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Team Ownership By The Fans

Discussion in 'Packer Fan Forum' started by Rascus, Jan 22, 2008.

  1. Rascus

    Rascus Cheesehead

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    Can anyone explain how the ownership of the Packers team works? Hear so much about it and just really wondering how the whole concept comes together and what are the pros and cons of it? Think its feasible for other NFL teams to adopt the same kind of approach? Anyway hoping I can get some insight into the whole concept....and thanks much.
     
  2. JoshTheChild

    JoshTheChild Cheesehead

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    ya I was wondering the same thing
     
  3. PackinSteel

    PackinSteel Cheesehead

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    Well, having heard the spiel on the Lambeau tour twice now I'll tell what I know. The Green Bay Packers are a private corporation. The shareholders are (and can only be) Brown county residents. Shares may not be sold although I do believe they can be tranferred upon death.

    Once a year they all get together at Lambeau and decide on the day-to-day activities of MM and TT for the following year

    (that last part is made up although they do have an annual stockholders meeting).
     
  4. TOPackerFan

    TOPackerFan Cheesehead

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    The shareholders can be from outside Brown County. If the team is ever sold, everyone receives their original investment (i.e. original share price paid) and the left over $, which would be substantial, goes to Brown County to build a Veterans' Memorial. Shares are not freely assignable (can only be sold back to the corporation), do not increase in value and receive no dividends or other distributions.
     
  5. JoshTheChild

    JoshTheChild Cheesehead

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    I hope the team never leaves GB
     
  6. nathaniel

    nathaniel Cheesehead

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    There's no such thing as a guarantee in this day and age, but the way it's set up is pretty damn close to assurance the Pack will never leave GB.
     
  7. JoshTheChild

    JoshTheChild Cheesehead

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    ya the houston oilers broke my heart a long time ago when they left houston( which is the day I became a packer backer), the thought of the state of wisconsin losing a team that means everything would be even worse!
     
  8. Zombieslayer

    Zombieslayer Cheesehead

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    I remember the old Houston Oilers theme song.

    "We're the Houston Oilers!
    The Houston Oilers!"

    I lived in Houston when the Oilers were in town. Also, remember watching Earl Campbell. Only RB I've ever seen who would actually go out of their way to run someone over. Now makes pretty good sausages.
     
  9. JoshTheChild

    JoshTheChild Cheesehead

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    ya man I don't go back to the earl cambell days, but I know he could run that football! and hell ya I have that houston oilers theme song on my ipod lol. Although I am sad they left it did allow me to become a packer backer which ended up being so awesome!
     
  10. nathaniel

    nathaniel Cheesehead

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    The Oilers were still the Oilers for a while in Tennessee right? They weren't the Titans until a year or so after?
     
  11. yooperfan

    yooperfan Cheesehead

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    You don't have to be a Brown County resident, many thousands of shares are held by residents of Michigans Upper Peninsula.
     
  12. longtimefan

    longtimefan Super Moderator Staff Member Super Moderator

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    from packers.com

     
  13. JoshTheChild

    JoshTheChild Cheesehead

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    ya they were the oilers for a little bit in tennessee, they played their home games in memphis at the liberty bowl while the new stadium in Nashville was being built
     

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