Recent Forum Topics › Forums › The Rams Huddle › 101, 1/26 … Albert Breer on re-location (re-location thread)
- This topic has 55 replies, 9 voices, and was last updated 9 years, 9 months ago by Zooey.
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January 29, 2015 at 2:12 pm #17640wvParticipant
Let’s look at it this way. You have a girlfriend. You’ve been in a committed relationship all along, but you just haven’t tied the knot. She says she wants to stay with you. But, she wants security, and you’re pretty happy the way things are. You realize that you have to do something more in your life to keep her, maybe get a better job, or sock away more money so you can buy a dream house for the two of you … somewhere really nice to raise a family. But, she’s stopped talking to you about the future, and maybe you think, well, she just needs to think more about what she wants, exactly.
But, unknown to you, she’s met another suitor who has some really nice assets to offer her. She’s been socking away her own money, and plenty of it, and now she’s thinking about greener pastures. She doesn’t even come to you and tell you about her plans with this new suitor. You learn about it from some other people. You approach her, and she’s aloof and even avoiding your phone calls. What’s going on? Is the relationship over? She tells you that she wants to take day by day and see what happens.
Not a perfect analogy, but pretty close to the STL-SK-LA triangle. The bottom line is that SK stopped working on the relationship with St. Louis, and while the St. Louis leaders could have done more to entice him to stay, they also were working on the assumption that SK can’t just up and move without trying to work out the stadium situation in St. Louis. He didn’t inform St. Louis at any time that he had no intention of working on a St. Louis stadium, but rather he was working on an L.A. plan. The St. Louis contingent was naive for thinking that SK would work with them, I guess, but it’s true also that NFL bylaws say that SK was SUPPOSED to give it the old college try before declaring that it couldn’t be done. After a disagreement on the dome upgrade, SK hasn’t worked with St. Louis leaders at all. They couldn’t even get him on the phone. The state’s governor couldn’t get him to return calls.
So … it’s a double cross. And, here’s the thing: Every time I hear a St. Louis fan talk about the situation, their eyes are open now to what SK is doing. He’s moving forward and onward to LA, St. Louis fans be damned.
It will make for an interesting year of lame duck football. I expect attendance to be pretty low. And, that will also play into SK’s favor, as well.
I’m really down about the NFL because of this. I don’t know how much I’ll be invested in the league when the Rams move. I didn’t feel this way until now, really. My feelings continue to change, evolve, shift … and add the New England cheating stuff, and it’s just so obvious the NFL is full of crap. There is no integrity in this league.
Good stuff, Dak.
But…you started the relationship story without
an analogy about how the girlfriend got to St.Louis
in the first place….. take the story back to 1994, 1993, etc. 🙂w
vJanuary 29, 2015 at 2:39 pm #17641joemadParticipantBut…you started the relationship story without<BR>an analogy about how the girlfriend got to St.Louis<BR>in the first place….. take the story back to 1994, 1993, etc. </P>
<P>w<BR>v</P>consider the relationship was with Georgia Geiger Johnson Hayes Wyler Rosenbloom Frontier, but she didn’t formally take husband #7s name Weathermax…..
Now Stan wants to return Georgia’s step child back home to So Cal….. where the step son stated, (a step son whom the step mother FIRED)……. “””””Steve Rosenbloom, the general manager of the team during Carroll Rosenbloom’s tenure, opined that teams come and go, but for a team to leave Los Angeles—the second largest media market in America—for St. Louis—approximately the 18th-largest—was simply irresponsible and foolish.”””””
Georgis’s husbands;
Francis J. Geiger
Bruce B. Johnson
Wallace Hayes
William J. Wyler
Carroll Rosenbloom
Dominic Frontier
Earle Weatherwaxi’m ok with the analogy…. the boyfriend promised the girl via contract, that “I shall give you the top 5% stadium to live and play in”… but the boyfriend never made an effort to do so….. The Girl was contractually promised to live on Park Place or at least the Pennsylvania Ave of the NFL Monopoly board, but ended up on Baltic Avenue……
- This reply was modified 9 years, 9 months ago by joemad.
January 29, 2015 at 5:25 pm #17643DakParticipantWell, yeah, I’m looking at this from a St. Louis Rams fan, so no, I don’t know the particulars of how Georgia fled L.A.
Yes, there was a stipulation that gave the Rams the opportunity to get a new stadium upgrade after 20 years. Local leaders knew they were going to have to play ball with Kroenke. Problem is, Kroenke took his ball to the West Coast before they really got playing.
Like I said before, SK could have bought land here to build a stadium. He did not. He bought in L.A. instead. He never gave any indication that he wouldn’t negotiate in good faith.
January 29, 2015 at 5:48 pm #17646rflParticipant“Yes, there was a stipulation that gave the Rams the opportunity to get a new stadium upgrade after 20 years. Local leaders knew …
This.”
You know, there’s another aspect of all this. The original building.
Snow and I live up here in Minny. When the Metrodome was built, it was done on the cheap. The Twin Cities took great pride in building the cheapest stadium around and fitting 2 teams into it. Such a deal!
The problem is that it was a bad stadium. Within a year or 2, people were talking about building a better stadium. The Twins built a much nicer stadium and now the Vikings are doing so. We have seen about 20 years of roiling controversy over the need to replace a really lousy stadium.
Now, the Ed is not that bad. But the complaints have swirled around it for a long time. I dunno the specifics. But I can’t imagine the Ed wasn’t built as something of a bargain. Discontent may well have been built in.
Of course, I am not personally complaining. I don’t think cities SHOULD pay for stadia. Let the filthy rich owners pay for it.
I’m just saying that, if you are going to use city money to lure a team, you better know that if you don’t build a jewel of a stadium with room and infrastructure for upgrades, you are going to start facing static for stadium inadequacy within a few years of the opening. And you’ll have it all to do again.
Just sayin’ …
By virtue of the absurd ...
January 29, 2015 at 6:07 pm #17647DakParticipantDak wrote:
“Yes, there was a stipulation that gave the Rams the opportunity to get a new stadium upgrade after 20 years. Local leaders knew …This.”
You know, there’s another aspect of all this. The original building.
Snow and I live up here in Minny. When the Metrodome was built, it was done on the cheap. The Twin Cities took great pride in building the cheapest stadium around and fitting 2 teams into it. Such a deal!
The problem is that it was a bad stadium. Within a year or 2, people were talking about building a better stadium. The Twins built a much nicer stadium and now the Vikings are doing so. We have seen about 20 years of roiling controversy over the need to replace a really lousy stadium.
Now, the Ed is not that bad. But the complaints have swirled around it for a long time. I dunno the specifics. But I can’t imagine the Ed wasn’t built as something of a bargain. Discontent may well have been built in.
Of course, I am not personally complaining. I don’t think cities SHOULD pay for stadia. Let the filthy rich owners pay for it.
I’m just saying that, if you are going to use city money to lure a team, you better know that if you don’t build a jewel of a stadium with room and infrastructure for upgrades, you are going to start facing static for stadium inadequacy within a few years of the opening. And you’ll have it all to do again.
Just sayin’ …
It was a decent stadium when it was built, but almost every franchise has built a new stadium since then. I won’t say that leaders in St. Louis were ever proactive in tackling the stadium issue, but I also think they expected to deal with it during a negotiation period that was quickly truncated by Mr. Kroenke.
January 29, 2015 at 6:22 pm #17649ZooeyModeratorWell, yeah, I’m looking at this from a St. Louis Rams fan, so no, I don’t know the particulars of how Georgia fled L.A.
Yes, there was a stipulation that gave the Rams the opportunity to get a new stadium upgrade after 20 years. Local leaders knew they were going to have to play ball with Kroenke. Problem is, Kroenke took his ball to the West Coast before they really got playing.
Like I said before, SK could have bought land here to build a stadium. He did not. He bought in L.A. instead. He never gave any indication that he wouldn’t negotiate in good faith.
Dak, I am feeling your pain. I don’t know, though, that it is entirely fair to say Kroenke never played ball with St. Louis. (It might be, but I don’t know for sure one way or another). But I will say this: as you say, “local leaders knew they were going to have to play ball with Kroenke.” So…why didn’t they start earlier?
I don’t remember the exact timeline, but it seems to me that St. Louis could have seen this coming, and could have worked sooner. It seems like they didn’t kick into gear until the Ed upgrades were ruled inadequate. At that point…they may have been too late. Shouldn’t they have had a plan right THEN? They KNEW when the year-to-year lease option kicked in. If they KNEW that they were not going to be able to comply with the Top 25% clause in their deal with the Rams, why the hell waste all that time pretending like that was serious discussion? Don’t you think Kroenke can look at that preliminary chapter of the “end-of-the-lease agreement” as a complete waste of his time? I mean…the deal was Top 25%. And St. Louis proposes something that clearly is NOT top 25%. They reject Kroenke’s Top 25% counterproposal.
If I am going to sell my ’65 Mustang, and I’ve given you the right to be the first one to make an offer, and you offer me $7K on a car worth $20K hoping that I like you and will settle for something in between…well, I don’t know if you get to be pissed off at me when I put it on Craigslist for $20K and stop taking your phone calls.
I gave you the first shot, and you jacked with me. You are not the only market for my car, so don’t treat me like a rube.
Maybe St. Louis was naive to count on the hometown discount, and took Kroenke for granted here. I have an inkling that what I’ve said above is exactly what Kroenke is going to say before the owners vote. Essentially, Kroenke dealt with St. Louis, and St. Louis didn’t get their shit together in time.
I don’t know, man. Maybe you should be more pissed at your politicians than at Kroenke. That’s a multi-billionaire businessman there, and St. Louis took him for granted, seems like. That stadium pitch was a year late. The Ed upgrade pitch was a complete bullshit waste of time.
Food for thought.
January 30, 2015 at 6:38 am #17657nittany ramModeratorI don’t know, man. Maybe you should be more pissed at your politicians than at Kroenke. That’s a multi-billionaire businessman there, and St. Louis took him for granted, seems like. That stadium pitch was a year late. The Ed upgrade pitch was a complete bullshit waste of time.
Food for thought.
Yeah. I think that’s a fair assessment.
January 30, 2015 at 6:54 am #17658wvParticipantI don’t know, man. Maybe you should be more pissed at your politicians than at Kroenke. That’s a multi-billionaire businessman there, and St. Louis took him for granted, seems like. That stadium pitch was a year late. The Ed upgrade pitch was a complete bullshit waste of time.
Food for thought.
Yeah. I think that’s a fair assessment.
I cant think of an
Owner, i like.
They remind me of the Gamesters
of TriskalionJanuary 30, 2015 at 7:31 am #17660DakParticipantWell, yeah, I’m looking at this from a St. Louis Rams fan, so no, I don’t know the particulars of how Georgia fled L.A.
Yes, there was a stipulation that gave the Rams the opportunity to get a new stadium upgrade after 20 years. Local leaders knew they were going to have to play ball with Kroenke. Problem is, Kroenke took his ball to the West Coast before they really got playing.
Like I said before, SK could have bought land here to build a stadium. He did not. He bought in L.A. instead. He never gave any indication that he wouldn’t negotiate in good faith.
Dak, I am feeling your pain. I don’t know, though, that it is entirely fair to say Kroenke never played ball with St. Louis. (It might be, but I don’t know for sure one way or another). But I will say this: as you say, “local leaders knew they were going to have to play ball with Kroenke.” So…why didn’t they start earlier?
I don’t remember the exact timeline, but it seems to me that St. Louis could have seen this coming, and could have worked sooner. It seems like they didn’t kick into gear until the Ed upgrades were ruled inadequate. At that point…they may have been too late. Shouldn’t they have had a plan right THEN? They KNEW when the year-to-year lease option kicked in. If they KNEW that they were not going to be able to comply with the Top 25% clause in their deal with the Rams, why the hell waste all that time pretending like that was serious discussion? Don’t you think Kroenke can look at that preliminary chapter of the “end-of-the-lease agreement” as a complete waste of his time? I mean…the deal was Top 25%. And St. Louis proposes something that clearly is NOT top 25%. They reject Kroenke’s Top 25% counterproposal.
If I am going to sell my ’65 Mustang, and I’ve given you the right to be the first one to make an offer, and you offer me $7K on a car worth $20K hoping that I like you and will settle for something in between…well, I don’t know if you get to be pissed off at me when I put it on Craigslist for $20K and stop taking your phone calls.
I gave you the first shot, and you jacked with me. You are not the only market for my car, so don’t treat me like a rube.
Maybe St. Louis was naive to count on the hometown discount, and took Kroenke for granted here. I have an inkling that what I’ve said above is exactly what Kroenke is going to say before the owners vote. Essentially, Kroenke dealt with St. Louis, and St. Louis didn’t get their shit together in time.
I don’t know, man. Maybe you should be more pissed at your politicians than at Kroenke. That’s a multi-billionaire businessman there, and St. Louis took him for granted, seems like. That stadium pitch was a year late. The Ed upgrade pitch was a complete bullshit waste of time.
Food for thought.
Well, when you say local politicians, you’re talking about a loose conglomeration of city, county and state … and they kind of let the Convention and Visitors Bureau go through the paces. So, yeah, I see that the local effort was slow. I know they weren’t proactive. I just think the assumption was that SK was going to play this negotiation all the way to the end before deciding he’s hauling his team to L.A.
And, it is his team. St. Louis couldn’t build a stadium without his cooperation. And, there is no cooperation. As soon as SK came up with a valid plan to build an L.A. stadium, that was that. It’s not buying a car … it’s upgrading the stadium that you built for the franchise in the first place. And, you’re not talking about a private sale with private money, you’re talking about using taxpayer money. And, you have to go through the paces to show that you weren’t giving away public funds to a billionaire unnecessarily. You have to show good faith.
Now, you’re talking about public financing for a guy who can easily build a colossal stadium project on the West Coast, which makes the sale to the public even tougher.
My analogy wasn’t perfect. I didn’t take into account that this is not a private negotiation. This is a City that has to go through the paces to show that it’s being fiscally responsible before committing any type of public funding for a project that will enrich a very rich man. And, while the politicians are going through those paces, slowly as government often does, SK wasn’t returning phone calls to let everyone know, you know what, nevermind, you screwed the pooch by not kowtowing to my demands much earlier.
Yeah, STL’s leadership was slow to respond … but by SK staying silent, it had to make it difficult to move forward. SK could have started purchasing land and building his own STL stadium, for that matter. It’s not like anyone from L.A. was leading SK by the hand.
- This reply was modified 9 years, 9 months ago by Dak.
January 30, 2015 at 10:51 am #17665joemadParticipantIf I am going to sell my ’65 Mustang, and I’ve given you the right to be the first one to make an offer, and you offer me $7K on a car worth $20K hoping that I like you and will settle for something in between…well, I don’t know if you get to be pissed off at me when I put it on Craigslist for $20K and stop taking your phone calls
Just curious… is it a fastback? in fairness to Dak, if it’s coup, 7K is in the ballpark…….
January 30, 2015 at 11:28 am #17667DakParticipantIf I am going to sell my ’65 Mustang, and I’ve given you the right to be the first one to make an offer, and you offer me $7K on a car worth $20K hoping that I like you and will settle for something in between…well, I don’t know if you get to be pissed off at me when I put it on Craigslist for $20K and stop taking your phone calls
Just curious… is it a fastback? in fairness to Dak, if it’s coup, 7K is in the ballpark…….
I appreciate that, but I’ll stick with my little economy car. 🙂
January 30, 2015 at 11:48 am #17670wvParticipantJanuary 30, 2015 at 2:54 pm #17684ZooeyModeratorWell, when you say local politicians, you’re talking about a loose conglomeration of city, county and state … and they kind of let the Convention and Visitors Bureau go through the paces. So, yeah, I see that the local effort was slow. I know they weren’t proactive. I just think the assumption was that SK was going to play this negotiation all the way to the end before deciding he’s hauling his team to L.A.
And, it is his team. St. Louis couldn’t build a stadium without his cooperation. And, there is no cooperation. As soon as SK came up with a valid plan to build an L.A. stadium, that was that. It’s not buying a car … it’s upgrading the stadium that you built for the franchise in the first place. And, you’re not talking about a private sale with private money, you’re talking about using taxpayer money. And, you have to go through the paces to show that you weren’t giving away public funds to a billionaire unnecessarily. You have to show good faith.
Now, you’re talking about public financing for a guy who can easily build a colossal stadium project on the West Coast, which makes the sale to the public even tougher.
My analogy wasn’t perfect. I didn’t take into account that this is not a private negotiation. This is a City that has to go through the paces to show that it’s being fiscally responsible before committing any type of public funding for a project that will enrich a very rich man. And, while the politicians are going through those paces, slowly as government often does, SK wasn’t returning phone calls to let everyone know, you know what, nevermind, you screwed the pooch by not kowtowing to my demands much earlier.
Yeah, STL’s leadership was slow to respond … but by SK staying silent, it had to make it difficult to move forward. SK could have started purchasing land and building his own STL stadium, for that matter. It’s not like anyone from L.A. was leading SK by the hand.
I think it is fair to say that Kroenke didn’t try very hard. He didn’t spend time trying to leverage St. Louis into a better proposal. So it is easy to wonder how early in the game he started flirting with the Los Angeles move.
I would guess he began thinking about Los Angeles as the florists were arranging the flowers for Georgia’s funeral. If you are considering investing hundreds of millions of dollars in something, you probably think through the “growth potential.” And he may well have concluded early on that there was nothing St. Louis could do – given the economy – that would be competitive with “growth potential” in Los Angeles. In which case, the convention center’s anemic proposal was nothing more than a Welcome mat in front of Los Angeles. It gave him the pretext. Because, certainly, once that was ruled on officially, Kroenke did not talk to the city again. And if he was trying to use LA for leverage (and nobody thinks he is, as far as I know), he would have kept talking to St. Louis.
January 30, 2015 at 2:57 pm #17686znModeratorIf you are considering investing hundreds of millions of dollars in something, you probably think through the “growth potential.”
I don;t know about that. I think that’s SK. There are owners who actually think of their teams as belonging to a community, and that’s real to them.
January 30, 2015 at 3:26 pm #17690ZooeyModeratorZooey wrote:
If you are considering investing hundreds of millions of dollars in something, you probably think through the “growth potential.”I don;t know about that. I think that’s SK. There are owners who actually think of their teams as belonging to a community, and that’s real to them.
Sure. Several of them are family businesses. But SK isn’t unique, either.
- This reply was modified 9 years, 9 months ago by zn.
January 30, 2015 at 3:36 pm #17692znModeratorThis reply was modified 2 seconds ago by zn.
When people see this, it means I got rid of the extra code that shows up sometimes when people quote multiple posts.
Though it would be useful when you posted to edit it yourself to get rid of that stuff. I generally use invisible edit because it’s just cleaner and you get a better “reading flow.”
January 30, 2015 at 5:00 pm #17697DakParticipantSK is a corporate shark. He’s cold and calculating. That’s obvious NOW. But, there was a time when you could still maybe believe the words out of his mouth about how he wanted to keep the team in St. Louis. He said that a LOOOONG time ago. And, until pretty recently, Demoff kept talking about how the Rams were committed to St. Louis, which sounded pretty sincere. Since the L.A. stadium story, we haven’t heard boo from Demoff, so I’m imagining that’s when he got the memo, too.
I think it is fair to say that Kroenke didn’t try very hard. He didn’t spend time trying to leverage St. Louis into a better proposal. So it is easy to wonder how early in the game he started flirting with the Los Angeles move.
I would guess he began thinking about Los Angeles as the florists were arranging the flowers for Georgia’s funeral.
Yeah, I wouldn’t doubt that one bit. Only Silent Stan knows for sure.
- This reply was modified 9 years, 9 months ago by Dak.
January 30, 2015 at 9:53 pm #17708wvParticipantFormer Rams Players, Coach Sound Off on Relocation Talk
Brendan Marks posted on January 30, 2015 17:25[www.insidestl.com]
http://www.insidestl.com/insideSTLcom/STLSports/STLRams/tabid/137/articleType/ArticleView/articleId/16322/Former-Rams-Players-Coach-Sound-Off-on-Relocation-Talk.aspxCBS Sports 920’s Joe Roderick and Jay Randolph Jr. were in Arizona this week for Super Bowl XLIX and spoke to several former Rams players and coach Dick Vermeil.
The subject of the possibility of the Rams leaving St. Louis came up repeatedly, and we wanted to share each of their thoughts on the topic. Feel free to click on each person’s name to listen to their complete interview.
Marshall Faulk: “I haven’t spoke on this in this manner yet, but I’m going to say it. I’m disappointed that the powers to be in the city of St. Louis waited until now to make a proposal,” Faulk told Joe Roderick and Jay Randolph Jr. “If I was (Rams owner Stan Kroenke), I’d be just as upset. Why do you wait so long? And now we’re looking at this man like ‘oh please don’t take your team.’ It’s a business. That’s how the Rams got there.”
Kurt Warner: “I’m a St. Louis guy and being that the St. Louis Rams are synonymous with a huge part of my history, I want the Rams to stay in St. Louis. I’m also realistic and understand the connection to LA. I understand how it’s a natural fit to take the Rams back there because when we were going good in St. Louis and we’d go out to LA, we’d have a million fans there that followed us. If you’re a player that played in the history of St. Louis, it’d be a shame if a team’s not in St. Louis. If you’re one of those fans that have been a part of that whole thing and, great sports town, to not have a team, I think that’s a travesty too. I just believe and hope that they stay in St. Louis. It’s unfortunate the way it looks like it’s going.”
Torry Holt: “Selfishly I would love to see the team stay in St. Louis. We got some good history there. The city loves the Rams. They show us so much love when we go back. But I understand it’s a business. For Kroenke and a lot of these owners it’s the bottom line. I think moving to Los Angeles for obvious reasons makes sense to him. It’ll be interesting to see how that whole process shakes out. It won’t be an easy process. I know on my Twitter timeline the fans are going crazy.”
Orlando Pace: “Anytime you get to where you win a Super Bowl in the community, all of your football memories are in St. Louis, it means something. You don’t want to be the St. Louis (football) Cardinals, who are really without a home. When we get together we want to be able to come back to St. Louis, celebrate as a team and do it in the community we won. I think everyone who played in St. Louis probably feels the same way.”
Dick Vermeil: I would like to see them stay. I think Stan Kroenke will do what’s best for the team as a business and a team. To me that’s what they are now. If he sees it’s not going to be the best thing for the organization as a company, then they’ll go back there. I hope he doesn’t.
Jack Youngblood: “I didn’t like (former Rams owner Georgia Frontierre) when she moved it to St. Louis. I understood why. I totally bought into that. The thing of the stadium is the big issue. To have a house that can fascilitate a franchise and a Super Bowl. I see where Kroenke is going…I think the govenor of Missouri should be given at least a chance to listen to what he wants to do.” (Youngblood talks more about St. Louis stadium situation)
Adam Archuleta: “I grew up here in the desert…so when I went to St. louis it was a bit of a culture shock. And I got to be honest I didn’t like it, I didn’t enjoy it. But then as the years went on and especially when I left I started to say, ‘OK, that’s what was special about St. Louis, that is a really cool, really unique town.’ I wish I would’ve taken more advantage of playing there quite honestly. I think St. Louis is a great town. I think if the Rams do move to Los Angeles it would be unfortunate. I think the fans in St. Louis are great fans. I think they deserve a football team. But I also undertand the economic part of it as well. When you’re a business owner…if the city can’t compete…I do understand where they’re coming from. St. Louis certainly deserves a football team and they’re some of the best fans I’ve been a part of.”
January 30, 2015 at 11:11 pm #17709ZooeyModeratorIt would be nice if every team was owned publicly like Green Bay.
How the hell did that ever happen, btw?
January 30, 2015 at 11:36 pm #17710wvParticipantIt would be nice if every team was owned publicly like Green Bay.
How the hell did that ever happen, btw?
Community ownership
Main article: Green Bay Packers, Inc.
The Don Hutson CenterThe Packers are the only community-owned franchise in American major league professional sports.[25] Rather than being the property of an individual, partnership, or corporate entity, they are held in 2014 by 360,584 stockholders. None is allowed to hold more than 200,000,[2] approximately 4% of the 5,011,557 shares[26] currently outstanding. It is this broad-based community support and non-profit structure[27] 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.
The city of Green Bay had a population of only 104,057 as of the 2010 census,[28] and only 600,000 in its television market, a fraction of the average NFL figures. The team, however, has long had an extended fan base throughout Wisconsin and parts of the Midwest, thanks in part to playing one pre-season and three regular-season home games each year in Milwaukee through 1995. It was only when baseball-only Miller Park preempted football there that the Packers’ home slate became played entirely in Green Bay.
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[29] 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.[26]
Based on the original “Articles of Incorporation for the Green Bay Football Corporation” enacted in 1923, should the franchise to have been 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.[26]
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.[27] 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.[26]
Green Bay is the only team with this form of ownership structure in the NFL, which is in direct violation of 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.[30] As a publicly held nonprofit, the Packers are also the only American major-league sports franchise to release its financial balance sheet every year.
Board of Directors
Main article: Green Bay Packers Board of Directors
https://en.wikipedia.org/wiki/Green_Bay_Packers#Community_ownershipJanuary 31, 2015 at 6:34 am #17716nittany ramModeratorGreen Bay is the only team with this form of ownership structure in the NFL, which is in direct violation of 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.
So the league doesn’t want any more community-owned franchises. The Packers demonstrate that a community-owned team can be very profitable, so I wonder why the league cares how the ownership is structured?
January 31, 2015 at 8:17 am #17720InvaderRamModeratoryeah. the rams should be publicly owned. screw these billionaire owners.
January 31, 2015 at 8:55 am #17723wvParticipantyeah. the rams should be publicly owned. screw these billionaire owners.
So, u are calling for revolution,
then?
“Free the Rams!” ?w
v
January 31, 2015 at 9:23 am #17730wvParticipant“…fact, an NFL source told me Kroenke has covertly begun the process of collating support from fellow owners should he actually decide to move the Rams to Los Angeles…”
http://www.dailybulletin.com/20150130/rams-owner-stan-kroenke-working-behind-scenes-to-make-la-jumpw
vJanuary 31, 2015 at 11:11 am #17733InvaderRamModeratorSo, u are calling for revolution,
then?
“Free the Rams!” ?w
v
sure. why not?
interestingly. 2 of the richest sports teams in the world are owned by the fans. real madrid and fc barcelona.
January 31, 2015 at 11:37 am #17737ZooeyModeratorGreen Bay is the only team with this form of ownership structure in the NFL, which is in direct violation of 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.
So the league doesn’t want any more community-owned franchises. The Packers demonstrate that a community-owned team can be very profitable, so I wonder why the league cares how the ownership is structured?
Eisenhower demonstrated that high taxes on the rich greatly stimulated the growing middle class, so I wonder why Wall Street cares how taxes are structured?
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