Erik Reuter wrote: > > On Thu, Oct 02, 2003 at 01:45:47PM -0400, Jon Gabriel wrote: > > > The judge said they weren't, but the Federal law in question was > > established in 1946 and prohibits the gov't from registering a > > trademark disparaging any race, religion or other group. > > I'm quite ignorant on sports matters, but aren't most football teams > privately owned?
Yes.
Most teams have 1 owner, or a very small group of people owning the team.
The Green Bay Packers have a lot of shareholders, but the way they set it up, you can't sell your share. You can only indicate who should inherit it when you die. (At least, that's my understanding.) So that still falls under "privately owned", right?
Julia
Presently, 111,507 people (representing 4,748,910 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.
Shares of stock cannot be re-sold, except back to the team for a fraction of the original price. Limited transfer of shares (ie., to heirs and relatives) is permissible.
Kevin T. - VRWC So this is hangover country
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