Going public?

**Guruzen** · 05-06-2005, 02:49 AM

The Packers are a publicly listed company that is owned by the people of Green Bay. I do not know all the details, but can somebody please explain why more teams haven't done this, including us?

It is a sound investment... a $600mil franchise that generates between 5-10% ROI.

And, because the fans own it, you can be guaranteed we would be free from relocation and greedy owners whose bottome line is $$$, rather than the interests of the team.

**akvikefan89** · 05-06-2005, 02:53 AM

Minnesotans wont even help pay for a new stadium. One thing to be admitted about people from Wisconsin...They will pay any price to keep the Packers from going under :evil:

**Webby** · 05-06-2005, 03:10 AM

Green Bay was grandfathered in on that. No team can be publicly owned AFAIK by NFL rules.

**Kleinsasser40** · 05-06-2005, 03:29 AM

I say we all jsut buy stock in the Packers, take control of the organization, and drive them into the ground.

**fred3105** · 05-06-2005, 03:31 AM

If only the stock holders had any say.

**DarrinNelsonguy** · 05-06-2005, 03:34 AM

Yeah they sold these Gold certificates to help pay for renevating Lambeau Field and on the certificate it said something to the effect of thank you for your contribution and it was worth nothing. They had more people sign up for the certificates than they had certificaes to sell.

**ultravikingfan** · 05-06-2005, 04:03 AM

"Kleinsasser40" wrote:

I say we all jsut buy stock in the Packers, take control of the organization, and drive them into the ground.

Sherman is already doing that.

**PurplePackerEater** · 05-06-2005, 04:21 AM

"webmaster" wrote:

Green Bay was grandfathered in on that. No team can be publicly owned AFAIK by NFL rules.

I knew the answer to that question, but WHY can't/won't it be changed??

What is the reasoning behind the rule??

How did only one team get grandfathered in??

:idea: It seems more logical to have a city/state own the team, after all the city/state already pays for half of the stadium. Bottom line...it's a source of revenue.

**DarrinNelsonguy** · 05-06-2005, 04:25 AM

The problem is I think because then who will have final say on management decisions and decisions associated with the team. If you have a board of directors it would complicate who has final say on all decisions.

Just my guess and thoughts.

**ultravikingfan** · 05-06-2005, 04:36 AM

The Cleveland Indians sold stock a few years back. I is more a novelty item. There are not any dividends or stake in ownership. It was just a way to raise money for the team.