Green Bay Packers, Inc.
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Green Bay Packers, Inc.
Green Bay Packers, Inc. is the publicly held nonprofit corporation that owns the National Football League (NFL)'s Green Bay Packers football franchise, based in Green Bay, Wisconsin. Established in 1923 as the Green Bay Football Corporation, the company received its current legal name in 1935. The Packers are the only publicly owned major professional sports franchise in the United States. Rather than being the property of an individual, partnership, or corporate entity, they are held as of 2022 by 537,460 stockholders. No one is allowed to hold more than 200,000 shares, which represents approximately four percent of the 5,011,558 shares currently outstanding. It is this broad-based community support and non-profit structure which has kept the team in Green Bay for over a century in spite of being the smallest market in all of North American major professional sports. Green Bay is the only team with this public form of ownership structure in the NFL, grandfathered when the ...
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Don Hutson Center
The Don Hutson Center is the indoor practice facility of the Green Bay Packers. Located across the street from Lambeau Field, it was built in 1994 at a cost of $4.7 million. The center is named after Don Hutson, who played for the Packers from 1935 to 1945. A member of both the Pro Football and Packers Halls of Fame, Hutson was the dominant player of his era, setting records that stood for 50 years after his retirement. The Don Hutson Center is the largest element of the Packers' practice complex, which includes Ray Nitschke Field and Clarke Hinkle Field Clarke Hinkle Field is one of the two outdoor American football practice facilities of the Green Bay Packers (the other being Ray Nitschke Field). These fields, together with the Don Hutson Center, comprise the team's training complex. The field ..., which were also named after Packer greats. There are two practice fields inside the Center: a field runs east–west, with another field running north–south, allowing ...
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Winnipeg Blue Bombers
The Winnipeg Blue Bombers are a professional Canadian football team based in Winnipeg, Manitoba. The Blue Bombers compete in the Canadian Football League (CFL) as a member club of the league's West division. They play their home games at IG Field. The Blue Bombers were founded in 1930 as the Winnipeg Rugby Football Club, later changed to the Winnipeg Football Club, which is the organization's legal name. The Blue Bombers are one of three community owned teams, without shareholders, in the CFL. Since their establishment, the Blue Bombers have won the league's Grey Cup championship 12 times, most recently in 2021 CFL season when they defeated the Hamilton Tiger-Cats 33–25 in the 108th Grey Cup. The team holds the record for most Grey Cup appearances of any team (26) and were the first club in Western Canada to win a championship. Team facts :Founded: 1930 :Formerly known as: Winnipegs 1930–1935 :Helmet design: Gold background, with a white "W" and blue trim :Uniform colo ...
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Dividends
A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets. The dividend received by a shareholder is income of the shareholder and may be subject to income tax (see dividend tax). The tax treatment of this income varies considerably between jurisdictions. The corporation does not receive a tax deduct ...
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Equity (finance)
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equi ...
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Preferred Stock
Preferred stock (also called preferred shares, preference shares, or simply preferreds) is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument. Preferred stocks are senior (i.e., higher ranking) to common stock but subordinate to bonds in terms of claim (or rights to their share of the assets of the company, given that such assets are payable to the returnee stock bond) and may have priority over common stock (ordinary shares) in the payment of dividends and upon liquidation. Terms of the preferred stock are described in the issuing company's articles of association or articles of incorporation. Like bonds, preferred stocks are rated by major credit rating agencies. Their ratings are generally lower than those of bonds, because preferred dividends do not carry the same guarantees as interest payments from bonds, and becaus ...
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Common Stock
Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Commonwealth realms. This type of share gives the stockholder the right to share in the profits of the company, and to vote on matters of corporate policy and the composition of the members of the board of directors. The owners of common stock do not own any particular assets of the company, which belong to all the shareholders in common. A corporation may issue both ordinary and preference shares, in which case the preference shareholders have priority to receive dividends. In the event of liquidation, ordinary shareholders receive any remaining funds after bondholders, creditors (including employees), and preference shareholders are paid. When the liquidation happens through bankruptcy, the ordinary shareholders typically receive nothing. ...
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Green Bay Press-Gazette
The ''Green Bay Press-Gazette'' is a newspaper whose primary coverage is of northeastern Wisconsin, including Green Bay. It was founded as the ''Green Bay Gazette'' in 1866 as a weekly paper, becoming a daily newspaper in 1871. The ''Green Bay Gazette'' merged with its major competitor, the ''Green Bay Free Press'' in 1915, assuming its current title. The newspaper was purchased by Gannett in March 1980. In 1972, an internal labor dispute led to the creation of the ''Green Bay News-Chronicle'' by striking workers. In 2004, the ''News-Chronicle'' was taken over by ''Press-Gazette'' publisher, Gannett, who closed it in 2005. Its sports section includes extensive coverage of the local NFL franchise, the Green Bay Packers; since Gannett's purchase of the ''Milwaukee Journal Sentinel The ''Milwaukee Journal Sentinel'' is a daily morning broadsheet printed in Milwaukee, Wisconsin, where it is the primary newspaper. It is also the largest newspaper in the state of Wisconsin ...
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Gratis Versus Libre
The English adjective ''free'' is commonly used in one of two meanings: "at no monetary cost" (''gratis'') and "with little or no restriction" (''libre''). This ambiguity of ''free'' can cause issues where the distinction is important, as it often is in dealing with laws concerning the use of information, such as copyright and patents. The terms ''gratis'' and ''libre'' may be used to categorise intellectual property, particularly computer programs, according to the licenses and legal restrictions that cover them, in the free software and open source communities, as well as the broader free culture movement. For example, they are used to distinguish freeware (software ''gratis'') from free software (software ''libre''). Richard Stallman summarised the difference in a slogan: "Think free as in free speech, not free beer." ''Gratis'' ''Gratis'' in English is adopted from the various Romance and Germanic languages, ultimately descending from the plural ablative and dative fo ...
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Capital Expenditure
Capital expenditure or capital expense (capex or CAPEX) is the money an organization or corporate entity spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land. It is considered a capital expenditure when the asset is newly purchased or when money is used towards extending the useful life of an existing asset, such as repairing the roof. Capital expenditures contrast with operating expenses (opex), which are ongoing expenses that are inherent to the operation of the asset. Opex includes items like electricity or cleaning. The difference between opex and capex may not be immediately obvious for some expenses; for instance, repaving the parking lot may be thought of inherent to the operation of a shopping mall. The dividing line for items like these is that the expense is considered capex if the financial benefit of the expenditure extends beyond the current fiscal year. Usage Capital expenditures are the funds used to acquire or upgra ...
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Corporate Management
Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. "Run the business" and "Change the business" are two concepts that are used in management to differentiate between the continued delivery of goods or services and adapting of goods or services to meet the changing needs of customers - see trend. The term "management" may also refer to those people who manage an organization—managers. Some people study management at colleges or universities; major degrees in management includes the Bachelor of Commerce (B.Com.), Bachelor of Business Administra ...
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Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germ ...
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Executive Committee
A committee or commission is a body of one or more persons subordinate to a deliberative assembly. A committee is not itself considered to be a form of assembly. Usually, the assembly sends matters into a committee as a way to explore them more fully than would be possible if the assembly itself were considering them. Committees may have different functions and their types of work differ depending on the type of the organization and its needs. A member of a legislature may be delegated a committee assignment, which gives them the right to serve on a certain committee. Purpose A deliberative assembly may form a committee (or "commission") consisting of one or more persons to assist with the work of the assembly. For larger organizations, much work is done in committees. Committees can be a way to formally draw together people of relevant expertise from different parts of an organization who otherwise would not have a good way to share information and coordinate actions. They may ...
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