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Friday, July 13, 2012

Green Bay, Profits, and NFL Organization


Green Bay, Profits, and NFL organization

I like to watch football but have little use for professional football being a play toy for wealthy owners---a monopoly with little or no regulation, no limits, commissioners picked by the owners, and essentially total power to self police themselves. 

Everything with professional football is played out with stacked cards---stacked cards especially against fans, cities, and fairness. Everything is greed, disingenuous and controlled images, etc. 

Green Bay is proudly showcased as a publicly owned team. Really? What the hell does that mean? You can buy shares in the team but the shares have no value, shareholders have no votes on anything and just like professional football contracts are a sham, so it seems this insistence that Green Bay is a publicly owned team is just another disingenuous statement.  

Last year Green Bay earned $42.7 million dollars. Who gets that money? The public or the shareholders certainly don't. Who determines who runs this team at the top, certainly not the shareholders or the public. Who is it that determines who the President of the Packers is? If a board picks the President, then who picks the Board? In what way do the citizens of Wisconsin or Green Bay have any say whatsoever in the running of the team? What does the word public mean in this case?  I guess some sort of Board can fire the President which is different from other teams in the sense an owner cannot be made to fire him/herself. Ok, so I guess we have a board in ultimate control instead of an owner. After this Board mysteriously exists, this Board essentially performs the same way any other team does.  In the end, for all practical purposes, Green Bay, in terms of being a public company, is only an image promoted by the League. It certainly is no public owned company in the sense any other public owned company exists. It certainly would seem, that if the public owned the team (wonderful idea) then the public would get some of the profit in ways which benefit the public, the shareholders who bought stock would get some of the profits, and the chance to attend an actual game would not be closed to all the public except those select few with forever season tickets. Imagine a publicly owned library open only to a select few who pay an exorbitant amount of money for season library cards. Of course everyone can't fit into the stadium for one game, but everyone could have chance to attend a game, even if it required a lottery process for those interested in attending. 

Whatever the Packer ownership is, let's not be silly enough to call it a publicly owned franchise.  Perhaps what this mysterious operation does show, over the years, is that a team not existing solely for the profit of a wealthy owner can compete quite well even if it is located out in the middle of some icy tundra. This debunks the popular notion that the only way to structure national professional sport teams is via wealthy individual owners.