This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Donations Save Bars, Brewers & Wikipedia

Stocks in this article: CBACJPM

"People had already taken ownership of the Pabst brand emotionally," said Brian Flatow, president of The Ad Store. "We saw an opportunity for ourselves and people like us to take ownership in more than just a metaphorical way, but to actually own the company."

For evidence that such a plan could actually work, a potential donor wouldn't have to leave Pabst's home state of Wisconsin. In 1923, with the Green Bay Packers $2,500 in debt, Curly Lambeau, Andrew B. Turnbull, attorney Gerald Francis Clifford, Dr. W. Webber Kelly and Leland H. Joannes incorporated the team as a non-profit company and sold 1,000 shares at $5 apiece. Shares were sold three more times -- from a bid to bail the team out of receivership in 1935 to a push for money to renovate Lambeau Field in 1997 and 1998 -- until the team amassed 112,120 shareholders with 4,750,937 shares.

The Packers have an executive board and chief executive much like other public companies, with football operations left to team management as with any other franchise. However, unlike most companies and franchises, stakeholders are capped at 200,000 shares to ensure no one has control of the team and the shareholders have a direct voice in capital projects like stadium investment. Each July, tens of thousands of shareholders meet at Lambeau Field, with some wearing suits beneath baseball caps reading "NFL Owner." Though NFL ownership rules changed in the 1980s to limit teams to a maximum of 32 owners, the Packers' model was exempted through a grandfather clause and has helped keep Green Bay -- the NFL's smallest market in a city with little more than 100,000 residents -- a viable and thriving franchise.

4 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs