 |
|
|
|
 |
|
 |
|
|
|
|
|
|
|
|
|
|
|
| Solid Football, Shaky Finances, 1922-35 |
- Packers use two active Notre Dame players in non-league game against Chicago Supremes after 1921 season. Upset at teams using illegal players, league makes example of Packers, strips Green Bay of team (Jan. 28, 1922). NFL owners reinstate Packers at Canton league meeting, after Lambeau apologizes, pays $250 franchise fee, making him team's new owner.
- Fearing weather would scare fans in 1922, team purchases rain insurance for Oct. 8 Racine game; if official precipitation was at least .1 inches, insurance would pay Racine's guarantee; rained only .09 inches, game drew minimal attendance, and Packers stuck with debt to opponent.
- On Nov. 4, 1922, with team too poor for rain insurance and fearing another sparse turnout for next day's game with Columbus, Andrew Turnbull advances Lambeau funds to pay guarantee, then after season recruits local businessmen, turns Packers into non-profit corporation in August 1923, and holds first stock sale, raising $5,000.
- Small-town Packers gain national respect, defeating mighty Giants at Polo Grounds, 7-0, Nov. 18, 1928.
- Lambeau signs Johnny Blood, Cal Hubbard and Mike Michalske before 1929 season, wins three straight NFL titles (1929-31).
- Fan falls from bleachers, sues, court awards $5,000. Packers turn to their public-liability (mutual) insurance company, but it is a casualty of Great Depression; team needs additional $2,500 to settle with creditors.
- Circuit Court Judge and Packer fan Henry Graass turns team into receivership of CPA Frank Jonet, Packer stockholder who allows team to be reorganized from Green Bay Football Corporation to Green Bay Packers, Inc.
- President Lee Joannes organizes 1935 stock drive, raises $15,000, pays off all debts.
|
Last Updated: 12/31/07
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
