Thursday, December 31, 2015

historical Packers' trivia...

the first shareholder/owner meeting was September 17,1923... 204 stockholders bought 1,109 shares($5 per share) for a net profit of $5,545... however,numbers at end of year under "Capital Stock Issued" listed the stock sale,at $5,585... in 1931,a fan(Willard J. Bent)sued the Packers after falling out of the stands,at City Stadium,and was awarded $5,000... verdict was handed down in February,1933,and the Packers went into receivership... the NFL went to bat and transferred the ownership to the club's president(Leland H. Joannes)and waived the transfer fee,in an unanimous vote... interesting footnote:the receivership was never officially terminated... on December 14,1934,a stock sale was launched,to raise "$10,000",and over the length of the sale,113 shareholders bought 484 shares for $12,100,but the Gazette-Journal counted 291 more shareholders,for a total of $12,416... in late 1949,facing a $90,000 shortfall,the Packers organized an intra-squad game to raise funds,so six days later,they launched a third stock sale,after a heated meeting... they wanted to raise "$200,000",but they raised by the newspaper's own story,(popular number:"$118,000"),but ledgers indicate that 4,165 1/2 shares* were sold for $104,187.50 to 1,651 shareholders...  *there were nine half shares sold for $12... at a victory party on May 22,1950,club president Emil Fischer crowed,"we have done it again... once again,Green Bay has proven to the nation what civil pride means"... that is the start of the story of the Packers' public ownership... i am very proud to be a shareholder/owner of the Packers,and of the history of the team... GO PACK GO!!!!

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