Draegerman
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Doomsday101;3311900 said:
Jerry's worth is over a billion dollars to date. So explain to me why he needs the money from the naming rights.
BTW, ever hear of Lambeau Field?
Jones Jr.: Cowboys Stadium will get corporate name; how to get more Super Bowls
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Jerry's worth is over a billion dollars to date. So explain to me why he needs the money from the naming rights.
BTW, ever hear of Lambeau Field?
Doomsday101
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Draegerman;3312296 said:
He is a business man he is not running a charity he invested big money and like any other business man he expects to make back his investment and make a profit he would not be in the position he is in if he played sentimental games. You think he has enough money who are you to say what enough is?
Jerry has taken on many risk in his life not being born into money he has went out and earned it
Yes I have heard of Lambeau I also know the people of GB own the GB packers.
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YoMick;3311940 said:
But what about the responsibility Jerry has to the fans? You know...the ones that make up the bulk of his monthly paycheck, hmm?
Or he can insist that they find some kind of common ground and find a way to include Schramm & Landry in the naming rights.
Sort of a "cake and eat it, too" possibility.
Nice. And it shows that you completely missed my point earlier.
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Doomsday101;3312299 said:
I'm me and because I just do (and I've given you some examples of why already). Now show me why it isn't enough.
And he has been very successful at it. So what's your point? That it's in his blood to make money and he just can't help himself? I don't believe that and I'm convinced (as Jerry gets older), he will learn more to become Jerry the philantropist rather than just Jerry the buisnessman. I really do.
Well, that's my point. Corporate sponsors would be lining up a mile long if they thought the people of Green Bay would entertain the idea of changing the naming rights to Lambeau Field. This could put a lot of money in the team's pocket...and it could be put to a lot good use.
And yet, they haven't. How come? Are they lousy business people or would it be fair to say that they know how to respect the individuals that made them the team they are today?
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Draegerman;3312325 said:
GB is not the same situation as any other team in the NFL or any other pro sports team in America, the owners are stock holders any investment they make is shared by many.
Jerry put out the money and like any business person with an any sense at all he is not going to lose that money that is just stupid. You sure as heck will not stay wealthy by throwing money down the drain and Jerry has already shown his willingness to reinvest in this team be it the remodeling job they did at Texas Stadium or his investment in this new stadium.
It is pretty clear you have no sense of business
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After reading further i feel dumb that I didn't think of this:
Tom Landry Field <-------------for the win!
It just makes perfect sense. Jerry doesn't need the money. The cowboys are the 4th most valuable sports brand in the WORLD according to Forbes magazine. Another website says they are the MOST valuable team in the world. Either way, the point remains the same. Jerry does NOT need the naming rights money.
Tom Landry Field <-------------for the win!
It just makes perfect sense. Jerry doesn't need the money. The cowboys are the 4th most valuable sports brand in the WORLD according to Forbes magazine. Another website says they are the MOST valuable team in the world. Either way, the point remains the same. Jerry does NOT need the naming rights money.
Doomsday101
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GB is much different:
Of all the reasons that make the Green Bay Packers and their story so incredible and unique, the most significant is simply this: The team is literally owned by its fans.
Presently, 112,120 people (representing 4,750,937 shares) can lay claim to a franchise ownership interest.
Shares of stock include voting rights, but the redemption price is minimal, no dividends are ever paid, the stock cannot appreciate in value, and there are no season-ticket privileges associated with stock ownership. No shareholder is allowed to own more than 200,000 shares, a safeguard to ensure that no one individual is able to assume control of the club.
The team has had three owners, all in its first four years, 1919-22. The first owner, Indian Packing Company, paid an unofficial purchase price of $500 to supply Curly Lambeau with uniforms and equipment. In turn, Lambeau and team manager George Calhoun called the club "Packers."
Shortly thereafter, Acme Packing Company bought Indian Packing Company and all its assets, including the fledgling team. In 1921, Lambeau convinced new owners John and Emmitt Clair to apply for membership in the new American Professional Football Association (early NFL).
With the team already headed for bankruptcy, the APFA revoked the franchise after Lambeau used illegal college players in a non-league game later that year. But before the 1922 season, Lambeau by himself reapplied and the league reinstated the Packers, with Lambeau as owner. When rain threatened to sink the team in 1922, A.B. Turnbull came to the rescue.
Turnbull, publisher of the Green Bay Press-Gazette, grocery man Lee Joannes, attorney Gerald Clifford and Dr. W. Webber Kelly cancelled Lambeau's $2,500 debt, then rallied the community behind the team. In August 1923, with more than 400 in attendance at a local Elks Club, the club was transformed into a non-profit entity, the Green Bay Packers Corporation. The five men, including Lambeau, were nicknamed the Hungry Five.
There now have been four stock drives in the 90-year history of the team. The first stock sale, which took place at that 1923 meeting, saw local merchants raise $5,000 by selling 1,000 shares for $5 apiece, with a stipulation that the purchaser also had to buy at least six season tickets.
The second, in 1935, raised $15,000 after the corporation had gone into receivership. At that point, the non-profit Green Bay Football Corporation was reorganized as the Green Bay Packers, Inc., the present company, with 300 shares of stock outstanding.
The third, in 1950, came on the heels of founder Curly Lambeau's 30-year dominion, when the club's officers arranged to amend the corporation's bylaws to permit the sale of up to 10,000 total shares of stock (opening up more than 9,500 shares for purchase), to limit the number of shares that any individual could own. The team also increased the number of directors from 15 to 25.
The response to the 1950 drive was inspiring, with people from all across Wisconsin, as well as former Green Bay residents living in other states, coming forward to buy the $25 shares of stock. Roughly $50,000 was raised in one 11-day period alone. Reportedly, one woman from a farm near Wrightstown, Wis., showed up at the team's offices with $25 worth of quarters in a match box. A total of about $118,000 was generated through this major stock sale, helping to put the Packers on a sound financial basis once again.
The fourth came late in 1997 and early in 1998. It added 105,989 new shareholders and raised more than $24 million, monies which were utilized for the Lambeau Field redevelopment project. Priced at $200 per share, fans bought 120,010 shares during the 17-week sale, which ended March 16, 1998.
With the NFL supporting the plan, the existing 1,940 shareholders overwhelmingly voted to amend the articles of the corporation on Nov. 13, 1997. The vote authorized the Packers to sell up to 1 million shares to raise funds for capital improvements, and received a 1,000 to 1 split on their original shares. Fans immediately were able to call a special toll-free number, or tap into the team's Web site for information on how to buy the 400,000 shares made available to the public.
The initial response to the recent stock offering was staggering. In the first 11 days, roughly one-third -- or $7.8 million -- of the total amount transacted was sold. Paid orders poured in at a rate of 3,500 per day during this early period, generating about $700,000 each day. The sale hit its high point during the first week of December as fans purchased shares as holiday gifts.
Shares of stock were purchased by citizens from all 50 states, in addition to fans in Guam and the U.S. Virgin Islands. Over half (or roughly 64,300) of the new shares during the 1997-98 offering were bought by Wisconsin residents, followed by inhabitants of Illinois (9,600), Minnesota (4,300), California (3,700), Florida (2,900), Michigan (2,800), Texas (2,500) and Ohio (2,000).
Today, an annual meeting of shareholders is held in July. The event returned to Lambeau Field in 2006 after several thousand people were turned away from the 2005 meeting at the nearby Resch Center. As a means of running the corporation, a board of directors is elected by the stockholders. The board of directors in turn elect a seven-member Executive Committee (officers) of the corporation, consisting of a president, vice president, treasurer, secretary and three members-at-large. The president is the only officer who receives compensation. The balance of the committee is sitting gratis.
Shares of stock cannot be resold, except back to the team for a fraction of the original price. Limited transfer of shares (ie., to heirs and relatives) is permissible.
Based on the original 'Articles of Incorporation for the (then) Green Bay Football Corporation' put into place in 1923, if the Packers franchise was sold, after the payment of all expenses, any remaining funds would go to the Sullivan-Wallen Post of the American Legion in order to build "a proper soldiers' memorial." This stipulation was enacted to ensure that the club remained in Green Bay and that there could never be any financial enhancement for the shareholder. The beneficiary was changed from the Sullivan-Wallen Post to the Green Bay Packers Foundation on the basis of a shareholder vote at the November 1997 meeting.
Of all the reasons that make the Green Bay Packers and their story so incredible and unique, the most significant is simply this: The team is literally owned by its fans.
Presently, 112,120 people (representing 4,750,937 shares) can lay claim to a franchise ownership interest.
Shares of stock include voting rights, but the redemption price is minimal, no dividends are ever paid, the stock cannot appreciate in value, and there are no season-ticket privileges associated with stock ownership. No shareholder is allowed to own more than 200,000 shares, a safeguard to ensure that no one individual is able to assume control of the club.
The team has had three owners, all in its first four years, 1919-22. The first owner, Indian Packing Company, paid an unofficial purchase price of $500 to supply Curly Lambeau with uniforms and equipment. In turn, Lambeau and team manager George Calhoun called the club "Packers."
Shortly thereafter, Acme Packing Company bought Indian Packing Company and all its assets, including the fledgling team. In 1921, Lambeau convinced new owners John and Emmitt Clair to apply for membership in the new American Professional Football Association (early NFL).
With the team already headed for bankruptcy, the APFA revoked the franchise after Lambeau used illegal college players in a non-league game later that year. But before the 1922 season, Lambeau by himself reapplied and the league reinstated the Packers, with Lambeau as owner. When rain threatened to sink the team in 1922, A.B. Turnbull came to the rescue.
Turnbull, publisher of the Green Bay Press-Gazette, grocery man Lee Joannes, attorney Gerald Clifford and Dr. W. Webber Kelly cancelled Lambeau's $2,500 debt, then rallied the community behind the team. In August 1923, with more than 400 in attendance at a local Elks Club, the club was transformed into a non-profit entity, the Green Bay Packers Corporation. The five men, including Lambeau, were nicknamed the Hungry Five.
There now have been four stock drives in the 90-year history of the team. The first stock sale, which took place at that 1923 meeting, saw local merchants raise $5,000 by selling 1,000 shares for $5 apiece, with a stipulation that the purchaser also had to buy at least six season tickets.
The second, in 1935, raised $15,000 after the corporation had gone into receivership. At that point, the non-profit Green Bay Football Corporation was reorganized as the Green Bay Packers, Inc., the present company, with 300 shares of stock outstanding.
The third, in 1950, came on the heels of founder Curly Lambeau's 30-year dominion, when the club's officers arranged to amend the corporation's bylaws to permit the sale of up to 10,000 total shares of stock (opening up more than 9,500 shares for purchase), to limit the number of shares that any individual could own. The team also increased the number of directors from 15 to 25.
The response to the 1950 drive was inspiring, with people from all across Wisconsin, as well as former Green Bay residents living in other states, coming forward to buy the $25 shares of stock. Roughly $50,000 was raised in one 11-day period alone. Reportedly, one woman from a farm near Wrightstown, Wis., showed up at the team's offices with $25 worth of quarters in a match box. A total of about $118,000 was generated through this major stock sale, helping to put the Packers on a sound financial basis once again.
The fourth came late in 1997 and early in 1998. It added 105,989 new shareholders and raised more than $24 million, monies which were utilized for the Lambeau Field redevelopment project. Priced at $200 per share, fans bought 120,010 shares during the 17-week sale, which ended March 16, 1998.
With the NFL supporting the plan, the existing 1,940 shareholders overwhelmingly voted to amend the articles of the corporation on Nov. 13, 1997. The vote authorized the Packers to sell up to 1 million shares to raise funds for capital improvements, and received a 1,000 to 1 split on their original shares. Fans immediately were able to call a special toll-free number, or tap into the team's Web site for information on how to buy the 400,000 shares made available to the public.
The initial response to the recent stock offering was staggering. In the first 11 days, roughly one-third -- or $7.8 million -- of the total amount transacted was sold. Paid orders poured in at a rate of 3,500 per day during this early period, generating about $700,000 each day. The sale hit its high point during the first week of December as fans purchased shares as holiday gifts.
Shares of stock were purchased by citizens from all 50 states, in addition to fans in Guam and the U.S. Virgin Islands. Over half (or roughly 64,300) of the new shares during the 1997-98 offering were bought by Wisconsin residents, followed by inhabitants of Illinois (9,600), Minnesota (4,300), California (3,700), Florida (2,900), Michigan (2,800), Texas (2,500) and Ohio (2,000).
Today, an annual meeting of shareholders is held in July. The event returned to Lambeau Field in 2006 after several thousand people were turned away from the 2005 meeting at the nearby Resch Center. As a means of running the corporation, a board of directors is elected by the stockholders. The board of directors in turn elect a seven-member Executive Committee (officers) of the corporation, consisting of a president, vice president, treasurer, secretary and three members-at-large. The president is the only officer who receives compensation. The balance of the committee is sitting gratis.
Shares of stock cannot be resold, except back to the team for a fraction of the original price. Limited transfer of shares (ie., to heirs and relatives) is permissible.
Based on the original 'Articles of Incorporation for the (then) Green Bay Football Corporation' put into place in 1923, if the Packers franchise was sold, after the payment of all expenses, any remaining funds would go to the Sullivan-Wallen Post of the American Legion in order to build "a proper soldiers' memorial." This stipulation was enacted to ensure that the club remained in Green Bay and that there could never be any financial enhancement for the shareholder. The beneficiary was changed from the Sullivan-Wallen Post to the Green Bay Packers Foundation on the basis of a shareholder vote at the November 1997 meeting.
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Rynie;3312335 said:
the man paid over a billion dollars? He deserves the 40-50m a year it will fetch this year because of the Super Bowl coming, and if he wants it after that he can have the 30m a year it will earn if he wants it.
Damnit some people are selfish, the man gets us a 1.5b stadium so the Cowboys will have the best stadium on the planet and people complain about him trying to make some money back? Get over it lol
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Doomsday101;3312332 said:
True, but it is a reflection on what their fans want. This is what endears them to their team.
What is so laughable with what you're saying is the fact that JJ is making money hand over fist in other financial sectors (both with and outside of the Dallas Cowboys). And yet he so desperately needs this money for the naming rights because...
Because he's an excellent businessman?
Also, do you have any idea how ridiculous you sound when you claim Jerry would lose money without getting those naming rights? Do you honestly believe he's losing money right now because they didn't sell the naming rights last season?
And you have clearly demonstrated what's more important to you in your life - money.
BTW, I bet that I have more of it ($) than you.
Care to make a bet?
Doomsday101
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Draegerman;3312356 said:True, but it is a reflection on what their fans want. This is what endears them to their team.
What is so laughable with what you're saying is the fact that JJ is making money hand over fist in other financial sectors (both with and outside of the Dallas Cowboys). And yet he so desperately needs this money for the naming rights because...
Because he's an excellent businessman?
Also, do you have any idea how ridiculous you sound when you claim Jerry would lose money without getting those naming rights? Do you honestly believe he's losing money right now because they didn't sell the naming rights last season?
And you have clearly demonstrated what's more important to you in your life - money.
BTW, I bet that I have more of it ($) than you.
Care to make a bet?
Then you should have bought the team. But you didn't Jerry did and like any other owner out there they understand business is business. Sorry but he would lose money, he paid well over 300 million dollars out of his pocket even for Jerry that is not chump change and this is just the construction of the stadium not the daily up keep and operations of the stadium which is also very expensive.
As for what is important in life many things are important and if I'm running a business part of what is important is to run a profitable business and you do that by making wise choices.
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Are you going to provide us a link, Doomsday, or are you taking credit (as the author) for what you just posted?
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Doomsday101;3312369 said:
How do you know that he is losing m-o-n-e-y? Because you make it sound like his financial livelihood is completely dependent on those stupid naming rights - and I say "Bull". If it was so important then why didn't he already line up a sponsor to the naming rights before the start of the 2009 season? Afterall, he's losing money, right?
The more pity, that fools may not speak wisely what wise men do foolishly.
William Shakespeare
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zrinkill;3312383 said:
I realize that but he also didn't give a link and that's why I questioned it.
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I'm going to jump off my soapbox now. I've always considered myself an old school type of Cowboys fan (long ago, it was just simply "Cowboys fan"), but I know what got us here and what made this team so great. And that should never be forgotten.
Perhaps my view is a bit skewed and I truly must lack a business sense. But I think that if I was Jerry, I'd be more concerned with my legacy at this juncture rather than where my next $300 million is going to come from.
Perhaps my view is a bit skewed and I truly must lack a business sense. But I think that if I was Jerry, I'd be more concerned with my legacy at this juncture rather than where my next $300 million is going to come from.
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Draegerman;3312385 said:
He is losing money in terms of other franchise who are getting 400 million dollar naming right contracts and his stadium it is believed will bring in more than that. We are competing with other franchises not just on the field. If Jerry is putting out over 300 million and getting 0 in return in terms of naming rights then that is losing money.
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Draegerman;3312398 said:
Well then he should name it Jimmy Johnson stadium since jimmy helped bring 3 SB titles to Dallas under Jerry's ownership. So how about it Jimmy Johnson stadium. Funny thing is back in 1988 many Cowboy fans where hollering Tom Landry needed to go now you want Jerry to lose out on a mega deal so you can feel good?
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Doomsday101;3312400 said:
Oh crap! Please do not drag me back into this! :bang2:
:bang2: Look, do you remember how much JJ originally invested in this franchise? If you count the original investment plus the amount of money he recently invested in the new stadium, you come up with a total of $450 million dollars.
Now for the sake of simplicity, even though it's obvious that I'm wrong, let's assume that all the expenses from 1989 to present were zeroed out by the profits (again, totally ridiculous because we know he's made more profit)...
To date, on paper, his team plus merchandising rights are worth more than 1.4 billion dollars.
From a profit standpoint, I'd call that a pretty damn good 21 years as an investment.
Wouldn't you?