The four candidates were presented to the organization’s Board of Directors at its meeting this week.īutler is a Pro Football Hall of Famer and a former Green Bay Packers safety, as well as the originator of the famed Lambeau Leap tradition. ![]() The candidate information will be included in proxy information being sent in June to more than 539,000 shareholders in advance of the Annual Meeting, set for Monday, July 24, at 11 a.m. The Green Bay Packers will present four candidates for shareholder vote at July’s Annual Meeting to join the Packers Board of Directors: LeRoy Butler, Laurie Radke, Sachin Shivaram and Christopher Stiles. ![]() The new sound system was in place for the 2011 season, the new video boards and one gate were launched in 2012 and the new seats and second gate will debut for the 2013 season. 6, 2011.Īll proceeds from the offering are going toward the expansion of Lambeau Field, a $143 million project that includes approximately 6,700 seats, new HD video boards, a new sound system and two new gates. More than 269,000 shares were sold during the offering that began Dec. For the first time in a Packers stock offering, international sales in Canada were issued for a short while and accounted for approximately 2,000 shares. 29, 2012, was a tremendous success with the organization adding more than 250,000 new shareholders becoming owners. The organization's fifth stock offering, which ended Feb. Today, approximately 361,300 people (representing approximately 5,009,400 shares) are owners of the iconic franchise. Even more incredible, the Packers have survived and thrived during the current era, permeated by free agency and the NFL salary cap.įans have supported the team financially through five stock sales: 1923, 1935, 1950, 19. One of the more remarkable business stories in American history, the Green Bay Packers organization has been kept viable by its shareholders - its unselfish fans. 18, 1923, when original articles of incorporation were filed with Wisconsin’s secretary of state. Over late 1997 and early 1998, the team added nearly $24 million to its coffers and close to 106,000 stockholders to its rolls.Green Bay Packers, Inc., has been a publicly owned, nonprofit corporation since Aug. When Lambeau Field needed some spiffing up in the late 1990s, the team offered fans the opportunity to buy new shares of stock at $200 a pop. If the Packers find themselves short on cash, all the team needs to do is sell a little more stock. What’s the hidden upside of this ownership structure? Who shows up at the league’s owners’ meetings, then?įor these meetings, the team’s president serves as the stand-in for the Packers ownership. The shares of Packers stock do carry voting privileges like normal shares of stock, so shareholders elect a board of directors that runs the squad. So if there’s no owner, who runs the team? (Think about the monument a modern nine-figure payday could build!) That year the team changed its rules to stipulate that any funds from a sale would have gone to the Green Bay Packers Foundation, a charitable group that’s been around since 1986. Instead, the funds would have gone to the local Sullivan American Legion Post to build a memorial to soldiers who died in World War I.Īmazingly, this rule remained in place until 1997. Under the Green Bay Football Corporation’s original ownership structure from 1923, if the team had been sold, dissolved, or relocated, the shareholders wouldn’t have seen the profits. That’s where things get really interesting. (Insert your own joke about whether or not former Packer Brett Favre will have retired by then here.) What if the team is sold? A January story from Gary D’Amato of the Milwaukee Journal Sentinel reported that if you got on the Packers’ season-ticket waiting list today, you could expect your name to be called for tickets in 955 years. If they did, there would be a lot of irritated shareholders thanks to the team’s, er, lengthy waiting list for tickets. No, the shares have no season ticket privileges. Does owning shares get you on the season ticket list? The stock doesn’t pay a dividend, can’t be sold, and can only be transferred to a family member. ![]() No, don’t go scanning the stock ticker just yet. The team officially incorporated as a nonprofit corporation with 1000 outstanding shares of stock in August 1923. Any fan who bought five shares would get a season ticket for the 1923 campaign. Any fan who would pledge $5 to the team would get one share of stock. It didn’t help matters that the team finished the season in eighth place, either.Īfter that season, fans of the cash-strapped franchise realized that the danger of the team folding was very real, so they began a grassroots campaign to finance the squad with a quick infusion of cash. Things were so dire that season that at one point the Chicago Bears canceled a game against the Pack because Green Bay couldn’t rustle up the funds to cover a $4,000 box office guarantee to the Bears.
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