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A reader pointed out to us today that we’re just over two weeks away from the annual Packers shareholders’ meeting, which will take place Thursday, July 24, inside Lambeau Field.
The Packers are a publicly owned team, and the more than 100,000 shareholders are all entitled to show up at the shareholders meeting and query General Manager Ted Thompson and President and CEO Mark Murphy.
If there’s been no resolution to the Brett Favre situation by then, that shareholders’ meeting could get very interesting — the issues of whether Favre wants to come back, whether the team wants Favre to come back, and where Aaron Rodgers fits into the team’s long-term plans would dominate the discussions.
Thompson and Murphy no doubt want the shareholders’ meeting to feature positive discussions about the season ahead, not demands from fans to know what’s going on with their team’s quarterback of the last 16 years. And that means Thompson and Murphy want to get this issue resolved.
July 8th, 2008 at 3:49 pm
Forget that: what about the induction ceremony for Frank Winters on July 19, 2008, in which Brett Favre is the presenter???
http://www.packershalloffame.org/index.php?option=com_content&task=view&id=31&Itemid=40
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July 8th, 2008 at 3:58 pm
I farted one time at dinner.
Boy was that embarrassing…
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July 8th, 2008 at 4:04 pm
Another reason why the NFL will never again allow public shareholders of a franchise, and will always require a majority owner.
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July 8th, 2008 at 4:10 pm
I am a lifelong Packer fan and season ticketholder. I am so sick of all this and just wish it would come to an end. I agree with those that say its a nobrainer to bring him back. How can you not? He is our best option to win… and that is hopefully everyones goal in the Packer organization. Not some plan driven by egos and building a team with “my” guys. What bothers me the most is the silence from both Brett and the Packers. Someone please make it clear what is or is not going on here. Why let the media go in a 100 different directions with this? Brett.. why not say clearly what you are up to? Instead of just making the vague comments that it is “all rumor” and theres “nothing to it” That tells us nothing. Clearly say if you want to or you do not want to play again.. and for who it is that you want to play for. This is so beyond old already.
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July 8th, 2008 at 4:18 pm
Let it go man.
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July 8th, 2008 at 4:28 pm
Put it to a vote of the shareholders!
If Brett really wants to come back for the love of the game, let him do it for the league minimum — that way it becomes an economic decision for the Pack and not an emotional one.
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July 8th, 2008 at 4:34 pm
Questions might be asked, but there’s no guarantee that they’ll be answered. Kudos to those that gave of their own pockets to help the Packers continue to be a viable franchise, but Thompson and Murphy answer to the “new” shareholders like they answer to Dan Devine’s dearly departed doggy. Bob Harlan has done a pretty good impression of Drew Rosenhaus at past meetings. You know “next question, next question”.
But hey, if Packer shareholders don’t like it they can always sell the shares that they bought at $200 a pop back to the team for 2.5 cents per share. Basically the cost of the paper and ink used in making it.
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July 8th, 2008 at 4:37 pm
About the share structure:
“Shares of stock include voting rights, but the redemption price is minimal, no dividends are ever paid, the stock cannot appreciate in value - though private sales often exceed the face value of the stock, and stock ownership brings no season ticket privileges. No shareholder may own over 200,000 shares, a safeguard to ensure that no individual can assume control of the club.”
Apparently, there are over 4.5 million shares outstanding with a little over 100,000 shareholders. Why in the world would anyone buy more than one share, let alone 200,000? Now that I think about it, why would anyone even buy one share if they can’t sell it for a profit, the redemption rights are minimal, and it brings no benefits to ownership. You cheeseheads that coughed up $200/share in 1998 sure are dumb.
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July 8th, 2008 at 4:47 pm
I’m lovin every second of this crap. Just keeps whittlin’ away at the Packers fans idolatry of Favre.
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July 8th, 2008 at 4:50 pm
This is almost as much fun as watching Obama and Hillary beat on each on each other. I hope it drags out for a while.
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July 8th, 2008 at 5:12 pm
If I were to buy a share of this stock sometime this week does that mean I can go the meeting July 24th?
If Favre is not allowed back on the team I think I would pay close to $1,000 to see TT and the fans go to blows.
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Rating: 5 / 5 with 1 rating(s)
July 8th, 2008 at 5:16 pm
Kingcityguru- You are an idiot if you can’t figure out why people would cough up $200 for a share of the Packers that is essentially worthless. You must be a Minnesota Vikings (Soon to be LA) fan. You see, the Packers have given me enjoyment watching them play every Sunday for about 30 years.
With no deep pockets owner to funnel money into the franchise and the Packers in need of a stadium renovation, I felt like “donating” $200 for a “worthless” framed stock certificate was the least I could do to ensure that the NFL’s most storied franchise and crowned jewel is preserved. The Packers represent everything that is right in the NFL. In a tiny market, the Packers thrive and have more fan support than any other team nationwide, even though they aren’t located in New York or outside of Boston. There is no fan base that even comes close to matching them in traveling to away games to watch them play and the 45+ year season ticket waiting list is a testament to that.
As a shareholder, I have been able to ask a direct question to both the GM and the President of the team, I’ve been given a tour of the first rate facilities, including the locker room and have been able to walk on the field and have my picture taken in the NFL’s most hallowed stadium. How many Joe fan’s of other NFL franchises can say that? The Packers are a 1st class operation from top to bottom and go out of their way to cater to the fans and the shareholders when in reality they don’t need to given the fact that their season tickets are most assuredly guaranteed to be sold out given the waiting list. To me that $200 has been worth every penny and I haven’t even mentioned the fact that its fun to be able to brag to my loser Vikings fan friends who keep voting against a .25 tax increase to build a stadium so they and their fair weather bandwagon fans can watch a game….if they are having a winning season of course.
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July 8th, 2008 at 5:54 pm
So URNotMe, did your $200 get you a ticket, or at least get you bumped up in the waiting list? It surely didn’t buy you the absolute right to ask a question or to have that question answered, did it?
Also, are you aware that as a Packers shareholder, you are subject to official sanctions for speaking badly of any other NFL franchise?
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July 8th, 2008 at 8:17 pm
STAY retired!
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July 8th, 2008 at 11:11 pm
Vox- How old are you? Do you have an education past the 6th grade? Please show me where I spoke badly of an NFL franchise? I spoke badly of Vikings fans, which is well deserved. I’d say living half my life in Minneapolis gives me enough to go off of to make that assessment? Why were 4 games almost blacked out last year until the local networks bought out the tickets so they would get the advertising revenue? That was when they were at .500 for crying out loud!
I am not subject to any official sanctions you moron. I am a shareholder of the Packers, not the NFL. I am also not an employee of the Packers. Get a clue!
In answer to your other questions, yes I did get the right to ask a question and have it answered. Any people who weren’t able to ask a question during the meeting was encouraged to either call the Bob Harlan the President personally or meet him in the atrium afterwards to ask it. Were you aware that he actually returned every phone call from shareholders and fans? It’s documented that he did this. I didn’t need to get bumped up in the line, I have family season tickets.
The Viqueens are the biggest joke of a franchise and have been the laughingstock for years. From the choke jobs and 4 time Super Bowl losers to the Herschel Walker trade, Choke in 98 playoffs, to the 41-0 playoff loss to the Giants to the Love Boat scandal, to the head coach getting busted for scalping Super Bowl tickets, to the hiring of Major Dad…I mean Brad Childress. Everyone knows that they have been cursed more than any franchise in the history of the NFL. Report me! I’ll be waiting for those “official sanctions”.
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