If you’ve heard the Green Bay Packers are “community owned” or even “socialist,” here you go [Matthew Parlow and Anne-Louise Mittal (Marquette), SSRN via Bainbridge)]
If you’ve heard the Green Bay Packers are “community owned” or even “socialist,” here you go [Matthew Parlow and Anne-Louise Mittal (Marquette), SSRN via Bainbridge)]
4 Comments
Huh?
The Green Bay Packers are a not-for-profit corporation. Shares can be bought, when they are available. Historically, you had to be a resident of Green bay to be a shareholder. However, that was opened up state wide decades ago and opened nationally when they sold additional shares to help fund the renovations to their stadium (the renovation used no tax-payer money).
Own a piece of the team, it is the ultimate in sports memorabilia.
The shares sold are even voting shares, and they have taken to holding shareholder meetings at the stadium.
This does in a way make them community owned, but I can’t see how this would make them socialist.
This is no secret, I would have thought that everyone in Wisconsin was aware of this. Why this needs a law journal article to explain is beyond my understanding, and from Marquette University no less.
The authors should be given 50 lashes with a clue stick.
The needs of the Green Bay Packers fail to take into account the needs of the Law Journal, which are greater both in need and wisdom.
Isaac Asimov used to tell the story of sitting in on a class where the teacher started to explain one of Asimov’s stories — “Nightfall” if I recall correctly. Afterwards, Asimov went up and tried to correct the teacher’s misconceptions and was told Just because you wrote it doesnt mean you know what’s in it.”
Bob
That reminds me of this: http://www.newyorker.com/books/page-turner/an-open-letter-to-wikipedia
[…] the topics we discussed were whether the Green Bay Packer are a socialist enterprise; a lawsuit over a man’s death due to his choice to slide down a concert hall banister; and […]