes, short-term salary cap constraints are the biggest concern vis keeping the core of the team in place. But medium- and long-term the Packers have to jealously guard their cash reserves because it’s unrealistic to expect the team to stay in contention for a title in perpetuity. Their margin for error regarding cash expenditures is smaller than any other NFL team’s. </span></span></p></blockquote><p></p>
[QUOTE="TJV, post: 461306, member: 4300"] [COLOR=#141414][FONT=Georgia] [/FONT][/COLOR][COLOR=#000000][FONT=Tahoma]We disagree on the importance of the Packers cash reserve vs. every other team in the league. Yes, the Packers don’t pay dividends on their stock, don’t have to support an ownership family, and the team can raise a great deal of money from stock offerings. But the proceeds of those sales must be kept separate from other team funds and can only be used for NFL approved expenditures like stadium renovation; they cannot be used for front office – or more important - players salaries. [/FONT][/COLOR] [COLOR=#000000][FONT=Tahoma] [/FONT][/COLOR] [FONT=Tahoma][COLOR=#000000]Remember when Harlan was going door to door to get taxpayer support for the stadium renovation? Here’s a quote from a June, 2000 story in Sports Business Daily: [COLOR=black][/COLOR][/COLOR][/FONT] [URL='http://www.sportsbusinessdaily.com/Journal/Issues/2000/06/20000605/No-Topic-Name/Packers-Play-The-Poverty-Card.aspx'][U][COLOR=#800080][FONT=Tahoma]http://www.sportsbusinessdaily.com/Journal/Issues/2000/06/20000605/No-Topic-Name/Packers-Play-The-Poverty-Card.aspx[/FONT][/COLOR][/U][/URL][COLOR=#000000][FONT=Tahoma] Harlan may have been guilty of exaggeration but there’s no question the Packers were headed in the wrong direction, fiscally. [/FONT][/COLOR] [COLOR=#000000][FONT=Tahoma] [/FONT][/COLOR] [COLOR=#000000][FONT=Tahoma]The Packers are in a great financial position [I]currently[/I] but as other teams build new stadiums there’s a danger the Packers will slip down the league revenue rankings again. Every other team can sell its franchise – Forbes 2012 list values the Jaguars franchise - #32 on the list - at $770M. Every other team can receive a cash infusion from its ownership. Every other team can sell an ownership interest for an infusion of cash. So the latest Lambeau renovation adding seats wasn’t a “luxury”, it was a necessity as are the Packers efforts to continue to build a commercial destination around Lambeau Field. Forbes reports the Cowboys (valued at $2.1[B]B[/B]) had $100M+ more in operating income than any team in the league last season. Daniel Snyder’s use of UFA like a fantasy football team owner is only possible because of his non-football related deep pockets. [/FONT][/COLOR] [COLOR=#000000][FONT=Tahoma] [/FONT][/COLOR] [COLOR=#000000][FONT=Tahoma]Almost every other team can afford to make mistakes in paying large signing bonuses to manipulate the cap and not worry about cash reserves. Only the Packers franchise is in trouble if their cash reserves are depleted. So yes, short-term salary cap constraints are the biggest concern vis keeping the core of the team in place. But medium- and long-term the Packers have to jealously guard their cash reserves because it’s unrealistic to expect the team to stay in contention for a title in perpetuity. Their margin for error regarding cash expenditures is smaller than any other NFL team’s. [/FONT][/COLOR] [/QUOTE]
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