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(Heavy)   Illinois senator introduces bill that could make Chicago Bears publicly owned team, seemingly forgetting that Aaron Rodgers already holds that position in the organization   (heavy.com) divider line
    More: Fail, Chicago, Chicago Bears, Illinois, Wrigley Field, Soldier Field, Illinois senator, Papa Bear, light of recent moves  
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347 clicks; posted to Sports » on 18 Oct 2021 at 6:20 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-10-18 2:26:41 AM  
Interesting, but I thought NFL rules expressly forbid this while grandfathering in the Packers. I guess everyone is worried what will happen when Virginia McCaskey kicks the bucket. None of her children have the sort of money the NFL requires and her grandchildren are already squabbling over how to divide up the team assets or profits from a sale.
 
2021-10-18 6:43:12 AM  
The state buying the Bears is an out for the McCaskeys but I don't see them taking it.  It's too complicated and there are too many grabbing hands in the family to get the deal done.
 
2021-10-18 7:27:55 AM  

greentea1985: Interesting, but I thought NFL rules expressly forbid this while grandfathering in the Packers. I guess everyone is worried what will happen when Virginia McCaskey kicks the bucket. None of her children have the sort of money the NFL requires and her grandchildren are already squabbling over how to divide up the team assets or profits from a sale.


They do.  NFL ownership rules have evolved quite a bit over the years, but basically boil down to:
- No public ownership, except for the Packers, who are grandfathered in.
- If an owner has other business interests, there must be a "Football Company" that is operated separately from those other enterprises.
- One individual must control at least 30% of a team's ownership, and be designated as the controlling person for the league membership.
- Regardless of how it's structured, no team can be owned by more than a certain number of owners (last I looked the number was 30).
 
2021-10-18 7:37:05 AM  
They get publicly owned on the field a lot, might as well make it official
 
2021-10-18 8:03:37 AM  

greentea1985: Interesting, but I thought NFL rules expressly forbid this while grandfathering in the Packers. I guess everyone is worried what will happen when Virginia McCaskey kicks the bucket. None of her children have the sort of money the NFL requires and her grandchildren are already squabbling over how to divide up the team assets or profits from a sale.


I hate to say this, but I want the bears ownership to be super wealthy and aloof af. Im glad we have the history and are basically the team that started the NFL, but ownership needs to be distant and rich. No al Davis types, of Jerry Jones, or God forbid Dan Snyder. Just quiet, and wealthier than Croysus.
 
2021-10-18 8:07:15 AM  

The Third Man: They get publicly owned on the field a lot, might as well make it official


Thats why they call it a bear market.
 
2021-10-18 8:09:47 AM  

mactheknife: greentea1985: Interesting, but I thought NFL rules expressly forbid this while grandfathering in the Packers. I guess everyone is worried what will happen when Virginia McCaskey kicks the bucket. None of her children have the sort of money the NFL requires and her grandchildren are already squabbling over how to divide up the team assets or profits from a sale.

They do.  NFL ownership rules have evolved quite a bit over the years, but basically boil down to:
- No public ownership, except for the Packers, who are grandfathered in.
- If an owner has other business interests, there must be a "Football Company" that is operated separately from those other enterprises.
- One individual must control at least 30% of a team's ownership, and be designated as the controlling person for the league membership.
- Regardless of how it's structured, no team can be owned by more than a certain number of owners (last I looked the number was 30).


It's in the league bylaws.  But there's nothing stopping Congress from twisting the NFL's arm by threatening to revisit the Sports Broadcasting Act.
 
2021-10-18 8:10:35 AM  
The road to Halas: Paved with good intentions?
 
2021-10-18 8:26:17 AM  

UNC_Samurai: mactheknife: greentea1985: Interesting, but I thought NFL rules expressly forbid this while grandfathering in the Packers. I guess everyone is worried what will happen when Virginia McCaskey kicks the bucket. None of her children have the sort of money the NFL requires and her grandchildren are already squabbling over how to divide up the team assets or profits from a sale.

They do.  NFL ownership rules have evolved quite a bit over the years, but basically boil down to:
- No public ownership, except for the Packers, who are grandfathered in.
- If an owner has other business interests, there must be a "Football Company" that is operated separately from those other enterprises.
- One individual must control at least 30% of a team's ownership, and be designated as the controlling person for the league membership.
- Regardless of how it's structured, no team can be owned by more than a certain number of owners (last I looked the number was 30).

It's in the league bylaws.  But there's nothing stopping Congress from twisting the NFL's arm by threatening to revisit the Sports Broadcasting Act.


Some of it is in Section 3.2 of the Constitution and Bylaws.  Most of it they've imposed by resolutions though, which have the same weight.  I've a 4" thick binder of everything the NFL has passed dating back to the merger, courtesy of my having the presence of mind to (a) buy a share of the Green Bay Packers back in the 90's, and (b) know that with that comes obligations, on the Packers and the NFL, to provide certain information to those shareholders upon request.

The Bears are almost certainly going to be out of Halas hands once Virginia McCaskey dies, for reasons already stated above.  The land acquisition they just made was with that in mind, intended to boost the sale price when that happens; because the team, as a stand-alone entity leasing a stadium rather than owning one, may not fetch the $2.3 billion-plus that is now the benchmark for NFL franchises.  The franchise together with the land to build a brand-new, state of the art stadium that's controlled by the team rather than a government entity?  Is probably worth $3-4 billion.
 
2021-10-18 8:27:42 AM  

Bathtub Cynic: I hate to say this, but I want the bears ownership to be super wealthy and aloof af.


The Bears ownership isn't super-wealthy.  That's the problem that the NFL is trying to deal with here.  They are asset and income poor.  The only thing they own is the Bears.  They rent their own stadium even.  When Virginia dies, she's got 21 grandchildren who all want a piece.  It's going to make the Denver situation look civil.  The NFL might even kick in money to build a stadium at Arlington to make the purchase of the team more attractive.
 
2021-10-18 8:43:08 AM  
yeah well ALL teams should be publicly owned, but fascists hate that kind of idea
 
2021-10-18 9:03:31 AM  

Rapmaster2000: Bathtub Cynic: I hate to say this, but I want the bears ownership to be super wealthy and aloof af.

The Bears ownership isn't super-wealthy.  That's the problem that the NFL is trying to deal with here.  They are asset and income poor.  The only thing they own is the Bears.  They rent their own stadium even.  When Virginia dies, she's got 21 grandchildren who all want a piece.  It's going to make the Denver situation look civil.  The NFL might even kick in money to build a stadium at Arlington to make the purchase of the team more attractive.


Before a ball is snapped, each NFL team is given a cheque for almost twice the salary cap.

You don't need to be wealthy to run a football team, running the football team makes you wealthy.

Anyone that is running an NFL team and pretending to be poor is lying to you. Sure, they might not have multiple billions, but they're running a license to print money.
 
2021-10-18 9:25:04 AM  

Gubbo: Rapmaster2000: Bathtub Cynic: I hate to say this, but I want the bears ownership to be super wealthy and aloof af.

The Bears ownership isn't super-wealthy.  That's the problem that the NFL is trying to deal with here.  They are asset and income poor.  The only thing they own is the Bears.  They rent their own stadium even.  When Virginia dies, she's got 21 grandchildren who all want a piece.  It's going to make the Denver situation look civil.  The NFL might even kick in money to build a stadium at Arlington to make the purchase of the team more attractive.

Before a ball is snapped, each NFL team is given a cheque for almost twice the salary cap.

You don't need to be wealthy to run a football team, running the football team makes you wealthy.

Anyone that is running an NFL team and pretending to be poor is lying to you. Sure, they might not have multiple billions, but they're running a license to print money.


All NFL owners are wealthy to me and you.

Amongst the owners themselves, there are clear class divisions based on their wealth compared to each other. It's why Jerry Jones, Robert Kraft, and Stan Kroenke can wag their dicks around the league and make demands and set policies for the rest of the league to follow, whereas people like Spanos (Chargers owner) and Mark Davis have to grin and bear it.

Dan Snyder, if he was on the poorer side of ownership, would have been kicked out of the league for his actions with the WFT by now. Instead, he's managed to skate by for the most part without suffering any harsh punishments.
 
2021-10-18 9:26:41 AM  

Gubbo: Rapmaster2000: Bathtub Cynic: I hate to say this, but I want the bears ownership to be super wealthy and aloof af.

The Bears ownership isn't super-wealthy.  That's the problem that the NFL is trying to deal with here.  They are asset and income poor.  The only thing they own is the Bears.  They rent their own stadium even.  When Virginia dies, she's got 21 grandchildren who all want a piece.  It's going to make the Denver situation look civil.  The NFL might even kick in money to build a stadium at Arlington to make the purchase of the team more attractive.

Before a ball is snapped, each NFL team is given a cheque for almost twice the salary cap.

You don't need to be wealthy to run a football team, running the football team makes you wealthy.

Anyone that is running an NFL team and pretending to be poor is lying to you. Sure, they might not have multiple billions, but they're running a license to print money.


Is that just the team's cut of the TV revenue?  How much of the ticket sales does the team get versus the stadium owners?
 
2021-10-18 9:36:25 AM  

Gubbo: Anyone that is running an NFL team and pretending to be poor is lying to you.


They didn't tell me that they were poor.  That's not what this is about.  I'm telling you that the team is the only asset the McCaskeys own - no stadium and no outside revenue streams.  This is a problem for both them and the NFL.
 
2021-10-18 9:36:27 AM  
Ummm... wasn't that tried with the Baltimore Colts back in the day? How'd that work out for everyone?
 
2021-10-18 10:18:08 AM  
Fark user imageView Full Size
 
2021-10-18 10:34:58 AM  
"Illinois senator"?

Thanks Obama.
 
2021-10-18 10:38:13 AM  

Big 900: [Fark user image image 425x259]


Although that could be in the form of a Jeopardy answer, coming in Alex Trebek's voice from inside the Pearly Gates:

"This Packers quarterback still owns you, even in the afterlife."
 
2021-10-18 10:40:29 AM  

Joe_diGriz: Ummm... wasn't that tried with the Baltimore Colts back in the day? How'd that work out for everyone?


That was the state trying to keep the Colts in Maryland by basically pointing a gun at Irsay and daring him to see if it was loaded.
 
2021-10-18 10:45:56 AM  

bluorangefyre: Big 900: [Fark user image image 425x259]

Although that could be in the form of a Jeopardy answer, coming in Alex Trebek's voice from inside the Pearly Gates:

"This Packers quarterback still owns you, even in the afterlife."


Lol. My buddy sent me that from some nfl forum he is part of. Just reading it warmed my dark, Packers-loving heart.
 
2021-10-18 10:52:48 AM  

bluorangefyre: Joe_diGriz: Ummm... wasn't that tried with the Baltimore Colts back in the day? How'd that work out for everyone?

That was the state trying to keep the Colts in Maryland by basically pointing a gun at Irsay and daring him to see if it was loaded.


And they ran away in the dead of night, b/c they knew the government's aim was terrible in the darkness.
 
2021-10-18 10:59:02 AM  

Rapmaster2000: Bathtub Cynic: I hate to say this, but I want the bears ownership to be super wealthy and aloof af.

The Bears ownership isn't super-wealthy.  That's the problem that the NFL is trying to deal with here.  They are asset and income poor.  The only thing they own is the Bears.  They rent their own stadium even.  When Virginia dies, she's got 21 grandchildren who all want a piece.  It's going to make the Denver situation look civil.  The NFL might even kick in money to build a stadium at Arlington to make the purchase of the team more attractive.


I know the Bears ownership isn't super rich and isnt in the general mold of the investment banker owner, that's why I want them to be.
 
2021-10-18 11:01:03 AM  

Gubbo: Rapmaster2000: Bathtub Cynic: I hate to say this, but I want the bears ownership to be super wealthy and aloof af.

The Bears ownership isn't super-wealthy.  That's the problem that the NFL is trying to deal with here.  They are asset and income poor.  The only thing they own is the Bears.  They rent their own stadium even.  When Virginia dies, she's got 21 grandchildren who all want a piece.  It's going to make the Denver situation look civil.  The NFL might even kick in money to build a stadium at Arlington to make the purchase of the team more attractive.

Before a ball is snapped, each NFL team is given a cheque for almost twice the salary cap.

You don't need to be wealthy to run a football team, running the football team makes you wealthy.

Anyone that is running an NFL team and pretending to be poor is lying to you. Sure, they might not have multiple billions, but they're running a license to print money.


Dan Snyders personal wealth far overshadows anything old Virginia makes each year off the bears. I get what you are saying but the point of a super wealthy owner is that they usually don't get involved in the team in any way, aka the perfect owner.
 
2021-10-18 11:02:20 AM  

Big 900: [Fark user image image 425x259]


Aaron Rodgers is also a really huge asshole, just like the guy he pretends he didn't learn everything from, Brett Favre.
 
2021-10-18 11:15:05 AM  

Bathtub Cynic: Big 900: [Fark user image image 425x259]

Aaron Rodgers is also a really huge asshole, just like the guy he pretends he didn't learn everything from, Brett Favre.


🤷♂ maybe. And??
As far as anyone knows he hasn't beaten any women, abused any kids, tortured animals (other than the Lions and the Bears), and he hasn't been arrested on dui or gun charges. Or (since you referenced Favre) been accused of sending unsolicited dick pics to random people.
He's a professional athlete that is confident in his abilities to the point of arrogance *cue fainting couch*
 
2021-10-18 11:19:28 AM  

Big 900: Bathtub Cynic: Big 900: [Fark user image image 425x259]

Aaron Rodgers is also a really huge asshole, just like the guy he pretends he didn't learn everything from, Brett Favre.

🤷♂ maybe. And??
As far as anyone knows he hasn't beaten any women, abused any kids, tortured animals (other than the Lions and the Bears), and he hasn't been arrested on dui or gun charges. Or (since you referenced Favre) been accused of sending unsolicited dick pics to random people.
He's a professional athlete that is confident in his abilities to the point of arrogance *cue fainting couch*


Not to mention that those abilities ARE historically great, and make him a future first ballot HOF nod and one of the best in history at his chosen craft. So at least that confidence has ample justification.
 
2021-10-18 11:49:47 AM  

Bathtub Cynic: Dan Snyders personal wealth far overshadows anything old Virginia makes each year off the bears. I get what you are saying but the point of a super wealthy owner is that they usually don't get involved in the team in any way, aka the perfect owner.


https://www.forbes.com/sites/kurtbade​n​hausen/2020/09/08/americas-richest-spo​rts-team-owners-2020-steve-ballmer-on-​top-as-steve-cohen-prepares-to-join-ra​nks/

What freaks me out about this list is how far ahead Ballmer is, but if Jeff Bezos bought a team, he'd almost double up Ballmer, too.

images-wixmp-ed30a86b8c4ca887773594c2.wixmp.comView Full Size
 
2021-10-18 11:53:38 AM  

Bathtub Cynic: Gubbo: Rapmaster2000: Bathtub Cynic: I hate to say this, but I want the bears ownership to be super wealthy and aloof af.

The Bears ownership isn't super-wealthy.  That's the problem that the NFL is trying to deal with here.  They are asset and income poor.  The only thing they own is the Bears.  They rent their own stadium even.  When Virginia dies, she's got 21 grandchildren who all want a piece.  It's going to make the Denver situation look civil.  The NFL might even kick in money to build a stadium at Arlington to make the purchase of the team more attractive.

Before a ball is snapped, each NFL team is given a cheque for almost twice the salary cap.

You don't need to be wealthy to run a football team, running the football team makes you wealthy.

Anyone that is running an NFL team and pretending to be poor is lying to you. Sure, they might not have multiple billions, but they're running a license to print money.

Dan Snyders personal wealth far overshadows anything old Virginia makes each year off the bears. I get what you are saying but the point of a super wealthy owner is that they usually don't get involved in the team in any way, aka the perfect owner.


Do you want the Detroit Lions? Because this is how you get the Detroit Lions. The Ford family has been aloof, uninterested, and uninvolved for almost 60 years of ownership.

The story I've always been told is that "The Family" didnt want William Clay Ford anywhere near the Ford Motor Company despite him being the heir presumptive. So they bought the Lions and gave them to him so he would have something to do and still feel important while capable people ran FMC instead of him. And thus started the modern Detroit Lions era: 1 playoff victory in 50+ farking years...
 
2021-10-18 11:53:58 AM  
Favre was 22-10 against the Bears
Matt Stafford was 12-9
Kirk Cousins is 3-4
 
2021-10-18 1:54:42 PM  

Big 900: Bathtub Cynic: Big 900: [Fark user image image 425x259]

Aaron Rodgers is also a really huge asshole, just like the guy he pretends he didn't learn everything from, Brett Favre.

🤷♂ maybe. And??
As far as anyone knows he hasn't beaten any women, abused any kids, tortured animals (other than the Lions and the Bears), and he hasn't been arrested on dui or gun charges. Or (since you referenced Favre) been accused of sending unsolicited dick pics to random people.
He's a professional athlete that is confident in his abilities to the point of arrogance *cue fainting couch*


Yea, he's an asshole. I forgot Favre had some other things going on there at the end so he's a much bigger asshole. But Aaron Rodgers, still an asshole.
 
2021-10-18 2:50:07 PM  

Rapmaster2000: Gubbo: Anyone that is running an NFL team and pretending to be poor is lying to you.

They didn't tell me that they were poor.  That's not what this is about.  I'm telling you that the team is the only asset the McCaskeys own - no stadium and no outside revenue streams.  This is a problem for both them and the NFL.


I disagree with you that it's a problem. NFL teams are a great business. They make tons of cash and the value of your business has increased astronomically over the past 10/15 years.
 
2021-10-18 3:59:02 PM  

Nana's Vibrator: Favre was 22-10 against the Bears
Matt Stafford was 12-9
Kirk Cousins is 3-4


Kurt Cousins*
 
2021-10-18 4:10:40 PM  

Big 900: Bathtub Cynic: Big 900: [Fark user image image 425x259]

Aaron Rodgers is also a really huge asshole, just like the guy he pretends he didn't learn everything from, Brett Favre.

🤷♂ maybe. And??
As far as anyone knows he hasn't beaten any women, abused any kids, tortured animals (other than the Lions and the Bears), and he hasn't been arrested on dui or gun charges. Or (since you referenced Favre) been accused of sending unsolicited dick pics to random people.
He's a professional athlete that is confident in his abilities to the point of arrogance *cue fainting couch*


Rodgers is a lot younger than Favre. He's got time to catch up.

I will give Rodgers credit for being on the right side of Kaepernick and vaccines. Bodes well for him.
 
2021-10-18 4:38:42 PM  

Bathtub Cynic: Big 900: Bathtub Cynic: Big 900: [Fark user image image 425x259]

Aaron Rodgers is also a really huge asshole, just like the guy he pretends he didn't learn everything from, Brett Favre.

🤷♂ maybe. And??
As far as anyone knows he hasn't beaten any women, abused any kids, tortured animals (other than the Lions and the Bears), and he hasn't been arrested on dui or gun charges. Or (since you referenced Favre) been accused of sending unsolicited dick pics to random people.
He's a professional athlete that is confident in his abilities to the point of arrogance *cue fainting couch*

Yea, he's an asshole. I forgot Favre had some other things going on there at the end so he's a much bigger asshole. But Aaron Rodgers, still an asshole.


Lions fan, Bears fan, or Vikings fan?
 
2021-10-18 4:49:28 PM  
Wikipedia:

pbs.twimg.comView Full Size
 
2021-10-18 5:11:28 PM  

Big 900: Big 900: Bathtub Cynic: Big 900: [Fark user image image 425x259]

Aaron Rodgers is also a really huge asshole, just like the guy he pretends he didn't learn everything from, Brett Favre.

🤷♂ maybe. And??
As far as anyone knows he hasn't beaten any women, abused any kids, tortured animals (other than the Lions and the Bears), and he hasn't been arrested on dui or gun charges. Or (since you referenced Favre) been accused of sending unsolicited dick pics to random people.
He's a professional athlete that is confident in his abilities to the point of arrogance *cue fainting couch*

Not to mention that those abilities ARE historically great, and make him a future first ballot HOF nod and one of the best in history at his chosen craft. So at least that confidence has ample justification.


Complete absence of humility. Puts him pretty high on the A-hole scale.
 
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