A non Favre thread! Packer history question.....

[3irty1]

To my knowledge the Packers were first sponsored by the Indian Packing Company who was the employer of Curly Lambeau and then later bought by Lambeau and other backers leading to the public ownership we have today.

The stock in the Packers is not stock as you know it. Its a donation of money and a certificate. There is not always stock available to buy so most stockholders are proud to support the team. The last time stock was available it was for the renovations to Lambeau Field.

When did the current format go into place?


It sounds kind of like a hybrid. It isn't really stock but allows you to vote on board members which obviously a say in how things are run.

Does a person get one vote for each certificate they own?

You can read everything here if you are really interested:

http://en.wikipedia.org/wiki/History_of_the_Green_Bay_Packers

From Wikipedia:
"Based on the original "Articles of Incorporation for the (then) Green Bay Football Corporation" put into place in 1923, if the Packers franchise was sold, after the payment of all expenses, any remaining monies would go to the Sullivan-Wallen Post of the American Legion in order to build "a proper soldier's memorial." This stipulation was enacted to ensure the club remained in Green Bay and that there could never be any financial enhancement for the shareholders. At the November 1997 annual meeting, shareholders voted to change the beneficiary from the Sullivan-Wallen Post to the Green Bay Packers Foundation."

[Rastak]

To my knowledge the Packers were first sponsored by the Indian Packing Company who was the employer of Curly Lambeau and then later bought by Lambeau and other backers leading to the public ownership we have today.

The stock in the Packers is not stock as you know it. Its a donation of money and a certificate. There is not always stock available to buy so most stockholders are proud to support the team. The last time stock was available it was for the renovations to Lambeau Field.

When did the current format go into place?


It sounds kind of like a hybrid. It isn't really stock but allows you to vote on board members which obviously a say in how things are run.

Does a person get one vote for each certificate they own?

You can read everything here if you are really interested:

http://en.wikipedia.org/wiki/History_of_the_Green_Bay_Packers

From Wikipedia:
"Based on the original "Articles of Incorporation for the (then) Green Bay Football Corporation" put into place in 1923, if the Packers franchise was sold, after the payment of all expenses, any remaining monies would go to the Sullivan-Wallen Post of the American Legion in order to build "a proper soldier's memorial." This stipulation was enacted to ensure the club remained in Green Bay and that there could never be any financial enhancement for the shareholders. At the November 1997 annual meeting, shareholders voted to change the beneficiary from the Sullivan-Wallen Post to the Green Bay Packers Foundation."

Thx!

It started with a semi-smartassed comment I made yesterday and then I realized I really didn't understand the history so I should STFU until I do.

[falco]

...then I realized I really didn't understand the history so I should STFU until I do.

in this regard, you are unique amongst your peers here

[Rastak]

Ok, I got it now. There is a limit to the number of shares someone can hold.

Interesting article. It sounds like this was in place almost from the start.

[MJZiggy]

The other detail I recall from the last offering was that once you buy the stock, you cannot sell it. You can bequeath it, but not sell it like a normally traded stock.

[MJZiggy]

Who wants my chicken soup recipe???

I want it.

[mmmdk]

Who wants my chicken soup recipe???

I want it.

Hey MJ - it's good to be back a la Favre.