The Green Bay Packers are 100 years old this season and are called “The Last Small Town Team”. I’ve been in Green Bay, it’s not big.
Alone among Major League Franchises in any sport, the Packers are not owned by an individual or a syndicate, but instead by a public corporation which, if not a perfect model of Anarcho-Syndicalism (bring on those Commies, I’ll kick their ass), is at least an exemplar of corporate democracy and with strict limits on share concentration about the farthest thing from a normal company.
The Packers are the only community-owned franchise in North America’s four traditional major leagues. Rather than being the property of an individual, partnership, or corporate entity, they are held in 2014 by 360,584 stockholders. No one is allowed to hold more than 200,000 shares, or approximately 4% of the 5,011,557 shares currently outstanding. It is this broad-based community support and non-profit structure which has kept the team in Green Bay for nearly a century in spite of being the smallest market in all of North American professional sports.
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There have been five stock sales to fund Packer operations over the team’s history, beginning with $5,000 being raised through 1,000 shares offered at $5 apiece in 1923. Most recently, $64 million was raised in 2011–2012 towards a $143-million Lambeau Field expansion. Demand exceeded expectations, and the original 250,000 share limit had to be increased before some 250,000 new buyers from all 50 U.S. states and Canada purchased 269,000 shares at $250 apiece, approximately 99% online.The original “Articles of Incorporation for the Green Bay Football Corporation”, enacted in 1923, specified that should the franchise be sold, any post-expenses money would have gone to the Sullivan-Wallen Post of the American Legion to build “a proper soldier’s memorial.” This stipulation was included to ensure there could never be any financial inducement for shareholders to move the club from Green Bay. At the November 1997 annual meeting, shareholders voted to change the beneficiary from the Sullivan-Wallen Post to the Green Bay Packers Foundation, which makes donations to many charities and institutions throughout Wisconsin.
Even though it is referred to as “common stock” in corporate offering documents, a share of Packers stock does not share the same rights traditionally associated with common or preferred stock. It does not include an equity interest, does not pay dividends, can not be traded, has no securities-law protection, and brings no season ticket purchase privileges. All shareholders receive are voting rights, an invitation to the corporation’s annual meeting, and an opportunity to purchase exclusive shareholder-only merchandise.[62] Shares of stock cannot be resold, except back to the team for a fraction of the original price. While new shares can be given as gifts, transfers are technically allowed only between immediate family members once ownership has been established.
Green Bay is the only team with this form of ownership structure in the NFL, which does not comply with current league rules stipulating a maximum of 32 owners per team, with one holding a minimum 30% stake. The Packers’ corporation was grandfathered when the NFL’s current ownership policy was established in the 1980s. As a publicly held nonprofit, the Packers are also the only American major-league sports franchise to release its financial balance sheet every year.
So there you go. They could totally suck, season after season (like the Giants, my other favorite team- please don’t be stupid enough to hire Tom Brady) and I would still love them.
But they don’t, even if it’s time to start thinking about the next Aaron Rodgers who is the last of the Naughty Aughty QBs still standing; 13 – 3 is nothing to sneeze at considering they started terrible and have barely squeaked through a lot of games they should have won handily.
Unfortunately they face the 11 – 5 Seahawks who are another team I like if only because they eliminated the Iggles las week. The Seahawks could be hampered by the weather a trifle, it’s always cold at Lambeau Field (named after a guy, not a corporation) and it has snowed and is predicted to some more. Too bad the 9ers won, could use some more games there.
Packers are 4.5 point favorites and should cover in spades.
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1st down after personal foul on Seahawks player
Packers 2nd down on Seahawks 13
Packers 3rd & 1 on Seahawks 6.
2 minute warning for end of the half
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2 minutes. 1st and Goal Packers.
Packers 1st & Goal 2 yd line
Packers 2nd & Goal on the 1 & a half yd line
Packers 3rd & Goal inside the 1
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Pack 21 – 3 1:30 to Play in the Half.
Packers Touchdown
Packers 21 – Seahawks 3
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Halftime
Mason Crosby kicks off to the Sea0. Travis Homer return for 24 yards to Sea24. Tackled by Jake Kumerow and Ty Summers
1st&10 at Sea 24
Russell Wilson pass to the left to Tyler Lockett for 14 yards to the Sea38. Tackled by Darnell Savag2nd&7 at Sea 41
(0:57) Russell Wilson sacked at Sea39 for a loss of 2 yards by Kenny Clark..
3rd&9 at Sea 39
(0:25) Russell Wilson rush up the middle for 13 yards to the GB48.
1st&10 at GB 48
Halftime
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Seahawks from their 31
At the start of the sescond half Packers kick off to Seahawks with a return to their own 31 1st & 10
Seahawks 2nd & 10 on an incomplete
Seahawks ball on own 35
3rd and 6
Seahawks 1st & 10 on Packers 43
Seahawks 2nd & 6
Seahawks 1st & 10 on 24 yd pass packers 14
Seahawks 2nd & 10 packers 8
Seahawks 3rd down on packers 8
Seahawks 4th & 1
Seahawks 1st & Goal with inches
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Seahawks TD. Packers 21 – 10
Seahawks TOUCHDOWN
Packer 21 – Seahawks 10
Seahawks kick off to Packers end zone for touchback
Packers ball on own 25
1st and 10
Packers ball on own 25; 2nd and 10
Packers 3rd down on gain of 4
Packers 1st down on own 45
Packers 2nd down with gain of 4
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Pack 28 – 10
Packers TOUCHDOWN !!!! 40 yds
Packers 27 – Seahawks 10
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Seahawks from their 16
Seahawks 1st down on own 16
Seahawks 2nd & 5
Seahawks 1st doen on own 26
Seahawks 2nd down on own 28
Seahawks first down on own 41
Seahawks first down on Packers 49
Seahawks first down on Packers 34
Seahawks first down on Packers 23
Seahawks 2nd down on Packers 17
Seahawks 3rd down on Packers 16
Seahawks 1st down on Packers 11
Seahawks TOUCHDOWN
Packers 28 – Seahawks 17
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Seahawks TD. Packers 28 – 17
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Pack from their 27
Packers ball on their own 26 after kickoff
End of the 3rd quarter
Packers ball on own 34; 2nd and 2
Packers ball on own 32
3rd and 4
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