LeBron or Art
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So, the Modell family owns about as much of the Ravens as any citizen of Green Bay owns of the Packers.
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So, the Modell family owns about as much of the Ravens as any citizen of Green Bay owns of the Packers.
So, the Modell family owns about as much of the Ravens as any citizen of Green Bay owns of the Packers.
They'd have to be very wealthy Packer shareholders Gip. IIRC most GB fans only own a share (or two) and have them proudly framed on the wall. LOL, you bad at math? 1% of $600 million is still $6 million. BTW, that was an old article, Forbes put the current value of the Ravens at $1.9 billion. So make that $19 million for the Modell family. I could live on that fer sure.
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So, the Modell family owns about as much of the Ravens as any citizen of Green Bay owns of the Packers.
They'd have to be very wealthy Packer shareholders Gip. IIRC most GB fans only own a share (or two) and have them proudly framed on the wall. LOL, you bad at math? 1% of $600 million is still $6 million. BTW, that was an old article, Forbes put the current value of the Ravens at $1.9 billion. So make that $19 million for the Modell family. I could live on that fer sure.
They'd have to be very wealthy Packer shareholders Gip. IIRC most GB fans only own a share (or two) and have them proudly framed on the wall. LOL, you bad at math? 1% of $600 million is still $6 million. BTW, that was an old article, Forbes put the current value of the Ravens at $1.9 billion. So make that $19 million for the Modell family. I could live on that fer sure.
OK....so, maybe you know this: How many shares of Green Bay Packer stock have been issued to the people of Green Bay......and what would each stock certificate be valued at?
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Here is this blurb:
The Packers stock is but one element of its unique organization. Founded in 1919 but with roots going back to the origins of American football, the team operates as a publicly held nonprofit company. NFL rules don’t allow other franchises to use the Green Bay model, and Green Bay is the smallest city hosting a major team (2010 population: 104,057).
In 1950, to save the franchise and keep it in Green Bay, shareholders—mostly residents—bought 4,700 shares at $25 each, with a limit of 200 per investor. In 1997, before the last sale, there was a 1,000-to-one stock split. The current prospectus says two shareholders own 200,000 shares each, but Popkey declined to identify them.
In addition, the Packers’ Articles of Incorporation specify that if the team is dissolved, “all profits and assets” must go to community programs and charities. Until 1997, the sole beneficiary was one American Legion post in Green Bay. Since then it has been the Green Bay Packers Foundation, which benefits a number of local and state causes.
So meager are the monetary benefits of owning Packers’ stock that Willens, the tax expert, thinks a purchase might be tax-deductible right after shares are bought. “They meet the conditions of worthless stock, in that it has no pecuniary value for the owner,” he says. “Better a small tax benefit than none at all.”
Ed Kleinbard, a former top tax staffer in Congress who’s now a professor at USC’s law school, is an Oakland Raiders fan but he disagrees about the tax deduction. “The stock isn’t worthless as long as someone will buy it, although I wouldn’t,” he says. “Maybe it’s a collectible.”
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"You planning on having a long relationship with that glass or are you going to drink it? Drink up, man. Maybe we can get another.” - Janis Joplin, 1970.
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But the city gave Elvis, the Cav's and the Tribe a new stadium....none for him. So he left (which is, of course, unforgivable). The city was then told by the league, "If you wanna team, then build a new stadium". So they DID! Isn't the stadium great?! No?!
This isn't true, you may want to do some research into that statement.
This isn't true, you may want to do some research into that statement.
What, like I didn't live through it?
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This isn't true, you may want to do some research into that statement.
What, like I didn't live through it?
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Not growing up in the Kenmore section of Akron, not, he is no Illuminati.
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Doesn't matter where you grow up.
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Here is this blurb:
The Packers stock is but one element of its unique organization. Founded in 1919 but with roots going back to the origins of American football, the team operates as a publicly held nonprofit company. NFL rules don’t allow other franchises to use the Green Bay model, and Green Bay is the smallest city hosting a major team (2010 population: 104,057).
In 1950, to save the franchise and keep it in Green Bay, shareholders—mostly residents—bought 4,700 shares at $25 each, with a limit of 200 per investor. In 1997, before the last sale, there was a 1,000-to-one stock split. The current prospectus says two shareholders own 200,000 shares each, but Popkey declined to identify them.
In addition, the Packers’ Articles of Incorporation specify that if the team is dissolved, “all profits and assets” must go to community programs and charities. Until 1997, the sole beneficiary was one American Legion post in Green Bay. Since then it has been the Green Bay Packers Foundation, which benefits a number of local and state causes.
So meager are the monetary benefits of owning Packers’ stock that Willens, the tax expert, thinks a purchase might be tax-deductible right after shares are bought. “They meet the conditions of worthless stock, in that it has no pecuniary value for the owner,” he says. “Better a small tax benefit than none at all.”
Ed Kleinbard, a former top tax staffer in Congress who’s now a professor at USC’s law school, is an Oakland Raiders fan but he disagrees about the tax deduction. “The stock isn’t worthless as long as someone will buy it, although I wouldn’t,” he says. “Maybe it’s a collectible.”
Here is this blurb:
The Packers stock is but one element of its unique organization. Founded in 1919 but with roots going back to the origins of American football, the team operates as a publicly held nonprofit company. NFL rules don’t allow other franchises to use the Green Bay model, and Green Bay is the smallest city hosting a major team (2010 population: 104,057).
In 1950, to save the franchise and keep it in Green Bay, shareholders—mostly residents—bought 4,700 shares at $25 each, with a limit of 200 per investor. In 1997, before the last sale, there was a 1,000-to-one stock split. The current prospectus says two shareholders own 200,000 shares each, but Popkey declined to identify them.
In addition, the Packers’ Articles of Incorporation specify that if the team is dissolved, “all profits and assets” must go to community programs and charities. Until 1997, the sole beneficiary was one American Legion post in Green Bay. Since then it has been the Green Bay Packers Foundation, which benefits a number of local and state causes.
So meager are the monetary benefits of owning Packers’ stock that Willens, the tax expert, thinks a purchase might be tax-deductible right after shares are bought. “They meet the conditions of worthless stock, in that it has no pecuniary value for the owner,” he says. “Better a small tax benefit than none at all.”
Ed Kleinbard, a former top tax staffer in Congress who’s now a professor at USC’s law school, is an Oakland Raiders fan but he disagrees about the tax deduction. “The stock isn’t worthless as long as someone will buy it, although I wouldn’t,” he says. “Maybe it’s a collectible.”
We'd have to dig up how many shares are outstanding. If it's 5 million and the Packers are worth a billion, each share would be worth $20. Not exactly a penny stock.
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