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Do Packer's Shareholders Get Paid Team Profits?
Posted on 7/26/16 at 6:32 pm
Posted on 7/26/16 at 6:32 pm
Aren't they technically the owners? If they don't then where does the hundreds of millions in profits go each year? They are getting royally screwed if they don't.
7
Posted on 7/26/16 at 6:35 pm to Jack Ruby
no, they are not actual shareholders. More of a novelty for the fans.
Posted on 7/26/16 at 6:38 pm to Jack Ruby
quote:
They are getting royally screwed if they don't.
There's quite a few companies that make WAYYYYYYYY more than the packers and they don't pay any dividends.
Posted on 7/26/16 at 6:38 pm to Jack Ruby
The Packers made 410 million in revenue in 2015-16. Thats an absurd amount for especially for a team in Wisconsin
Posted on 7/26/16 at 6:43 pm to WallEazyE
So who gets that $400 million?
Posted on 7/26/16 at 6:43 pm to WallEazyE
quote:
The Packers made 410 million in revenue in 2015-16
Revenue? Or profit?
Posted on 7/26/16 at 6:44 pm to Jack Ruby
quote:
So who gets that $400 million?
The company.
Posted on 7/26/16 at 6:44 pm to JohnnyKilroy
Revenue. I believe their profit was $50 million which isn't a great margin in the corporate world but much higher than most sports franchises outside of ones that don't spend any money
Posted on 7/26/16 at 6:45 pm to WallEazyE
Yes, scrip dividend
Posted on 7/26/16 at 6:53 pm to JohnnyKilroy
Green Bay Packers:
Revenue was $408 million
Profit was $48.9 a record for the franchise.
By comparison the Brewers' profit was $27 million and the Bucks profit was $11 million.
Revenue was $408 million
Profit was $48.9 a record for the franchise.
By comparison the Brewers' profit was $27 million and the Bucks profit was $11 million.
Posted on 7/26/16 at 6:59 pm to Paul Allen
So The owners of other teams get all the profits but who in Green Bay's front office gets that money? …or as you said it goes back to the company. Do they just hoard assets like Apple does?
The point im making is somebody's gotta get the money, but who specifically.
The point im making is somebody's gotta get the money, but who specifically.
Posted on 7/26/16 at 7:12 pm to Jack Ruby
quote:
The point im making is somebody's gotta get the money, but who specifically.
The company.
Posted on 7/26/16 at 7:20 pm to Jack Ruby
quote:
somebody's gotta get the money, but who specifically.
Who gets the money of a non-profit? The non-profit. Which the Packers are and a requirement of which is to not distribute dividends.
Funds stay in company coffers and is reinvested in the team, as all sports teams should be structured. Ownership motivations and team performance are perfectly aligned, compared to pinhead owners who are only interested in making $$$ and big-picture couldn't care less about the team and its fans.
This post was edited on 7/26/16 at 7:22 pm
Posted on 7/26/16 at 8:01 pm to Jack Ruby
quote:
The point im making is somebody's gotta get the money, but who specifically.
It's been answered many times but you keep ignoring it for some reason.
THE COMPANY
AKA the Packers
Posted on 7/26/16 at 8:08 pm to Weagle25
Whatever the packers are doing, they are doing it right. Other teams should model their teams after it
Posted on 7/26/16 at 8:13 pm to SoFunnyItsNot
quote:
Whatever the packers are doing, they are doing it right. Other teams should model their teams after it
The NFL rules prohibit other teams from selling "shares." I quoted shares because they really aren't shares in the usual sense of the word. From wikipedia:
quote:
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.[4] 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.
Posted on 7/26/16 at 8:56 pm to Jack Ruby
We aren't shareholders in a traditional sense, the stock has no monetary value and isn't transferable. The proceeds of stock sales are used generally for stadium improvements. The last two additions to Lambeau field were funded through the 1997 and 2011 stock sales. As others have said the revenue stays with the team and is retained for operating costs. The one benefit that does come with it is voting privileges for things like the board of directors and front office personnel
Posted on 7/26/16 at 8:57 pm to Weagle25
I kept asking because "the company" is quite vague. I meant who specifically is keeping all that money. What y'all are saying is really no one gets the money and it is 100% reinvested, which I find hard to believe.
Posted on 7/26/16 at 9:06 pm to Jack Ruby
It's not all necessarily reinvested. Anything is isn't spent on operating expenses and commercial development is basically held in a trust fund, so if hard times ever come the team can remain solvent and in Green Bay
ETA part of it also goes to charity through the Green Bay Packers foundation, although this part is smaller
ETA part of it also goes to charity through the Green Bay Packers foundation, although this part is smaller
This post was edited on 7/26/16 at 9:10 pm
Posted on 7/26/16 at 9:08 pm to WallEazyE
quote:
The Packers made 410 million in revenue in 2015-16. Thats an absurd amount for especially for a team in Wisconsin
Ehh, revenue isn't profit and Wisconsin is a relatively wealthy state and its in between Minneapolis and Chicago where they have a ton of fans with lots of money.
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