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Clarification: The corporate structure of the Green Bay Packers is shrouded in a mystery that would make a venture funded Silicon Valley company blush. There a
by tosseraccount 11y ago
Clarification: The corporate structure of the Green Bay Packers is shrouded in a mystery that would make a venture funded Silicon Valley company blush.
There are are multiple classes of stock. The later issued ones are indeed basically paper trinkets bought by rabid "cheese heads" so they could claim "ownership".
There is apparently no reason the owners of the few voting shares couldn't change the bylaws.
Rumor is that the NFL had to step in the 1980s (90s ?) and force the Packer owners to run a better shop (and stop paying themselves dividends). Same rumor mill reports they had to step in and force the New York Giants (who were paralyzed by two incompetent owners that owned 50% each) to run a better ship.
Note that this intervention turned around the fortunes these two teams which had earned reputations for gridiron incompetence. Miracle in the Meadowlands?
Bart Starr coach?
Both the Packers and Giants have been very competitive, well run franchises since.
- cafard 11y agoDon't know about the Packers, but the league definitely intervened with the Giants. One of the Maras sold out to the Tisches, the other one is is still there.